Complete video at: http://fora.tv/2009/01/30/Advice_to_the_US_President_on_Competitiveness Newscorp CEO Rupert Murdoch champions the open market and cautions against the "very dangerous move...towards protectionism" among international economies. "Open markets have benefited everybody, rich and poor alike," Murdoch argues. ----- According to research by the International Monetary Fund, recessions following financial crises driven by a collapse in housing prices are historically more severe than those of a cyclical nature. How can the new administration ensure that the US retains its competitive edge in the midst of a deep downturn in housing prices and a dramatic fall in consumer spending? - World Economic Forum Rupert Murdoch is an Australian-American global media mogul. He is the major shareholder, chairman and managing director of News Corporation. Beginning with newspapers, magazines and television stations in his native Australia, Murdoch expanded News Corp into the UK, US and Asian media markets. In recent years has become a leading investor in satellite television, the film industry, the Internet and media. News Corp is based in New York.
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