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Business Daily: Margaret Thatcher's economic legacy

Former British Prime Minister Baroness Thatcher

09/04/2013

Margaret Thatcher's economic legacy

BBC World Service - Business Daily, Margaret Thatcher's economic legacy

Margaret Thatcher was a towering international figure but what is her economic legacy?

There is no question that Margaret Thatcher was a towering international figure but what is her lasting economic legacy?

Business Daily explores the economic legacy of one of the most important - and divisive - politicians of the post war period, Margaret Thatcher. She is credited with pioneering free market economics, redefining the role of the state, deregulating the financial markets. But, 30 years on, how much of what became known as "Thatcherism" lives on? 

The BBC's chief economics correspondent tells us what made Mrs Thatcher's economic policies so distinctive. We hear form one of Margaret Thatcher's top advisors about why he thinks almost every country on earth owes a debt to her. And, Larry Summers, US Treasury Secretary under Bill Clinton tells Justin Rowlatt why - although aspects of her policies inspired him - he doesn't think Thatcherism is a template that can be applied in all places, at all times.

(Image: Former British Prime Minister Baroness Thatcher holding a commemorative coin. Credit: ADRIAN DENNIS/AFP/Getty Images)

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