Thursday, June 23, 2011
Michael Spence on Charlie Rose…Spence will be in conversation with Jim Flanigan at the Drucker Business Forum on June 23…
The Next Convergence: The Future of Economic Growth in a Multispeed World
Michael Spence, winner of the Nobel Prize in Economic Sciences, is a Professor of Economics at the Stern School of Business at New York University, a senior fellow at the Hoover Institution, and was the chairman of the independent Commission on Growth and Development focused on growth in emerging economies April 2006 to June 2010 – the life of the Commission. He is Professor Emeritus of Management in the Graduate School of Business at Stanford, where he also served as dean from 1990-1999. In 2001, he received the Nobel Prize in Economic Sciences for work on markets with incomplete and asymmetric information.
Spence serves on the boards of Genpact and Mercadolibre, and a number of private companies. He is a member of the board of the Stanford Management Company, and the International Chamber of Commerce Research Foundation. He is a Senior Advisor to Oak Hill Investment Management and a consultant to PIMCO.
Spence tackles the profound challenges to sustaining economic growth in advanced and developing countries. With the British Industrial Revolution, part of the world’s population started to experience extraordinary economic growth—leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. This pattern of divergence reversed after World War II, and now we are midway through a century of high and accelerating growth in the developing world and a new convergence with the advanced countries—a trend that is set to reshape the world.
Spence explains what happened to cause this dramatic shift in the prospects of the five billion people who live in developing countries. The growth rates are extraordinary, and continuing them presents unprecedented challenges in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are great but little understood.
Spence describes what’s at stake for all of us as he looks ahead to how the global economy will develop over the next fifty years. The Next Convergence is certain to spark a heated debate over how best to move forward in the post-crisis period and reset the balance between national and international economic interests, and short-term fixes and long-term sustainability.
Forum: 8:30-9:30am followed by book signing
KPCC Crawford Family Forum
474 South Raymond Avenue
Tickets on sale on Jan 11
Tickets: $20, $35 includes book
Drucker Alumni and Students register here.
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The Drucker Business Forum is produced by The Peter F. Drucker and Masatoshi Ito Graduate School of Management at Claremont Graduate University. The series is co-presented by KPCC.