Debt Crisis in Dubai
Financial crisis in Dubai. The United Arab Emirates tries to calm global markets after Dubai's chief investment arm, Dubai World, asks for a delay in paying on its huge debt. Implications for the world economy?
resident fellow, American Enterprise Institute.
senior fellow, Peterson Institute for International Economics; former assistant secretary of the US Treasury for International Affairs (December 1998 to January 2001), and former director of the Division of International Finance for the Federal Reserve's Board of Governors (1977 to 1998).
author, "City of Gold: Dubai and the Dream of Capitalism," and journalist based in Dubai from 2005-2009.