There is a large body of evidence on the relationship between financial systems and wealth creation. Colin Mayer discusses how the technological revolution is transforming finance and how regulation is responding to it. He argues that there are fundamental defects in regulation that are giving rise to regulatory arbitrage and the emergence of a parallel, unregulated financial system.Full paper
Professor of International Economics at John Hopkins SAIS
Infrastructure services in energy, transport, water and telecommunications services underpin the wealth of modern nations. Yet, inefficiencies abound. In developing nations hundreds of millions of people lack access to modern infrastructure services. Globally as much as 40% of expenditures on infrastructure may constitute waste, equivalent to some 1 to 2 % of global GDP. Michael Klein discusses infrastructure development, links between infrastructure, wealth and economic growth, and more.