Apr 14

Past Event

Economic Growth Strategies for Developing Countries in an Era of Global Uncertainty



  • Lael Brainard

    Brainard says the Commission on Growth and Development’s paper looks at whether the growth strategies of China and India can be replicated in other developing nations.

    Lael Brainard

  • Robert E. Rubin

    With a host of new players and extenuating circumstances shaping the global economy, Rubin says our next president will need a new framework for dealing with this evolving issue.

  • Lawrence Summers

    Summers explains the two basic views to consider when examining the growth of emerging nations in the global economy.

  • A. Michael Spence

    Spence notes that developing countries can help advance their economies by addressing their carbon footprints.


Since 1950, only 12 countries have managed to grow at rates in excess of 7 percent for 25 years or more. Many more countries—in places as diverse as Latin America, Africa, and the Middle East—have managed high growth rates for shorter periods, only to see that growth falter. What have we learned about what drives growth? What hinders it? What should countries do to achieve a marked improvement in living standards? And, finally, how have the waves of financial crisis during the past 15 years (starting with Mexico in 1994) impacted opportunities for growth?

On April 14, The Hamilton Project at Brookings and the Commission on Growth & Development hosted a discussion on these and other questions on the role economic growth in reducing poverty in developing nations. Special attention was given to the impacts of recent financial market turmoil on global development. Former U.S. Treasury Secretary Robert E. Rubin, a member of the Hamilton Project Advisory Council and the Growth Commission, gave welcoming remarks. Nobel Laureate A. Michael Spence, chair of the Growth Commission, provided an overview of a new paper he co-authored with Mohamed A. El-Erian, “Growth Strategies and Dynamics: Insights from Country Experiences.” The paper examines the challenges faced by developing countries in promoting and sustaining economic growth, using China and India as case studies. A panel of Hamilton Project and Growth Commission experts discussed these growth challenges and proposed policy responses to help developing nations move forward in this era of global uncertainty. 
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Event Agenda

  • Welcome

    • Robert E. Rubin

      Citigroup Inc.

      Former U.S. Treasury Secretary

  • Opening Remarks

    • A. Michael Spence

      Growth Commission Chair

      Nobel Laureate and Professor Emeritus, Stanford University

  • Moderator

  • Roundtable Discussion

    • Han Duck-soo

      Former Prime Minister of South Korea

    • Danny Leipziger

      Growth Commission Vice-Chair

      Vice President, World Bank

    • Robert E. Rubin

      Citigroup Inc.

      Former U.S. Treasury Secretary

    • A. Michael Spence

      Growth Commission Chair

      Nobel Laureate and Professor Emeritus, Stanford University

    • Lawrence H. Summers

      Harvard University

      Former U.S. Treasury Secretary


April 14, 2008

10:00 AM - 12:00 PM EDT

The National Press Club

The National Press Club Ballroom

529 14th Street NW


For More Information

Brookings Office of Communications

(202) 797-6105