12:00—2:00 PM
Cato Institute

Two Views on Global Development: Revive the Invisible Hand or Strengthen a "Society of States"? (Cato Institute)

CGD non-resident fellow Ethan Kapstein, author of the new book Economic Justice in an Unfair World, will debate the future of global development with Deepak Lal, University of California at Los Angeles, at this event hosted by the Cato Institute. For more information and to register please visit Cato's event page.


The current era of globalization is only a partial return to a liberal economic order. Renowned development economist Deepak Lal will explain why minimal government intervention, free trade, free capital flows, and the abolition of international organizations such as the World Bank offer the best path for growth and healthy international relations. In his view, attempts to ameliorate the impact of the market threaten global economic progress and stability. Ethan Kapstein believes that countries will shape their own destinies only in an international system that emphasizes the central role of states and the diverse social contracts they represent. Can these two views be reconciled?


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