Prosperity and Inequality: Debates in India and China Keynote Address by Kemal Dervis
India and China are emerging as major players in the global political economy of this century, having enjoyed record growth rates for the past five years. Yet each faces major social and economic challenges. Both countries are dealing with growing social unrest, widespread poverty, and rising energy needs in a world market shaped by dwindling oil supplies.
China's growth is creating massive disparities between its urban and rural sectors, resulting in protests against state authority and restless migrant populations. Citizens face a steady degradation of public health due to runaway industrial growth, while capitalists chafe against the state's tight control of the market. In India, the epidemic of suicides among farmers and episodes of violence against minorities have cast doubts on the benefits of wholesale economic liberalization, unfettered foreign investment, and growth, which are also being challenged by the rise of judicial activism and of an active, vocal civil society.
The India China Institute at The New School, now in its third year of sponsoring fellowships, public debates, and research collaborations between experts in India, China, and the United States, is hosting "Prosperity and Inequality: Debates in India and China," a major conference exploring these issues. Participants in the conference, including our own fellows from all three countries as well as experts on urbanization, globalization, and growth in India and China, will discuss Chinese and Indian urbanization and wealth formation, the social and political risks associated with skyrocketing growth in two massive agrarian societies, alternative designs for development in each society, and the quest in both societies for a "third way" of development that combines the virtues of socialism and capitalism without sacrificing democracy and grassroots inclusion- The New School
Kemal Derviş started as the new head of the United Nations Development Program, the UN's global development network, on August 15, 2005. Currently he also serves as the Chair of the United Nations Development Group (UNDP), a committee consisting of the heads of all UN funds, programs, and departments working on development issues.
Prior to his appointment with UNDP, Mr. Derviş was a member of the Turkish Parliament, representing Istanbul from November 2002 to June 2005. From March 2001 to August 2002, he was the Minister for Economic Affairs and the Treasury of the Republic of Turkey. In August of 2002, he resigned from his Ministerial post and was elected to Parliament.
January 1, 2011, Bob Kerrey completed his tenure as seventh President of The New School, a university founded on strong democratic ideals and daring educational practices, an environment that was well suited for his leadership. He also served as New School's President Emeritus from January 1, 2011 to January 31, 2013.
Prior to coming to The New School Bob Kerrey represented Nebraska in the United States Senate. For two terms, Senator Kerrey emphasized the direct connection between citizens and their laws, and made a concerted effort to allow Nebraskans to participate in writing laws that defined the quality and inclusiveness of their health care system, their schools and the safety of their communities. He served on the Senate's Agriculture and Forestry Committee, Senate's Appropriations Committee, Senate's Finance Committee, and last but not least on the Senate Select Committee on Intelligence where he worked to restructure our intelligence agencies to improve their capacity to meet the threats faced by our country. Prior to serving in the U.S. Senate Bob Kerrey served a single term as Nebraska's Governor. He established a reputation as a fiscal conservative who regularly crossed political party lines for the good of Nebraska and the Country.
Bob Kerrey served three years in the United States Navy. While in Vietnam, he was wounded, permanently disabled from the injury, and from this injury received a great gift: Sympathy for those who are suffering and an appreciation for the capacity of government to save your life. Before his time in the Navy Bob Kerrey attended the University of Nebraska graduating in January 1966 with a BS degree in pharmacy. He was born in Lincoln and attended public schools there. In 2002 he published a memoir "When I Was A Young Man."
Bob Kerrey is married to Sarah Paley and lives in New York. The couple has a 12-year-old son, Henry, and Mr. Kerrey has two children from his previous marriage, Ben and Lindsey Kerrey, and four grandchildren.
United Nations Development Group Chair Kemal Dervis reminds us that any discussion about future economic growth needs to take climate change into account and factor in the necessary constraints to reduce global warming emissions.
Kemal Dervis, United Nations Development Group Chair, describes how unlike other emerging economies in the world, China and India have a combination of high investment rates with high total factor productivity growth that results in the unprecedented expansion seen today.