The next economy

The Great Recession has been a wake-up call. It unveiled an economy dangerously out of whack: frenzied with consumption, wasteful in its use of energy, more adept at increasing inequity than sharing prosperity, more successful at exacerbating rather than easing divisions between Wall Street and Main Street.

Professor Bruce J. Katz, Vice-President and Founding Director of the Metropolitan Policy Program, The Brookings Institution, Washington, DC outlines a vision of a rebalanced next economy in the United States – one that is increasingly orientated towards exports, lower carbon, fuelled by innovation, opportunity-rich, and led by metropolitan areas – and explore its implications for the UK and Scotland.