Faculty News

Dean Peter Henry discusses his new book, "Turnaround"

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Excerpt from AtGoogleTalks -- "2002-2007 was a great period for the world economy. We're in a much less robust period. In 2012, the advanced nations of the world grew only 1.3% per year. Europe actually contracted. Europe's in a recession. Emerging economies still grew at 3.5%. So in the aftermath of the financial crisis from 2008-2009, from which we're still recovering, and very importantly, we know from work by a number of scholars including Carmen Reinhart and Ken Rogoff that countries recovering from financial crises, when financial crises are the cause of the recession, countries grow much more slowly...and that means we need emerging economies to continue to grow at rapid rates in order to pull along the advanced world."

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