Society & Culture
The global economy is experiencing a downturn like never before and there are lots of signs that hint a depression similar to the one in the 1930s. In today’s conversation, I speak with Ali Termos, who is a Finance Professor in AUBG and is also known for contributing to the strategic and impactful studies funded by the World Bank and the EU on economic development in Lebanon. During our conversation, we cover topics like the flaws of the financial system and the circumstances that led to the crisis, the consequences of the crisis and what can we expect in the future. The vicious cycle of economic downturn, government, and corporate reactions, what’s the most efficient channel to allow the money into the market in a way that we survive the crisis, the major debates countries face - one of them being supporting wall street (meaning businesses) vs main street (meaning the public); the need for global collaboration - the possibility of a global digital currency, the economies of the future and measures taken in Bulgaria.