Economic growth remains the engine of human prosperity. From 1990 to 2010, rising incomes lifted nearly 1 billion people out of absolute poverty— defined as living on less than $1.25 a day. In 1990, 36 percent of the world's population lived in such dire straits; by 2010, the figure was down to 18 percent.
Less growth portends trouble, too. The world economy has not expanded by more than 3 percent since 2011. Under such conditions, ending abject poverty altogether (some 1 billion people remain stuck in it) becomes more difficult, as does tackling rich-world woes—from high youth unemployment to the widespread anti-establishment sentiment exemplified by Donald Trump's rise and the U.K.'s "Brexit" debate.
For these reasons, argues renowned author and economist Dambisa Moyo, reigniting global economic growth has emerged as the defining challenge of our time—well ahead of terrorism, disease, refugees, and environmental ills. Please join us for an MI lunch lecture as Dr. Moyo prescribes her policy cures for the world's ailing economy.
Dambisa Moyo is a New York Times best-selling author, a contributing editor to CNBC, and serves on the board of directors of Barclays Bank, SABMiller, Barrick Gold, and Seagate Technology. In 2009, she was named to TIME's "100 Most Influential People in the World" list. Moyo holds a B.A. in chemistry and an M.B.A. in finance from American University, an M.P.A. from Harvard University, and a Ph.D. in economics from Oxford University.