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Pastimes : The Hot Button Questions:- Money, Banks, & the Economy

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To: maceng2 who wrote (262)	6/1/2003 7:58:09 PM
From: maceng2	Read Replies (1) of 1417

Commanding Heights The Agony Of Reform Tue 3 Jun, 11:30 pm-12:30 am 60mins The inside story of our new global economy. Based on the best-selling book by Pulitzer Prize-winner Daniel Yergin and Joseph Stanislaw, the series chronicles the battle for economic power; the struggle between governments and markets around the world; the turmoil and upheavals of economic reform; the emergence of a new era of globalization; and the far-reaching debates about the shape of the world's economic future. Through remarkable interviews with world leaders and thinkers in twenty countries on five continents, the programme confronts critical issues that have defined the wealth and fate of nations and will shape our lives in the twenty-first century. Tonight's episode looks at how, from Bolivia and Peru to Poland and the former Eastern bloc, the free-market policies of Thatcher and Reagan are looked to as a possible blueprint for escape from stagnation and inflation. One by one, economies in crisis adopt "shock therapy", a rapid conversion to free-market capitalism. As the command economies totter and collapse, privatization transfers economic power back into entrepreneurial hands, and whole societies go through wrenching change. For some the demands and opportunities of the market provide a longed for liberation. Others, lacking the means to adapt, see their security and livelihood swept away. While global wealth expands, its unequal distribution increases, and economic regeneration exacts a high human price. This episode includes interviews with former Polish President Lech Walesa, President of Bolivia Gonzalo "Goni" Sanchez De Losada, President of Chile Ricardo Lagos, and world renowned economists Milton Friedman and Jeffrey Sachs.

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