After the Crash: Austerity and Consequences
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)
Last on
Broadcasts
- Wed 3 Oct 201802:32GMTBBC World Service Online, Americas and the Caribbean, UK DAB/Freeview, West and Central Africa & Europe and the Middle East only
- Wed 3 Oct 201803:32GMTBBC World Service South Asia & East Asia only
- Wed 3 Oct 201804:32GMTBBC World Service Australasia
- Wed 3 Oct 201812:32GMTBBC World Service except News Internet
- Wed 3 Oct 201821:06GMTBBC World Service except News Internet
- Sun 7 Oct 201809:32GMTBBC World Service except News Internet
Podcast
![]()
The Compass
With ideas too big for a single episode, The Compass presents mini-series about society


