Bank of England governor Mark Carney makes globalisation warning

The video discusses the political and economic upheavals of 2016, including Brexit and the rise of populism. It highlights the UK's economic challenges, such as weak productivity and stagnant wages, and provides historical context on income growth. The video explores inequality and suggests solutions like wealth redistribution and skepticism towards free trade. It also discusses future economic opportunities through globalization and technological advancements, emphasizing the need for supportive trade policies.

What was one of the main reasons given by the Bank of England governor for the current economic challenges?

• High inflation rates

• Weak productivity

• Strong currency value

• Excessive government spending

What historical period is mentioned as the last time real income growth was in negative territory?

• The 1990s

• The 1950s

• The 1860s

• The 1920s

Which of the following is NOT mentioned as a proposed solution to economic inequality?

• Clampdown on tax-avoiding businesses

• More redistribution of wealth

• Increased skepticism about free trade

• Reduction in government spending

What technological advancement is highlighted as a potential driver for future economic growth?

• Electric vehicles

• Artificial intelligence

• 3D printing

• Blockchain technology

What is suggested as a beneficial trade policy for small businesses?

• Subsidies for large corporations

• Increased tariffs

• Special free trade deals

• Higher import duties