TURNAROUND in the Washington Post

BRICS Summit March 2013 Washington Post review by Jim Tankersley published online on March 26, 2013

“To grow, should U.S. look to Third World?”

EXCERPT: “[Peter Blair Henry’s] new book, Turnaround, straddles the developed and developing world. It reaches conclusions that run counter to a growing sense among many Americans that globalization has hurt the U.S. economy more than it has helped, especially for the middle class.

“Much of the book should please Republicans. Henry advocates reducing the federal deficit and reducing the ‘uncertainty’ that many business leaders and GOP lawmakers say is restraining growth. He also, in the interview, condemned ‘protectionist’ trade measures that the Obama administration and other developed countries have leveled at their emerging-market trading partners in recent years.

“But at times, Henry can sound more liberal. He warns against ‘eating our seed corn’ by cutting education, and he says, ‘Europe needs less austerity and more reform’ to liberalize its labor markets and encourage innovation.

“His fundamental point of view is a resounding belief that if developing countries can reverse a cycle of poverty and economic dysfunction and begin to grow rapidly, the United States can, too.”

Read the full article/review in the Washington Post

Photo credit: ELMOND JIYANE/AFP/GETTY IMAGES – Leaders from developing countries at the fifth BRICS summit in Durban, on March 26, 2013.