IMF Conference
Global Financial Markets Confront the War in the Middle East and Amplification Risks
October 11, 2017
Globalization – broadly defined as the integration of economic activity across national borders – is widely perceived to be at a crossroad. Its long-acknowledged benefits to economic growth, poverty reduction, and consumers’ access to varied goods at lower prices, have given way to growing public skepticism to foreign trade, out of concerns with job losses, de-industrialization, and inequality. Such skepticism has been aggravated by a string of international financial crises that have heightened unemployment and public debt in many countries, as well as by concerns about loss of national sovereignty and homeland security that help fuel anti-foreigner sentiments.
This conference will present new thinking on the benefits and costs of globalization, and on how old and new policy toolkits can be deployed to ensure that net benefits are more widely shared both within and across countries, so that the classical pro-globalization economic “calculus” can be better aligned with the social and political “calculus,” which may, at times, attempt to slow down or set back the globalization clock altogether.
[NOTE: Attendance to Sessions 1-4 is by invitation only, attendance to Session 5 and the Roundtable is open to participants of the 2017 Annual Meetings.]
|
Wednesday, October 11, 2017 |
|
|
08:00 – 08:30am |
Registration and Continental Breakfast |
|
08:30 – 08:45am |
Opening Remarks by IMF Managing Director Christine Lagarde Room: HQ1, Concourse Level, 707-19 |
|
08:50 – 10:05am |
Session 1: Trade, Growth, and Welfare Chair: Maurice Obstfeld (International Monetary Fund) Panelists: |
|
10:05 – 10:25am |
***Coffee Break*** |
|
10:30 – 11:45am |
Session 2: Political Economy of Trade and Trade Policy Chair: Fred Bergsten (Peterson Institute for International Economics) Panelists: |
|
11:45 – 1:15pm |
***Lunch Break*** |
|
1:15 – 2:30pm
|
Session 3: Trade and Inequality Chair: Heather Boushey (Washington Center for Equitable Growth) Panelists: |
|
2:30 – 3:45pm
|
Session 4: Trade and Labor Market Adjustment Chair: Abebe Selassie (International Monetary Fund) Panelists: Gordon Hanson (University of California, San Diego) Lori Kletzer (Colby College and University of California, Santa Cruz) |
|
3:45 – 4:15pm |
|
|
4:15 – 5:30pm
|
Session 5: Macro-Trade-Development Linkages Chair: Min Zhu (National Institute of Financial Research) Panelists: Keyu Jin (London School of Economics) Paul Krugman (CUNY and Princeton University) Dani Rodrik (Harvard University) |
|
5:30 – 5:45pm |
|
|
5:45 – 7:00pm |
Roundtable: The Future of Globalization Chair: Ernesto Zedillo (Yale University) Angus Deaton (Princeton University) Larry Summers (Harvard University – by video) Laura Tyson (University of California, Berkeley) Martin Wolf (The Financial Times) |
Organizing committee: Maury Obstfeld (chair), Luis Catão, Tracey Lookadoo, Lucia Buono
