The panel session, organized in partnership by the Economic Research Institute (ERI) and the Joint Vienna Institute (JVI) will analyze current challenges facing the region and discuss policies to overcome them as well as policies to increase potential growth. More specifically, the session will cover:
The first session will be organized in the format of a panel with a keynote speech delivered by Prof. Jeffrey Sachs, Senior UN advisor and Director of the Earth Institute at Columbia University. The keynote speaker will open the session by analyzing the overall economic situation in the region with particular reference to Kazakhstan and the region’s place in the world economy (25-30 minutes speech). Each consecutive speaker of the panel will address selected challenges and discuss policies (measures, solutions) to overcome these. The discussion will be concluded with a Question and Answer (Q&A) session followed by a coffee break.
After the coffee break, the JVI and ERI will conduct an interactive workshop for officials, researchers and experts from the region to discuss structural reform priorities for the countries in CCA/CIS.
The aim of the workshop will be to identify key structural bottlenecks for the region and suggest reform priorities. There is ample empirical macroeconomic and microeconomic cross-country evidence that structural reforms are beneficial for growth; however, it is less clear what reform priorities should be.
The workshop will be kicked off with short introductory presentations by Aset Irgaliyev, Chairman of Economic Research Institute, and Norbert Funke, Director of Joint Vienna Institute. Areas to be considered include institutions, infrastructure, goods market efficiency, and financial markets. Following the kick-off presentations, participants will split into small groups of about 6-8 people each. Each group will discuss one reform area, with a view to identify three policy recommendations. Following the discussion in small groups, each group will present its findings to other workshop participants. The session will conclude with a general discussion of political economy considerations and implementation constraints.
The workshop is primarily concerned with identifying reform priorities, promoting partnership, and networking.