Christine Lagarde, the first woman to head the
International Monetary Fund, delivered the 2014 Richard Dimbleby
Lecture on 4th February 2014.
In her speech she highlighted the importance of economic
sustainability and the need for us all to work together to address
current and future challenges across the globe.
"In the past, economists
have underestimated the importance of inequality. They have focused
on economic growth, on the size of the pie rather than its
distribution. Today, we are more keenly aware of the damage done by
inequality. Put simply, a severely skewed income distribution harms
the pace and sustainability of growth over the longer term. It
leads to an economy of exclusion, and a wasteland of discarded
She ended with a call to action:
"Our forefathers vanquished the
demons of the past, bequeathing to us a better world-and our
generation was the main beneficiary.
We are where we are today because of
the foundation laid by the generation before us.
Now it is our turn-to pave the way
for the next generation. Are we up to the challenge? Our future
depends on the answer to that question."
The speech is excellent - plain-speaking yet charismatic and I
would highly recommend it.
If you missed the original programme you can watch the Richard Dimbleby lecture or read Christine Lagarde's speech on the IMF