Global economic growth in a multi-speed world will the subject of the next Drucker Business Forum on Thursday, June 23, with Michael Spence, professor of economics at NYU's Stern School of Business, in conversation with former LAT columnist James Flanigan. Spence received the Nobel Prize in Economic Sciences for work on markets. From Drucker's scene-setter:
Spence tackles the profound challenges to sustaining economic growth in advanced and developing countries. With the British Industrial Revolution, part of the world's population started to experience extraordinary economic growth--leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. This pattern of divergence reversed after World War II, and now we are midway through a century of high and accelerating growth in the developing world and a new convergence with the advanced countries--a trend that is set to reshape the world.
Forum will be at the KPCC Crawford Family Forum (474 South Raymond Avenue in Pasadena). Breakfast is from 7:45-8:30 a.m., followed by the forum from 8:30-9:30. If you would like tickets, click here.