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33,339 views | Raghuram Rajan • TEDSummit 2019

How to revive and empower local communities

For some communities, the technology, globalization and centralized government that was meant to bring us together has resulted in local disempowerment, leading to high rates of unemployment and crime. Economist Raghuram Rajan emphasizes the importance of decentralization and offers five key elements needed to restore and revive an ailing community.

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This talk was presented at an official TED conference.

For some communities, the technology, globalization and centralized government that was meant to bring us together has resulted in local disempowerment, leading to high rates of unemployment and crime. Economist Raghuram Rajan emphasizes the importance of decentralization and offers five key elements needed to restore and revive an ailing community.

This talk was presented at an official TED conference.

About the speaker

Financial leader, author

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Economist Dr. Raghuram Rajan proposes that world leaders allow the state and institutions to manage economic health, neglecting a crucial component of prosperity: the "third pillar" of locally based communities.