Invite you to a seminar on
Globalization's Impact on Labor and Capital
Why should the development community concern itself with what happens to workers
in rich countries as a result of globalization? The answer is that if workers in
these countries are perceived to be hurt by globalization this could catalyze a
protectionist backlash. This could in turn slow down the process of
globalization and impede developing country access to developed country markets
and immigration with adverse welfare and growth consequences in developing
countries. The April 2007 World Economic Outlook of the IMF devotes a chapter
to the impact of globalization on workers in rich countries, the results of
which will be presented by Florence Jaumotte of the IMF's Research Department.
Professor Robert Reich's new book, "Supercapitalism", discusses the emerging
conflict between capitalism (enlarging the economic pie) and democracy (caring
for all the citizens) in the US. And Professor Chamley will revisit his seminal
contribution to the taxation of capital, which appears to be the clear winner in
our globalized world. Would the result that the optimal rate of taxation on
capital is zero still stand?
Featuring also a recent publication
Supercapitalism: The Transformation of Business, Democracy, and Everyday Life
by Robert B. Reich
From one of our most valued voices on politics, business, and the economy,
best-selling author of Locked in the Cabinet and The Work of Nations - a
breakthrough book on the clash between capitalism and democracy.
Our economy has become more efficient than ever, with turbocharged, Web-based
global capitalism morphing into supercapitalism. But as Robert B. Reich makes
clear in this eye-opening book, while supercapitalism is working well to enlarge
the economic pie, democracy - charged with caring for all its citizens - is
becoming less and less effective under its influence. A highly important book -
timely, impassioned, and persuasive.
Thursday September 13, 2007 at 12:00 pm
World Bank J Building, J1- 050
701 18th St. NW corner of 18th St. and Pennsylvania Ave.
A light lunch will be served at 11:30 am
For non Bank staff, please RSVP to InfoShopevents@worldbank.org
Chaired by
Shantayanan Devarajan
Chief Economist, South Asia Region (SARVP), World Bank
Shantayanan Devarajan is the Chief Economist of the World Bank?s South Asia
Region. Since joining the World Bank in 1991, he has been a Principal Economist
and Research Manager for Public Economics in the Development Research Group, as
well as the Chief Economist of the Human Development Network. He was the
Director of the World Development Report 2004, Making Services Work for Poor
People. Before 1991, he was on the faculty of Harvard University?s John F.
Kennedy School of Government. The author or co-author of over 100 publications,
Mr. Devarajan?s research covers public economics, trade policy, natural
resources and the environment, and general-equilibrium modeling of developing
countries.
Presented by
Florence Jaumotte
Senior Economist, Research Department, International Monetary Fund
Ms. Jaumotte, after obtaining her PhD in Economics from Harvard University in
2000, joined the Economist Program of the IMF for two years. She subsequently
worked at the OECD in Paris, doing cross-country analyses in the areas of female
labor market participation and determinants of innovation. She rejoined the Fund
in 2005 as part of the Research Department team which produces the World
Economic Outlook and worked, among other things, on chapters looking at the
impact of globalization on inflation, labor markets, and more recently
inequality.
Robert B. Reich
Professor of Public Policy at the Goldman School of Public Policy, University of
California, Berkeley
Mr. Reich is Professor of Public Policy at the Goldman School of Public Policy
at the University of California at Berkeley. He has served in three national
administrations, most recently as secretary of labor under President Bill
Clinton. In 2003, Reich was awarded the prestigious Vaclav Havel Foundation
Prize for his pioneering work in economic and social thought. As Secretary of
Labor, Mr. Reich implemented the Family and Medical Leave Act, led a national
fight against sweatshops in the U.S. and illegal child labor around the world,
headed the administration?s successful effort to raise the minimum wage, secured
worker?s pensions, and launched job-training programs, one-stop career centers,
and school-to-work initiatives. In 2003, Mr. Reich was awarded the prestigious
Vaclav Havel Foundation Prize for his pioneering work in economic and social
thought.
Christophe Chamley
Professor, Boston University and Directeur d'Etude EHESS, Paris School of
Economics
Mr. Chamley has been Professor of Economics at Boston University since 1988. He
is also Directeur d?Etude EHESS, Paris (Paris School of Economics). He received
his PhD in economics from Harvard University and taught at Yale University from
1978 to 1986. From 1986-88, he worked at the World Bank. Mr. Chamley is known
for his seminal papers on the optimal taxation of capital, which have been
published in the top economic journals.
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About the InfoShop
The InfoShop is the public information center of the World Bank and serves as a
forum for substantial debate on international development. Our extensive events
program consists of more than 250 events over the past two years and has hosted
many internationally recognized speakers including Queen Noor, Francis Fukuyama,
Jeffrey Sachs, Amartya Sen, Joseph Stiglitz, Thomas Friedman, and Carly Fiorina.
The InfoShop functions as the only publicly accessible space at headquarters and
provides internal and external audiences with over 15,000 titles published by
the World Bank, international organizations, and other publishers on development
issues.
For more information, visit: www.worldbank.org/infoshop
Comments about the events program: http://go.worldbank.org/TDG9T8O9K0
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