Has the rapidly expanding Gulf learnt the lessons of the past?

Part 1, May 14: How is the credit squeeze hitting the Gulf? are the region's economies diverse enough? is the declining dollar affecting economic policy? Lionel Barber, Financial Times editor, chairs a breakfast debate in Abu Dhabi on the Gulf economy, its expansion and relations with the rest of the world. His panel includes Sheikha Lubna al-Qasimi, UAE foreign trade minister, Khaldoon al-Mubarak, chief executive of Mubadala, a government investment company, and Luca di Montezemolo, chairman of Ferrari. The debate was recorded on April 29th 2008.