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FLAGSHIP DEBATES: A NEW CHAPTER FOR EMERGING MARKETS: POLICY DILEMMAS FOR GROWTH, FINANCIAL STABILITY AND STRUCTURAL REFORMS

Organizers:

“Economic Research Institute” JCS, Reinventing Bretton Woods Committee 

Relevance:

 

Goals:

 

Key issues:

 

Key issues:

  • What the new chapter of the global economy means for emerging markets and developing countries?  How the political and economic shifts will affect countries?
  • What are the growth strategies under the new conditions of great volatility in commodities prices, exchange rates, trade and globalization slowdown?
  • Investment growth in emerging market and developing economies has slowed sharply since 2010. What are the new growth model and structural reforms for emerging economies? How can middle income states can transit to higher income countries and escape the middle income trap?
  • How the rise of protectionism may affect emerging markets and developing countries as they were considered as the winners of globalization processes? All countries need to anticipate major shifts in trade and supply chains, driven by new rules and digital technologies. How investments in human capital, technology and infrastructure can anticipate these changes?
  • Is the large increase of emerging-market debt, much of it denominated in dollars is the biggest risks in the financial system?

This session will discuss the main structural challenges faced by the global economy, EMs and developing countries, key reform areas and priorities, and explore concrete cases and ways to effectively implement and assess the progress and performance of reform.

Chair: Ayhan Kose, Director, Development Prospects Group, World Bank

Speakers:                                                                                                           

  • Augusto Lopez Claros, Senior Advisor, Development Economics, World Bank, Director of the World Bank Global Indicators Group (2011-2017)
  • Il Sakong, Chairman of the Institute for International Economics, Former Minister of Finance of the Republic of Korea, Chairman of the Presidential Council on National Competitiveness, Senior Economic Adviser to President of Korea
  • Elina Ribakova, Chief Economist/Managing Director for EMEA at Deutsche Bank, Visiting Fellow Institute of Global Affairs, London School of Economics and Political Science
  • Domingo Cavallo, Senior Fellow of the Institute for Global Affairs, Yale University, Minister of Economy (1991-1996, 2001), President of the Central Bank of Argentina (1982)
  • Massimiliano Castelli, Managing Director, Head of Strategy, Global Sovereign Markets, UBS Global Asset Management
  • David Pan, Executive Dean, Schwarzman College, Tsinghua University
 

Timeline

There are no publications in this session
There are no publications in this session