Roy Thomson Hall 6:30 PM 7:00 PM 8:45 PM. Tickets $25 to $90

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2 M O N D AY, N O V E M B E R 1 4, Roy Thomson Hall 60 Simcoe Street, Toronto, Canada 6:30 PM Doors open 7:00 PM Debate begins 8:45 PM Reception and Voting Results Tickets $25 to $90 To order tickets contact Sherry Naylor at or rsvp@munkdebates.com w w w. m u n k d e b a t e s. c o m

3 M u n k D e b a t e o n t h e N o r t h A m e r i c a n E c o n o m y 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 far-ranging discussion of an issue critical to every Canadian, the 8th semi-annual Munk Debate convenes four big thinkers to tackle the resolution: Be it resolved North America faces a Japan-style era of high unemployment and slow growth.

4 PRO PRO P a u l K r u g m a n Paul Krugman is a Nobel Laureate and renowned New York Times columnist. He has published over 200 scholarly articles and several books including the recent bestseller, The Return of Depression Economics and the Crisis of Since the financial crisis he has been an advocate for increased stimulus spending and a staunch critic of austerity programs. Professor Krugman teaches economics and international affairs at Princeton University. It s now impossible to deny the obvious, which is that we are not now and have never been on the road to recovery.

5 PRO PRO D av i d R o s e n b e r g David Rosenberg is the Chief Economist and Strategist at Gluskin Sheff + Associates Inc. and the former Chief North American Economist at Bank of America-Merrill Lynch. He was one of a handful of economists to correctly predict both the anemic pace of the economic recovery in North America and the recent reversal in stock valuations. His economic analysis is frequently featured in Barron s, The Globe and Mail, The Wall Street Journal, and on CNBC and Bloomberg TV. When all the stimulus is gone and the Emperor is disrobed, it is not going to be a pretty picture.

6 CON CON L aw r e n c e S u m m e r s Lawrence H. Summers is one of America s most influential and respected economists. He has served as Chief Economist of the World Bank, as U.S. Secretary of the Treasury, as President of Harvard and most recently as President Obama s director of the National Economic Council. Since the 2008 financial crisis he has been a steadfast defender of long-term resiliency of the American economy and the Obama administration s policies for economic recovery. The American people have not become less dedicated to hard work, and the productive potential of this economy has not declined.

7 CON CON I a n B r e m m e r Ian Bremmer is the founder and president of Eurasia Group, the world s leading global political risk analysis and consulting firm. He is the author of numerous bestselling books including The End of the Free Market: Who Wins the War Between States and Corporations? and The J Curve: A New Way to Understand Why Nations Rise and Fall. He writes a regular column on geo-politics for the Financial Times and the influential The Call blog for the journal Foreign Policy. North America s long-term prospects are brighter than Europe s or Japan s; the rise of the rest does not automatically imply our decline.

8 THE MUNK DEBATES The Munk Debates are an initiative of the Aurea Foundation, founded in 2006 by Peter and Melanie Munk to support Canadian institutions involved in the study and development of public policy. The goal of the Munk Debates is to enliven and elevate public discussion in Canada of the major issues shaping the course of world events. A N I N I T I A T I V E O F M E D I A P A R T N E R S