Safely reducing debt and clearing the way for economic growth in the aftermath of the global credit bubble will take many years and involve difficult choices, as MGI's 2010 report showed. Two years later, major economies have only just begun deleveraging. In only three of the largest mature economies-the United States, Australia, and South Korea- has the ratio of total debt relative to GDP fallen. The private sector leads in debt reduction, and government debt has continued to rise, due to recession. However, history shows that, under the right conditions, private-sector deleveraging leads to renewed economic growth and then public-sector debt reduction.

La crisis financiera mundial que comenzó en 2008 ha marcado el inicio de una nueva época en la economía global. Durante los últimos años se han editado decenas de libros que tratan de explicar qué es lo que está pasando con nuestras economías y el cine no podría ser ajeno a esta corriente. A continuación detallamos once de los mejores documentales realizados sobre la crisis financiera global y sus consecuencias. Si bien los planteamientos de algunos de estos films son discutibles, todos ellos tienen interés.

Recent statistics indicate that home prices and sales are softening. And these trends are in line with the Chinese government's aim to control inflation and property prices. In this CreditMatters TV segment, Standard & Poor's Director Chris Lee, Corporate Ratings, provides an in-depth look at the recent developments in the country's property market and what could lie ahead for this major segment of the Chinese economy.

Nearly ten years ago, Jim O'Neill coined the acronym BRICs-standing for Brazil, Russia, India, and China-to represent the four emerging economies with a potentially vast influence on the global economy. In 2005, Goldman Sachs introduced the concept of the "Next 11" ("N-11") as a simple description to bracket the eleven most populous countries beyond the BRICs and to see if they, collectively or individually, might have BRIC-like potential. In 2011, most of the positive momentum behind the world economy is being driven by the majority of these 15 countries. To describe many of these countries as "Emerging Markets" no longer seems appropriate.

Economic power is clearly moving east. According to the International Monetary Fund, GDP is expected to grow within the BRIC countries 61.3 percent between 2008 and 2012, compared with just 12.8 percent for the G7 nations. Today, global consumption patterns clearly favor developing markets and in Russia, the growth potential is tremendous. But Russia is unique, holding so many characteristics that are more aligned with developed markets, high disposable income, high brand awareness and penetration of new technologies. This dual developed and developing markets landscape is a great opportunity for consumer goods and technology companies.

The price of oil has had an unnerving ability to blow up the world economy, and the Middle East has often provided the spark. The Arab oil embargo of 1973, the Iranian revolution in 1978-79 and Saddam Hussein's invasion of Kuwait in 1990 are all painful reminders of how the region's combustible mix of geopolitics and geology can wreak havoc. With protests cascading across Arabia, is the world in for another oil shock?

The economic downturn forced many financial institutions to face serious questions about their debt portfolios. While tackling significant loan challenges, some of these institutions have also had to deal with the added pressures of new industry regulations and investor expectations.

The Economist Intelligence Unit looks at what will drive growth in 2011.

David O'Sullivan, Director General for Trade at the European Commission, talks to Viv Davies about the issues and challenges in setting the direction for future EU trade policy.

Raghuram Rajan of the University of Chicago talks to Romesh Vaitilingam about his new book ‘Fault Lines', in which he outlines the deep systemic problems in the world economy that threaten further financial crises - high US inequality, patched over by easy credit; excessive stimulus to sustain job creation in times of downturn; and the choices of Germany, Japan, and China to focus on export-led growth rather than domestic consumption. The interview was recorded in London in July 2010.

Nouriel Roubini es profesor de economía por la Stern School of Business, conocido con el sobrenombre de Dr. Doom (Perdición) por haber predicho en 2006 la crisis financiera. Michael Milken, fue considerado el rey de los bonos basura a mediados de los 80 principios de los 90. Después de pasar 2 años en prisión (acusado de fraude y uso de información privilegiada entre otros) y superar un cáncer de próstata, se ha dedicado a la filantropía creando el prestigios Milken Institute.

Recently released data of an estimated 5% drop in German GDP in 2009 underscores the fragility of Germany and Europe's fledgling recovery. Implying flat growth in the fourth quarter in Europe's largest economy, following a 0.7% advance in the preceding three months, the flash estimate corroborates our forecasts for subtrend growth in Europe in the next 12 to 18 months.

Tras un 2009 profundamente marcado por la crisis financiera, ¿cuál será la situación durante el año que ahora empieza? ¿Qué retos deberán afrontar los profesionales y qué opciones tienen para solucionarlos? 10 profesores del IESE, directores de los departamentos académicos en los que trabajan, responden a estas preguntas.

This public discussion marks the publication of Guy Verhofstadt's latest book The Financial Crisis: How Europe can Save the World.

Los directores financieros siguen en la misma senda pesimista que en la anterior encuesta. Después de tres meses, el 92% continúa evaluando la actual situación económica de mala o muy mala, retrasan la recuperación a 2011 y consideran las medidas del Gobierno menos efectivas que entonces.

Freakonomics was a worldwide sensation, selling 4 million copies in 35 languages. Now, four years in the making, arrives the follow up: SuperFreakonomics. Steve Levitt and Stephen Dubner return with a book that is even bolder, funnier, and more surprising than the first. Freakonomics made the world safe to discuss the economics of crack cocaine and the impact of baby names.

When and where does Gartner see growth returning? It's the question on everyone's mind and in this podcast, analyst Laura McLellan talks about the type of growth - geographically and vertically - we can expect in all regions of the globe supported by Gartner forecasts.

The financial upheavals of the past two years have occurred against the background of a decade of crisis in global capitalism. The neo-liberal model has collapsed. What comes next, and what are the geopolitical implications? John Gray is emeritus professor at LSE and author of Gray's Anatomy: selected writings and False Dawn: delusions of global capitalism. This event is supported by the LSE Annual Fund.

The new economic landscape will be grim unless policymakers act to foster growth

La crisis económica ha sido tan profunda y ha tenido tantos análisis de todo tipo, que hoy la mayoría de las personas ni siquiera saben en qué punto del proceso está el mundo ni si deben sentirse aliviados o preocupados; algunos expertos dicen que ya se ven varios elementos de recuperación y otros dicen que es mucho lo que falta para empezar a ver signos positivos.

El profesor del IESE Eduardo Ballarín y la investigadora asociada Maria Luisa Blázquez son el socio español del World Economic Forum para la elaboración del Informe de Competitividad Mundial. En la edición de 2008 de este informe España ocupa el lugar 29. Para entender qué implicaciones tiene esta posición para nuestro país y cuáles son las principales ...