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This sustainable growth keynote by Gary Becker outlines a few pieces of intelligent advice for developing countries. His savvy advice is also something for developed countries to consider if they want to continue to advance.
Gary feels that the private sector is the most important aspect when trying to build sustainable growth. He says it creates competition and inspires people to bring about innovations. He uses the example that every successful country has used the private sector to achieve its growth.
Gary’s sustainable growth keynote finishes by stating his optimism for the economy of developing countries. He sees a movement in these countries recognizing the importance of technology and world trade. He uses the example of countries like China, Brazil and India learning to utilize this and growing significantly as a result.