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Episode details

World Service,11 Jun 2013,17 mins

Rebuilding Dubai

Business Daily

Available for over a year

Back in 2008, Dubai's construction frenzy and crash offered an early warning for the other property bubbles and sovereign debt crises developing around the world. So, as Europe continues to struggle, why is the Gulf State building again? We hear from Sheikh Maktoum Hasher Al Maktoum, Executive Chairman of Dubai's leading investment bank, SHUAA Capital. Also in the programme, journalist Neil Irwin, author of a recent book The Alchemists: Three Central Bankers and a World on Fire. As unelected central bankers are granted ever greater control over the global economy, he wonders whether this is good or bad for democracy.

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