Overview

Just as Thomas Piketty offered a sweeping critique and progressive reassessment of capitalism, former World Bank Group chief financial officer Bertrand Badré looks at the destructive role finance played in the global economic crisis of 2007-2008 and offers a bold prescription for making finance a force for good. The overwhelming view following the recent global financial crisis was that finance itself was the cause of the crisis and the disasters that followed. But former World Bank Group CFO Bertrand Badre says that ultimately finance is just a tool--the most powerful tool on earth. Used correctly it can be at the heart of the way we address many of the world's problems, ranging from climate change to the eradication of poverty to building much needed infrastructure. Badre shows how to turn our financial system from a poor master to a great servant. He describes the innovations in financial tools and approaches that are already happening around the world. He looks at the role intelligent regulation can play in channeling the power of finance in a positive direction. He details options for overcoming the risks and obstacles to international cooperation for financial stability and prosperity, in contrast to the blinkered nationalism currently on the rise. And he tells what is working and what needs to change in financing the sustainable development of the world. The result is a blueprint for regaining power over finance to promote the public good.

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Bertrand Badré is CEO and founder of Blue like an Orange Sustainable Capital. Previously, he was managing director of the World Bank; chief financial officer of the World Bank Group; CFO at two of the world's largest banks, Crédit Agricole and Société Générale Group; and a partner of Lazard. Gordon Brown served as British prime minister and leader of the Labour Party from 2007 to 2010. During the decade before that, he was Chancellor of the Exchequer, making him the longest-serving chancellor in modern history. Brown's time as chancellor was marked by major reform of Britain's monetary and fiscal policy and sustained investment in health, education, and overseas aid. As prime minister, his tenure coincided with the recent financial crisis, and he was one of the first to initiate calls for global financial action, with his administration simultaneously introducing a range of rescue measures within the country. Brown has a PhD in history from the University of Edinburgh and spent his early career working as a television journalist. He has been a Member of Parliament since 1983. He is married to Sarah Brown, a charity campaigner, and has two young sons. Gordon Brown served as British prime minister and leader of the Labour Party from 2007 to 2010. During the decade before that, he was Chancellor of the Exchequer, making him the longest-serving chancellor in modern history. Brown's time as chancellor was marked by major reform of Britain's monetary and fiscal policy and sustained investment in health, education, and overseas aid. As prime minister, his tenure coincided with the recent financial crisis, and he was one of the first to initiate calls for global financial action, with his administration simultaneously introducing a range of rescue measures within the country. Brown has a PhD in history from the University of Edinburgh and spent his early career working as a television journalist. He has been a Member of Parliament since 1983. He is married to Sarah Brown, a charity campaigner, and has two young sons. Wayne Shepherd's voice is heard widely in Christian radio and television, as well as numerous audiobooks and special projects. With nearly forty years of broadcast experience, Wayne serves a growing number of clients as a radio host, interviewer, voice-over talent, and consultant.

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