OECD's Gurria on Lehman Collapse, Trade, Inequality

The video discusses the resilience of the global financial system post-crisis, highlighting progress in capitalization and regulation. It emphasizes the importance of multilateralism in addressing global challenges like trade and climate change. The discussion also covers economic inequality and the loss of trust in institutions, stressing the need for inclusive growth and international cooperation.

What progress has been made in the global financial system since the crisis?

• No change in bank capitalization or regulation

• Increased bank capitalization and better regulation

• Decreased bank capitalization and less regulation

• Increased bank capitalization but less regulation

Why is multilateralism considered essential in addressing global challenges?

• It avoids the need for international cooperation

• It is cheaper than unilateral approaches

• It ensures long-lasting solutions through shared ownership

• It allows for faster decision-making

What is the impact of US-China tensions on global markets?

• They have no significant impact

• They increase global market stability

• They raise uncertainty and affect consumer and investment decisions

• They only affect the US and China

What is a key factor in reducing tensions between the US and China?

• Continuous dialogue and communication

• Increasing tariffs

• Focusing on unilateral measures

• Reducing communication

What are some of the legacies of the financial crisis?

• High growth and job creation

• Decreased inequalities

• Low growth, job destruction, and growing inequalities

• Stable economic conditions

How can trust in international institutions be restored post-crisis?

• By focusing solely on national interests

• Through increased multilateral cooperation and inclusiveness

• By ignoring multilateral approaches

• By reducing international dialogue

What is a major challenge in addressing global inequalities?

• Too much focus on inclusiveness

• Over-regulation of financial markets

• Excessive job creation

• Lack of international cooperation