Date: Monday, July 21st, 2014
Time: 1:00 p.m. - 2:00 p.m. ET (17:00 – 18:00 GMT or convert time)
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Five years after the outbreak of the global financial crisis, creating and sustaining economic growth remains one of the most significant policy challenges in the U.S. and internationally. In his talk, Jason Furman will outline the key steps in the U.S. growth strategy and consider what he describes as “the ultimate test of economic performance” — ensuring that the benefits of growth are broadly shared.
About the DEC Lecture Series: The Development Economics Vice Presidency (DEC) launched its lecture series in April 2005 to bring distinguished academics to the Bank to present and discuss new knowledge on development. The purpose of the Lecture Series is to introduce ideas on cutting edge research, challenge and contribute to the Bank's intellectual climate, and reexamine current development theories and practices. The Lectures revisit issues of long-standing concern and explore emerging issues that promise to be central to future development discourse. The Lecture Series reflects DEC's commitment to intellectual leadership and openness in embracing future challenges to reduce poverty.
Read what others are asking
Chairman Furman : We observe steadily emerging new economy,'robotic economy', that is least human's interest centred and its consequential impact can be enormous.
How prepared is Federal government in confronting this trend? And why is this new trend allowed to take a random permeation than planned and calculated economic design?
Martin Atayo,- Technologist/CEO
More people driving more cars, generating more junk food packaging waste and lowering water table further...this is the growth story in India. Why only inclusive growth and not sustainable growth?
Dr. Ashish Manohar Urkude
If it's called inclusive growth/ economy in case of USA, then, why it fails every now and then, was the obvious question I faced in the classes of international marketing I took. Once, I got tired of answering all the questions with all relevant economics and commerce and management answers. The class lasted for more than 5 hours. Students point was, "If the economy is inclusive and good and favorable to all, then it must be sustained by the people, and for the people". Thus, also, students felt that, only those economies go down, which are anti-masses and favorable to classes, and one of them was USA economy..... Your expert comment/s on these questions will be really welcome by the new generation students and citizens around the world.
Dear Furman, This is Tigist from Ethiopia, first I thank you for sharing your experience. As you may know, Ethiopia is currently one of the countries who registering fast economic growth. And I always wonder how can Ethiopia start early to address the issue of inclusive economic growth, especially not to see beggars )( especially, child beggars) in the street, if we say inclusive economic growth, does it include these beggars? if so what can we do, sorry it may be naive to think this way, Can you please discuss this in line with US experience in the issue and again It confused me that, recently I heard that the percentage of poor in US is increasing, what do you think the explanation for this with the policies of US to make economic growth inclusive , what makes US fail and as a result the number of poor increase. Thank you
Nowadays we see that the world structure is changing under certain political influence and events. Some countries are getting reacher, some countries poorer. Some countries influence another vis economic and political instruments. Inequality is rising.
In these unstable conditions, how do you see the US inclusive growth strategy will influence the rest of the world?
Taking into account that growth strategy in one country may negatively impact other countries, do you think there is a necessity for global powerful economics to assess their economic policies impact on another countries in order to promote global benefits from growth?