The video below from BBC’s Newsnight is an example of just some of the debates raging over the impacts of the recession on ’emerging economies’ and whether the notion of ‘decoupling’ still holds true in an increasingly globalised world. It argues that the impacts of the recession may be minimal for China and India when compared to the West and will neither exacerbate the crisis in the West nor will it help lift the West out of a crisis. However their global growth rates will improve how the global economy looks as a whole. It argues that the way in which the global economy is governed and how economies interact with one another will need to be significantly re-organised. The move from G8 to G10, including India and China is ‘long overdue’ and the balance of power is shifting. China and India and other emerging economies need to be better represented in the global economic system.Vodpod videos no longer available.

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