Peter Blair Henry: Economic Lessons from the Third World

Speaker: Peter Blair Henry, Dean, Leonard N. Stern School of Business, New York University http://www.worldaffairs.org/speakers/profile/peter-blair-henry.html Moderator: James Manyika, Trustee, World Affairs Council http://www.worldaffairs.org/speakers/profile/james-manyika.html The US and the other large economies of the world have been on a fragile interconnected path to recovery for over four years and the stakes are higher than ever to sustain growth. According to economist Peter Blair Henry, answers to sustained growth and fiscal prosperity can be found in the fiscal policies of former Third World nations over the last twenty years. By analyzing income disparities in the Caribbean, "catch-up" economics from China and the wrangling of inflation in Latin America the answer comes down to developing fiscal policies that reflect prudence and self-control. Backed up by objective market analysis, Henry will discuss the prospects for long term prosperity in the First World thanks to the lessons of fiscal discipline from the Third World. Help us caption & translate this video! http://amara.org/v/CQHv/