Not everyone paints a rosy picture about the current world economy and the outlook going forward. In this session, we'll hear three different views on what may be looming beyond the horizon if we don't heed the warning signs. Blackstone Chairman Pete Peterson and Morgan Stanley's chief economist Stephen Roach will share their visions of an inevitable economic meltdown in the U.S. caused by fiscal profligacy and the corrective action needed to avert it. Noted business consultant C.K. Prahalad will look at the underclass in India and China as a cause for concern and make a case for how companies doing business in those countries can fight poverty with profitability. Renowned Peruvian economist Hernando de Soto will analyze why capitalism has failed to translate to other parts of the world and talk about what actions governments need to take to enable impoverished citizens to turn their work and savings into productive capital.

Speakers:
Cheng Siwei, Vice Chairman, NPC Standing Committee of the People’s Republic of China   
Hernando de Soto, Author, The Mystery of Capital:
Why Capitalism Triumphs in the West and Fails Everywhere Else
Peter  G. Peterson, Senior Chairman and Co-founder, The Blackstone Group
C.K. Prahalad, Harvey C. Fruehauf Professor of Business Administration,
University of Michigan Business School
Stephen S. Roach, Managing Director and Chief Economist, Morgan Stanley

Moderator:
Geoff Colvin, Senior Editor at Large, FORTUNE