Original version

BBC World Service Australasia

The Compass v2 Podcast

The Compass

Documentaries

Factual: Life Stories

With ideas too big for a single episode, The Compass presents mini-series about society

Surprising stories from unusual places. With ideas too big for a single episode, The Compass presents mini-series about the environment and politics, culture and society.

BBC World Service Online

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

BBC World Service Europe and the Middle East

BBC World Service South Asia

BBC World Service East Asia

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

The Compass: After the Crash: After the Crash: Austerity and Consequences

Factual

Austerity and Consequences

03/10/2018 GMT

After the Crash: Austerity and Consequences

After the Crash

BBC World Service - The Compass, After the Crash, After the Crash: Austerity and Consequences

Did Governments’ handling of the 2008 financial crisis make things better or worse?

Did Governments’ handling of the 2008 financial crisis make things better or worse? Ian Goldin explores in the second episode of this five part series.

Did Governments’ handling of the 2008 financial crisis – when some chose to implement austerity and some didn’t - make things better or worse? Ian Goldin, professor of Globalisation and Development at Oxford University, visits Illinois in the US to find out how people were affected by the collapse in the housing market. He also talks to Christine Lagarde – the head of the International Monetary Fund – about how austerity measures were implemented in Europe. And Ngozi Okonjo-Iweala, the former Minister of Finance in Nigeria, talks about how the crisis was felt in Africa. 

Presenter: Ian Goldin
Producer: Ben Carter

(Photo: Child with banner, Credit: Getty Images)

The Compass: After the Crash

Ian Goldin examines how the 2008 financial crisis has changed the world.

Ten years ago the world financial system had a heart attack. Gripped by panic, banks stopped lending, cash ran out and the world came to the edge of a financial precipice.

The impact was immediate. As millions of people lost their jobs and as the shock that started in Wall Street reverberated around the world, the crisis led to a collapse of the Greek, Spanish, Icelandic and other economies. 

Professor Ian Goldin has spent his career working in all five continents on finance and development. After serving as an economic advisor to President Mandela and CEO of the Development Bank of Southern Africa, he moved to Washington to be the head of policy and vice president at the World Bank in the run up to the crisis. In 2006, he was appointed as the founding Director of the Oxford Martin School and Professor of Globalisation and Development at Oxford University.

In this five part series he examines how the 2008 financial crisis has changed the world.

Accessibility links

Programme Index

The Compass

After the Crash

After the Crash: Austerity and Consequences

Genres

Formats

Brand

Series

BBC World Service Australasia

About BBC World Service