World Affairs TODAY Season 10 Episode 10 - “FAILED: Global Economy”

Mark Weisbrot, co-director of the Center for Economic and Policy Research, discusses his book FAILED: What the “Experts” Got Wrong about the Global Economy. The 20th century was a century of international economic growth. It witnessed the exponential rise of Latin American, African, Asian, and Middle Eastern economies, while growth in the established economies continued. Each region however also suffered various crisis after their booms. The vast majority of low- and middle-income countries suffered an economic slowdown in the last two decades of the 20th century. Yet Latin America has been able to achieve substantial poverty reduction in the 21st century after more than two decades without any progress. Mr. Weisbrot presents what he sees as the reasons for growth and what should be done to maintain it.