Achieving strong economic growth
Past Event
Achieving strong economic growth
Achieving strong economic growth

Opening keynote by Jason Furman

Global growth: Can productivity save the day in an aging world?
Productivity growth in the United States slowed sharply around 2005, which has contributed to slow growth in wages and downward revisions to estimates of long run economic growth. The global economy has grown incredibly fast since 1950, with global GDP expanding six-fold and average per capita income nearly tripling. A larger workforce and increased productivity spurred this growth. However, the global workforce is expected to grow more slowly over the coming years, and peak in size around 2050. If strong economic growth is to be achieved, in both the United States and globally, productivity must increase strongly.
On Wednesday, April 8, the Initiative on Business and Public Policy hosted an event exploring these and related issues. The event featured keynote remarks by Jason Furman, Chairman of the Council of Economic Advisers, and Alan Greenspan, former Chairman of the Federal Reserve Board. James Manyika and Jaana Remes of the McKinsey Global Institute considered the potential for faster global productivity growth. Marco Annunziata of General Electric will gave his perspective, and Martin Baily looked at explanations for slow growth in the U.S. economy.
Agenda
Welcome
Martin Neil Baily
Senior Fellow Emeritus - Economic Studies, Center on Regulation and Markets
Opening Keynote
Jason Furman
Former Brookings Expert
Aetna Professor of the Practice of Economic Policy - Harvard University
Nonresident Senior Fellow - Peterson Institute for International Economics
Global growth: Can productivity save the day in an aging world?
Homi Kharas
Senior Fellow - Global Economy and Development, Center for Sustainable Development
Martin Neil Baily
Senior Fellow Emeritus - Economic Studies, Center on Regulation and Markets
Marco Annunziata
Chief Economist and Executive Director of Global Market Insight - General Electric Co.
Jaana Remes
Former Nonresident Senior Fellow - Metropolitan Policy Program
Partner - McKinsey Global Institute
Closing Keynote
Alan Greenspan
President - Greenspan Associates
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