Towards a Better Global Economy

Franklin Allen is The Executive Director of the Brevan Howard Centre and Professor of Finance and Economics at Imperial College London. He is the executive editor of the Review of Financial Studies and the managing editor of the Review of Finance; a past president of the American Finance Association, the Western Finance Association, the Society for Financial Studies, the Financial Intermediation Research Society and the Financial Management Association; and a fellow of the Econometric Society. His main areas of research are corporate finance, asset pricing, financial innovation, comparative financial systems, and financial crises. He is a co-author, with Richard Brealey and Stewart Myers, of the 8th12th editions of Principles of Corporate Finance. He holds a D. Phil degree from Oxford University. Jere R. Behrman is the William R. Kenan, Jr. Professor of Economics and Sociology and Population Studies Center Research Associate at the University of Pennsylvania. His research is in empirical microeconomics, economic development, early childhood development, labor economics, human resources (education, training, health, nutrition), economic demography, household behaviors, and life-cycle and intergenerational relations. He has published more than 370 professional articles and 33 books, been a research consultant with numerous international organizations, conducted research or lectured in more than 40 countries, and served as principal investigator on more than 75 research projects. He is a Fellow of the Econometric Society, a 40th Anniversary Fulbright Fellow, the recipient of the 2008 biennial Carlos Diaz-Alejandro Prize for outstanding research contributions to Latin America, and a member of the U.S. National Institutes of Child Health and Development (NICHD) Advisory Council. Nancy Birdsall is the founding president of the Center for Global Development. Before launching the center, she served as executive vice president of the Inter-American Development Bank; held research, policy, and management positions at the World Bank, including as director of the Policy Research Department; and served as Senior Associate and Director of the Economic Reform Project at the Carnegie Endowment for International Peace. She is the author, co-author, or editor of more than a dozen books and many scholarly papers. Her most recent publications include Cash on Delivery: A New Approach to Foreign Aid (2010) and New Ideas on Development after the Financial Crisis (2011), coedited with Francis Fukuyama. She holds a PhD from Yale University.Shahrokh Fardoust is the president of International Economic Consultants, LLC. He has more than 30 years of experience in economic development. At the World Bank, he served as Director of Strategy and Operations in the Development Economics Vice Presidency, Senior Adviser to the Director-General of the Independent Evaluation Group of the World Bank Group, and Senior Economic Adviser to the Chief Economist. He has published in the areas of economic development, national and subnational economic policy, long-term forecasting, and international monetary system. He contributed to and co-edited Post Crisis Growth and Development: A Development Agenda for the G20 (2010). He is member of the SovereigNET Advisory Council at the Fletcher School at Tufts University. He holds an MA and PhD from the University of Pennsylvania. Dani Rodrik is the Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government, Harvard University. Previously he held professorships at Princeton and Columbia Universities. He is the author, among other works, of The Globalization Paradox (2011) and One Economics, Many Recipes (2007). He has published widely in economic development and growth, globalization, and political economyAndrew Steer is the president and CEO of the World Resources Institute (WRI). He has three decades of experience working on international development on the front line in Asia and Africa and at a senior level in international policy roles. Before joining WRI, he served as Special Envoy for Climate Change at the World Bank. He was a member of UN Secretary-General Ban Ki-Moon's High Level Panel on Sustainable Energy for All and served on the B20 Board on Green Growth. He holds a PhD from the University of Pennsylvania. Arvind Subramanian is the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and a senior fellow at the Center for Global Development. He is the author of Eclipse: Living in the Shadow of China's Economic Dominance (2011) and the co-author (with Olivier Jeanne and John Williamson) of Who Needs to Open the Capital Account? (2012). In 2011, Foreign Policy named him one of the world's top 100 global thinkers. Before joining the Peterson Institute, Dr Subramanian was an assistant director in the Research Department of the International Monetary Fund. He holds a DPhil from the University of Oxford.

This book sees seven distinguished aca demic economists and ten commentators examine the factors that are most likely to support beneficial economic growth in low, middle, and high income countries on behalf of the Global Citizen Foundation. Their Towards a Better Global Economy policy research project aims to sustain long-term global economic growth. This 521-page volume provides a thinking stimulus for all who worry about the future of the world. This is an important book that deserves to be widely, and critically, read.

• FOREWORD, THEOPHILOS PRIOVOLOS; PREFACE TO THE PAPERBACK EDITION