Debate on North American Economy

PRO: Paul Crugman and David Rosenberg vs. CON: Lawrence Summers and Ian Bremmer As stock markets gyrate, Europe lurches from crisis to crisis, and U. S. recovery slows, the future of the North American economy is more uncertain than ever. Can individual entrepreneurship, corporate innovation and governments create a new era of sustained economic growth Or, will the financial crisis, U. S. political dysfunction, and the rise of emerging nations erode our living standards for the long term Fundamentally, will the next generation of North Americans enjoy the same quality of life as its parents To promote a farranging discussion of an issue critical to every Canadian, the 8th semiannual Munk Debate convenes four big thinkers to tackle the resolution: Be it resolved North America faces a Japanstyle era of economic stagnation.