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US Deputy Treasury Secretary addresses student gathering at Dubai School of Government

posted on 18/02/2010: 598 views

As we work towards sustainable, balanced growth, nothing will be more important than investing in the education of the rising generation of leaders, according to Neal S. Wolin, Deputy Secretary of the US Department of Treasury.

Wolin's comments came at a talk on "The State of the Global Economy in the Wake of the Financial Crisis, and the Importance of Cooperation between the US and the Arab World" held at the Dubai School of Government, a research and teaching institution focusing on public policy in the Arab world. He interacted with an audience comprised of students from different local universities, research fellows, young alumni, entrepreneurs, and members of the UAE Chapter of Young Arab Leaders (YAL).

Commending the unified approach in which the US and the Arab world have addressed the problems leading to the global financial crisis, he said:

"As we move forward, it is critical that we deepen our partnership even further - and work through remaining challenges with openness, transparency and with a deep sense of common purpose. I have no doubt that, together, we will put the troubles of the past year behind us and fully repair the damage of the financial crisis."

"Looking to the future, we have to begin the work of building a more balanced, sustainable model for global economic growth - a model in which our economies are more diverse, the world's trade flows more balanced, and the system as a whole less prone to bubbles and collapse."

During the course of his talk, Wolin also praised the vision and commitment of the UAE's leaders in promoting education and innovation for men and women throughout the region. He reiterated the importance of public policy in shaping a stable and sustainable global economic infrastructure for the future, stating that public servants are most effective when they adopt the same the sense of entrepreneurial spirit expected in the private sector.

Wolin is in the UAE as part of his tour across Afghanistan, Pakistan and the Gulf in a bid to meet with senior government officials, regulators, and members of the private sector to discuss a range of issues including stabilising and growing regional economies, improving the security of the financial system, and adopting a development strategy that invests in education and expands employment opportunities for youth and women.

Dr. Tarik Yousef, Dean of Dubai School of Government, said: "We are honoured to host this talk today, and pleased that Deputy Secretary Wolin has allotted time to speak to this gathering of students from different institutions. I am confident the young minds that participated in this discussion gained both insight and inspiration from what Mr. Wolin shared with us today."

Neal Wolin was previously a lecturer with the Harvard Kennedy School. Earlier, Wolin was the Deputy Assistant to the US President and Deputy Counsel to the President for Economic Policy. He served as General Counsel at the Department of Treasury from 1999-2001 and as Deputy General Counsel from 1995-1999. Previous roles held by Wolin include Executive Assistant to the National Security Advisor, Deputy National Security Advisor and Deputy Legal Advisor to the National Security Council.

Established in 2005 in cooperation with the Harvard Kennedy School, the Dubai School of Government is committed to the creation of knowledge and the dissemination of global best practices in the Arab world. The institution conducts various programmes that seek to enhance the region's capacity for effective public policies. –


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