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Audio Interview

Debts, deficits and downturns: the global economy in an era of American tariffs

Published on May 21, 2025   43 min

Other Talks in the Playlist: Interviews with business leaders and scholars

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Interviewer: Today, I'm interviewing Dr. Desmond Lachman, Senior Fellow, American Enterprise Institute, USA, on his article published on 21st of March, 2025 in Project Syndicate titled "America Looks Like a Troubled Emerging Market Economy". Before the AEI, Dr. Lachman served as a Managing Director and Chief Emerging Market Economic Strategist at Salomon Smith Barney and Deputy Director in the International Monetary Fund's policy development and review department. A link to Dr. Lachman's article accompanies this interview. Listeners are expected to have read the article before listening. Dr. Lachman, thank you for sparing the time. For context, I record that this interview is taking place on 9th of April, 2025. We are in the midst of market turmoil. The obvious question, having read your article is, what is to be done? Not what the US government should do, but what should others do, assuming the administration does not change track? Dr. Lachman: Thank you very much for inviting me. There's quite a lot that other countries should be doing right now to deal with the turmoil that is going on. What is occurring is that the United States is now following policies that make very little economic sense, and looks as if they're heading the world towards

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Debts, deficits and downturns: the global economy in an era of American tariffs

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