OECD's Gurria Says Inequality Not Due to Globalization

The video discusses the role of major global meetings in addressing economic issues, focusing on inclusive growth and inequality. It examines the impact of globalization and trade, emphasizing the need for balanced trade policies. The discussion includes the challenges faced by Greece in managing its debt and the importance of strategic economic planning.

What is the primary purpose of international meetings among the largest economies?

• To compete with other economies

• To build consensus and push agendas

• To make binding decisions

• To resolve all global issues

What is often incorrectly blamed for increasing global inequality?

• Globalization

• Technological advancements

• Local policies

• Cultural differences

Which of the following is NOT a focus of the debate on trade?

• Fair trade

• Monopolistic trade

• Free trade

• Balanced trade

What is essential for achieving balanced trade according to the discussion?

• Rules-based trade

• Subsidies

• Currency manipulation

• Protectionism

What is a significant challenge for Greece's economy?

• Excessive private investment

• Overpopulation

• High public debt

• Lack of natural resources

What type of debt is Greece primarily dealing with?

• Public debt

• Bonded debt

• Private debt

• Corporate debt

What is the role of international experts in the context of Greece's economic situation?

• To manage Greece's economy

• To impose strict regulations

• To provide insights on inclusive growth

• To negotiate debt terms