"Turnaround: Third World Lessons For First World Growth"

"Turnaround: Third World Lessons For First World Growth"

As U.S. lawmakers debate how to balance the federal budget, Kojo explores the lessons they could draw from economic success stories in the developing world.

The global economy has changed. The poverty and inflation that once plagued developing nations like China and Brazil have become things of the past. Yet, their stories of economic turnarounds could provide the key to recovery for historically rich nations, like the U.S., that today are strapped with debt. As Republican and Democratic lawmakers debate how to get the federal budget back on track, Kojo explores the lessons they could draw from the developing world.

Guests

Author, "Turnaround: Third World Lessons for First World Growth (Basic Books, 2013); Dean, Stern School of Business, New York University

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The Kojo Nnamdi Show is produced by member-supported WAMU 88.5 in Washington DC.