"A Job Beats a Handout" + Why the World Bank Is Betting Everything on Employment | The Spillover

In this episode of The Spillover, host Sebastian Mallaby and CFR President Michael Froman speak with former U.S. Commerce Secretary Gina Raimondo and World Bank President Ajay Banga about the global jobs challenge facing millions of young people in emerging markets. Hosts: Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations (CFR) - https://www.cfr.org/experts/sebastian-mallaby Michael Froman, CFR President - https://www.cfr.org/experts/michael-froman Guests: Gina Raimondo, Distinguished Fellow, CFR; Former U.S. Secretary of Commerce (2021–2025) - https://www.cfr.org/experts/gina-m-raimondo Ajay Banga, President, World Bank Group - https://www.worldbank.org/ext/en/who-we-are/leadership/ajay-banga 00:00 - Introduction to The Spillover 00:01:28 - Today’s Topics: Job Security, Global Poverty, & AI 00:02:08 - World Bank Strategy: Jobs & Poverty 00:04:39 - Human Capital & Infrastructure 00:08:46 - Multilateralism & Power Grids 00:10:32 - AI Disruption & Future Economy 00:13:53 - Global Stability & Radicalization 00:15:38 - Dignity of Work vs UBI 00:20:33 - Bridging the Skill Gap 00:22:18 - Reforming Higher Education 00:26:42 - Small Farmers & Global Markets 00:33:31 - Healthcare & Economic Opportunity 00:35:32 - Manufacturing & China Factor 00:39:58 - National Security & Local Supply Chains Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released at http://cfr.org/newsletters/#podcasts The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.