What Should We Look Out For in 2018?
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 2 January 2018
⏱️ 17 minutes
🧾️ Download transcript
Summary
We predict and discuss the biggest business and economic trends of the coming year. Have we failed at handling globalisation, and how can we deal with it in the coming year? The Nobel prize winner Joseph Stiglitz tells us how the global economy can thrive without the failings of globalisation which we have seen so far - and advises us on how to handle the increasing tendency towards interdependence between countries.
And the BBC's Rahul Tandon hears the woes of street market sellers in India. Hawkers sell their products at a much cheaper price than many other retailers - but at what cost to the country and society? We look at the role of the open market seller in an increasingly regulated economy.
Plus, we take a look at what's in store for global stock exchanges and industries with experts Stephanie Hare, an independent political risk analyst, and Gabriel Sterne from Oxford Economics.
(Image: Reflection of Jubilee Bridge and Central Business District of Singapore during dusk hour in a glass ball. Credit: Getty Images)
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello, I'm Ed Butler and welcome to Business Daily from the BBC. Today, a Nobel Prize winner says |
| 0:11.7 | we must fight to tackle the injustices of globalisation. We need a new social contract. We have to have |
| 0:19.2 | shared prosperity. If we do that, then there will be the kind of support for globalization and openness that you see in, say, the Nordic countries. |
| 0:29.0 | Also in the program, the Indian street traders and their daily battle with police to stay in business. |
| 0:35.4 | They're always asking for bribes taking all our money. |
| 0:38.6 | We're poor people. |
| 0:39.7 | We're just trying to make a living. |
| 0:41.7 | Where do you want us to go? |
| 0:43.7 | All that in Business Daily from the BBC. |
| 0:49.1 | Many of us today will be launching ourselves back on the first day at work after a new year break. |
| 0:54.9 | How does that feel for you, armed with new resolutions, perhaps new hopes for the year ahead? |
| 1:00.6 | But what will 2018 hold for you in economic terms? |
| 1:04.7 | 2017 was a bumper year for global stock markets, we're told. |
| 1:08.4 | The footsie and especially the Dow Jones hitting record highs. |
| 1:12.3 | Hong Kong rose by more than the third last year. But is that the basis for wider optimism? |
| 1:17.5 | Are there hidden icebergs threatening the good ship global economy for us all? |
| 1:23.0 | To read the tea leaves, I'm now joined by two market watches and global economic experts. |
| 1:28.1 | Gabriel Stern from Oxford Economics and the independent political risk analyst, Stephanie Hare. |
| 1:33.4 | Let's look at the markets, first of all, if we may. |
| 1:35.8 | A boom year in London, New York and Hong Kong, Gabriel. Why? |
| 1:40.6 | Well, I think the, obviously, central banks have had a role in this. |
| 1:44.8 | I think a very stable macro economy has probably been in the last year the bigger aspects. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.