Speaker: Hernando de Soto Presider: Jeffrey R. Shafer
Hernando De Soto discusses his work with designing and implementing capital formation programs to empower the poor in the developing world. His research within the Institute for Liberty and Democracy (ILD)has given rise to the question: "What's the DNA of market development?" and to the conclusion that national legislation is the reason globalization works for some but not for others.
In light of the recent turmoil in the foreign exchange markets, Benn Steil condenses the arguments of his recent Foreign Affairs article, 'The End of National Currency,' for Canada's leading financial daily.
Many are viewing the UAW-GM strike as Exhibit A for how globalization damages America . Matthew Slaughter argues that America ’s automobile industry is a prime example of the aggregate gains generated by the dynamic and interrelated forces of trade, investment and technological change. He questions how the presidential contenders will craft an American economic policy that both allows greater globalization and also spreads its gains as widely as possible.
In the Spring/Summer 2007 issue of The Cato Journal, Benn Steil writes on "Federal Reserve Policy in the Face of Crisis." He argues that the global monetary order of national fiat currencies represents the greatest threat to globalization.
Globalization has brought huge overall benefits, but earnings for most U.S. workers -- even those with college degrees -- have been falling recently; inequality is greater now than at any other time in the last 70 years. Whatever the cause, the result has been a surge in protectionism. To save globalization, policymakers must spread its gains more widely. The best way to do that is by redistributing income.
In the Spring/Summer 2007 issue of The Cato Journal, Peter Kenen claims that the United States has become the largest single beneficiary of financial globalization, and we may have to pay a high price for that privilege.
Watch experts discuss broader global economic trends, such as the global labor market, China's changing role in the world economy, and the backlash against globalization, in this special edition of the Council's signature World Economic Update Series.
Listen to experts discuss broader global economic trends, such as the global labor market, China's changing role in the world economy, and the backlash against globalization, in this special edition of the Council's signature World Economic Update Series.