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Obama Advisor: Government Spending Crucial to Recovery

Complete video at: Economist Laura Tyson argues that government investments in the economy can be more beneficial to economic recovery than cuts in spending. She contends that government can be a driving force behind innovation, citing developments in biotechnology and the Internet as past examples. ----- How can California remain economically competitive with the eager, talented and educated middle classes emerging in China, India and elsewhere? How can the California Dream be prevented from turning into a California Nightmare? Gold drove the first economic boom, and information technology fostered California's most recent revolution of jobs and growth. What will be next? As the world becomes flat, globalization presents challenges. Will Californians innovate their way out? Prominent Californians (including a world-renowned economist, urban analyst and business innovators) discuss the issues challenging the state's business environment and provide insight into what must be done to ensure economic success. - Commonwealth Club of California Laura D'Andrea Tyson is the S.K. and Angela Chan Professor of Global Management at the Haas School of Business at the University of California Berkeley. She served as dean of London Business School from 2002 to 2006, and as dean of the Haas School of Business, University of California at Berkeley from 1998 to 2001. Dr. Tyson is a member of President Barack Obama's Economic Recovery Advisory Board. She served in the Clinton administration and was the chair of the Council of Economic Advisers between 1993 and 1995, and the president's national economic adviser between 1995 and 1996.
Length: 03:11


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