Joint presentation of the Governance and Economics Thematic Groups
Synopsis – Inequality and perception of indifferent elites have led to a political backlash on a broad scale in the USA and UK. Unfortunately, there has been a dearth of practical ways to level out the concentrations of income and even wealth in the Anglo-American world since 1980. Populist anger is rising as, despite a litany of promises, little in the realm of public policy has been done to address these issues. A serious effort to quell populist anger and offer genuine hope, rather than more hatred and self-pity, will inevitably require broad-based programs involving both public sector initiatives and private sector involvement (and perhaps funded at New Deal magnitudes). 1818 members Richard Burcroff and Paul Ballard have analyzed the causes and remedies in a recent paper and will present the highlights at the seminar. Click here to read the paper.
Chair: Norman Hicks
Discussant: Kevin Cleaver
Richard Burcroff joined the Asian Development Bank as an economist in 1974, thence the World Bank in 1979 until 1997. At the Bank, he was involved in structural adjustment lending operations and country economic studies, agriculture-sector adjustment lending operations to Turkey and China, and ARD-type sector studies in economies in transition. After retirement in 1997, he participated in several economic and pre-investment studies for the Bank’s ECA Region, IEG, FAO, ADB, DfID, and USAID. Richard earned his Ph.D. at the University of Washington, followed by post-doctoral studies at Yale.
Paul Ballard worked at the Bank (1976-2002) on trade policy and private-sector development as an economist, and on development banking and financial-sector restructuring as a financial specialist. In these areas, he managed lending operations and policy reforms design for adjustment programs. In 2004-11, Paul founded a small boutique venture advisory firm called WAVE focused on China. Paul has worked in Europe, the U.S.A., Asia and Latin America. He graduated from Oxford and Columbia Universities.