Wednesday, January 17, 2018

A Better Globalization

Kemal Derviş

Why do some countries grow faster than others? Can Turkey's model of fast and sustained growth be transplanted to the Arab World? What role can macroeconomic management play in helping to resolve economic crises?How - and how much - should the United States and other powers seek to promote stability and growth in volatile regions like South Asia, Central Africa, and the Middle East?

Nowadays, one country's troubles can - and frequently do - alter conditions far and wide. So how globalization evolves holds enormous implications for developed and developing countries alike, posing political, economic, and environmental challenges that leave almost no one unaffected. But, in today's hyper-competitive and highly specialized world, it has become nearly impossible to grasp globalization's immense complexity, much less do very much to shape its course.

Kemal Derviş is one of the few who can. A former head of the United Nations Development Program and current Vice President of the Brookings Institution and Director of its Global Economy and Development program, Kemal Derviş has informed and shaped global development policy throughout his career. As Turkey's finance minister, he introduced the bold reforms that have enabled a decade of rapid economic growth. And, as head of the UNDP, he pioneered the Arab Human Development Reports, the most comprehensive analysis of Arab societies ever undertaken.

In his monthly column, A Better Globalization, written exclusively for Project Syndicate, Kemal Derviş uses his vast experience as an economist, government minister, and world leader on development issues to reveal crucial relationships between seemingly disparate problems, ranging from climate change to terrorism. But Kemal Derviş goes further, not only discerning the world's most pressing issues in fresh and insightful ways, but also marking the path to greater global prosperity and fairness.

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