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Policy makers, development experts and academics gathered at the Harvard Kennedy School in late October to develop “Trillion Dollar Ideas to Build Prosperity,” which was the theme for this year’s Global Empowerment Meeting (GEM12), sponsored by the Center for International Development(CID).
The fifth in a series, GEM12 continued last year’s discussions on new strategies for accelerating growth and unlocking the economic potential of developing countries. It offered a platform for engaging new ideas while promoting direct interaction between those who create the ideas, and the implementers and supporters necessary to give the concepts “legs.”
Meeting topics ranged from “Building a State Capability: The PDIA Approach,” to “Emotion, Reason and Moral Progress.” Each expert presented a synopsis of their ideas and the sessions concluded with an open discussion between panelists and audience members.
Ricardo Hausmann, professor of the practice of economic development and CID director, analyzed the structure and dynamics of international development assistance as part of a discussion on "The Role of Networks in Building Prosperity."
“We went from a world that has very few sovereign states to a world that has many sovereign states. So this inequality between the regions of the world implied inequality across sovereigns. It implied an international governance relationship,” said Hausmann.
Lawrence Summers, Charles W. Eliot University Professor and former secretary of U.S. Treasury, talked about prospects for developing countries in a changing world.
“If the global economy grows, there’s only so much of a variety of commodities and rising demand is likely to increase the value of those commodities," he said. "I would be surprised if developing countries as a group did not enjoy more rapid growth than industrial countries as a group for the next several decades.”
For more on GEM12 visit the Center for International Development GEM12 website.
Pictured (from L to R): Ricardo Hausmann, professor of the practice of economic development and CID director and Lawrence Summers, Charles W. Eliot University Professor and former secretary of U.S. Treasury.