19/08/2011 GMT

Growth is good - that's a basic economic assumption shared the world over, but is it always true?

Is it possible, or desirable, for the new giants of the world economy China and India to grow their economies until they reach American levels of consumption?

Stephen Sackur is joined by Chandran Nair, founder of the Global Institute for Tomorrow and Raghuram Rajan, former IMF economist and now an economic adviser to the Indian prime minister to discuss if free market capitalism will make or break Asia.