November 11, 2010
Chicago Booth Asia Campus
The House of Tan Yeok Nee
101 Penang Road, corner of Clemenceau Road
11:30 a.m. Registration and lunch
12:30 p.m. Program
1:45 p.m. Networking and coffee
2:30 p.m. Event concludes
Cost (buffet lunch and book)
General Public S$40
U of Chicago/Booth Alumni/Student S$30
Fault Lines: How Hidden Fractures Still Threaten the World Economy
Raghuram Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, Chicago Booth
Join professor Raghuram Rajan as he talks about his new book, Fault Lines: How Hidden Fractures Still Threaten the World Economy. The discussion will cover how the individual choices that collectively brought about the economic meltdown were rational responses to a flawed global financial order in which the incentives to take on risk are incredibly out of step with the dangers those risks pose.
Rajan will discuss how unequal access to education and health care in the United States is eroding the quality of its policy making, even while the growth paths chosen by large countries like Germany, Japan, and now China, place an undue burden on the United States to get its policies right. He outlines the hard choices we need to make to ensure a more stable world economy and restore lasting prosperity.
Fault Lines was recently announced the winner of the Financial Times and Goldman Sachs Best Business Book of the Year 2010.
This event will kick off the celebration for Chicago Booth's 10 years in Asia. Join us to commemorate this significant milestone in the first of a series of anniversary events.
"Like geological fault lines, the fissures in the world economic system are more hidden and widespread than many realize, he says. And they are potentially more destructive than other, more obvious culprits, like greedy bankers, sleepy regulators and irresponsible borrowers. Mr. Rajan . . . argues that the actions of these players (and others) unfolded on a larger world stage, that was (and is) subject to the imperatives of political economies. . . . [A] serious and thoughtful book." - New York Times
"[E]xcellent. . . . [Fault Lines] deserve[s] to be widely read in a time when the tendency to blame everything on catch-all terms like 'globalisation' is gaining ground." - Economist