Tea and Austerity: London visit

Tea and Austerity collage04 September 2013 — Those who know me, know that I like a good cup of tea. Those who’ve read or heard me talk about Turnaround know that I care somewhat less for austerity. Soon I’ll be arriving in London, where I look forward to drinking copious amounts of the former and discussing the latter.

While the primary purpose behind my visit is to celebrate the achievements of a new graduating class of TRIUM Global Executive MBAs—visionary business leaders who have completed a rigorous, international curriculum through NYU Stern, the London School of Economics (LSE), and the HEC School of Management in Paris—I am also honored to have the opportunity to share insights from Turnaround: Third World Lessons for First World Growth at two special events, both on Thursday, September 5.

The time could not be better for confronting the issues addressed in Turnaround. With so many questioning the future of the BRIC nations, and with the IMF calling for a reassessment of austerity and British fiscal policy, it’s clear that changes are needed now to renew prosperity and increase trust and global policy coordination between developed and developing nations. In private and public talks this week, I hope to present a compelling case for the idea that prosperity is not a zero-sum game, and that there is a way to sidestep ideology and focus on facts to determine which economic policies actually foster the kind of long-term economic health we desperately need.

If you find yourself in London on Thursday, I hope to see you at one of the below events. Or, from afar, I encourage you to join the conversation via Twitter (see LSE event below for the hashtag).

Henry Jackson Initiative: meeting before Parliament

1-2pm, House of Commons, London

By kind invitation of David Ruffley MP, the Henry Jackson Initiative presents this speaking engagement before Members of Parliament. Key insights from Turnaround: Third World Lessons for First World Growth will be presented. The Henry Jackson Initiative is a non-profit, non-partisan initiative that seeks solutions to dislocations caused by developments in capitalism over the past 30 years and exacerbated by the financial crisis of 2008. The Initiative is an outgrowth of the Henry Jackson Society, named for the former Democratic United States Senator from Washington, Henry “Scoop” Jackson (1912-1983).

LSE: TRIUM and Dept. of Management public lecture

6:30-8pm, London School of Economics: Sheikh Zayed Theatre

This lecture is free and open to all, no ticket required (entry is on a first come, first served basis). Thirty years ago, China seemed hopelessly mired in poverty, Mexico triggered the Third World Debt Crisis, and Brazil suffered under hyperinflation. Since then, these and other developing countries have turned themselves around, while First World nations have been battered by crises and crippled by austerity. With the global economy teetering on the brink, stakes are now higher than ever. In much of the emerging world the policy pendulum has been swinging toward prudence and self-­control. With similar discipline and a dash of humility, the so-called First World may yet recover and create long-­term prosperity for all citizens.

FOR TWITTER USERS: Follow this event and join the conversation at #LSEturnaround