Kandeh Yumkella, Director-General of the United Nations Industrial Development Organisation

The human kind has tried several versions of economic development in order to shorten the gap between the developed and the underdeveloped countries. The 20th century witnessed the communist experiment import substitution industrialization and free market reforms, but in the beginning of the 21st century the world is still divided between the so-called the golden billion and the rest of the world. Why were the previous strategies unsuccessful? What should be done to eradicate the problem of underdevelopment? To answer these difficult questions our guest today is Kandeh Yumkella, the Director-General of the United Nation Industrial Development Organization.