A World Awash In Debt: What the U.S., Europe and their Chinese Enablers Need to Do to Refloat their Economies
October 18, 2012
Hosted by Té Revesz
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Episode Description
The world is awash in unsustainable levels of debt, says Charles Kolb, President of the French-American Foundation; and that debt is damaging the economies and stability of the US, Europe—and their enabler, China. All three need to seriously rethink their economic models and restructure tax and spending policies. With massive personal, mortgage and student debt, over-leveraged American consumers may no longer be able to drive that economy. The US needs to reconfigure a tax code which favors consumption over savings and productive investment. China needs to do the reverse; facing a series of internal riots, its model of citizen saving plus export-driven growth won’t be sustainable much longer. In France, with a huge debt:GDP ratio, alternately applying the accelerator and the brake isn’t working. If France wants to stay with the Euro, reduce unemployment and grow its economy, it needs to restructure its tax policies and labor rules. Tune in for Kolb's provocative policy prescriptions.
Global Reach
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We are all operating in a dynamic global marketplace, whether we reach across borders to find new customers and fresh ideas or face overseas competitors in our home market.
Global Reach embraces the opportunities and challenges we encounter when operating in multiple countries and cultures. We talk with entrepreneurs and executives about their strategies for winning in fast changing world markets: cross-cultural communication, global branding, media and marketing, transportation and manufacturing, the future of finance, alternative investment strategies, innovation and IP protection.
Global Reach interviews thought leaders about 21st century megatrends that impact international entities: trends like the business and politics of sustainability, the morphing nature of competitiveness, globalization, global companies vs national governments, worldview and growth prescriptions, emerging markets issues, and the corporate impact on society (governance, ethics and leadership).
Té Revesz
Té Revesz is known for her ability to conduct strategic research on a global basis and for her creativity in handling complex business challenges.
As principal of GlobalReach-SBI, a research and consulting firm with a network spanning over 60 countries, Té provides clients with strategic intelligence on market opportunities and threats. She covers such diverse areas as global branding, new product development, payment cards, clinical trials, and political risk. An expert in primary research, Té has interviewed business, government and labor leaders, doctors and technical experts—and managed focus groups—around the world. She was profiled in Super Searchers Go to the Source as one of the top US interviewers.
Prior to founding her own firm, Té headed the Industrial & Healthcare Practices of FIND's Strategic Consulting & Research Group and taught at the Zicklin School of Business (Baruch/CUNY). She was the Editor of Business International’s flagship newsletter and helped create its country risk service.
An NYC native, Té is active with Citizen Action, the URJ’s Commission on Social Action, and NY Neighbors for American Values (defending religious freedom, diversity and equality). She holds a Masters from Columbia’s School of International & Public Affairs and a BA from Goucher College. She’s an avid bike rider, theater buff and farmers market supporter—and the bemused owner of 2 demanding felines.
