WHAT TOP THINKERS THINK ABOUT DEVELOPMENT

When: 16th October 2017 at 6:00 pm CET / 4:00 pm GMT (check time around the world).

Where: Faculty of Social Sciences, University of Ljubljana, Kardeljeva ploscad 5, 1000

You can join the lecture by:

  • coming to the event in Ljubljana
  • following livestreaming from the event at kapuscinskilectures.eu
  • asking your questions to prof. Kay via Twitter using #KAPTalks hashtag

The finance sector of Western economies is the product of a ‘bottom-up’ process, in which institutions evolved to serve the local needs of households for payments, savings, and the mutual sharing of risks. These institutions were adapted over time to meet the developing needs of merchants and business.

But that was a long time ago. America and Western Europe today have a finance sector excessive size; a sector that has lost touch with the real economy, and which trades with itself, talks to itself, and judges itself by its own criteria. The outcomes have proved catastrophically unstable. What lessons for developing countries can be learned?

 

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