Global Economy on an Upswing: Can it Work for All?
imf seminars event
DATE: April 20, 2017
3:15 PM - 4:15 PM
LOCATION: IMF HQ1, Meeting Halls A&B
TUNE IN FOR THE LIVE WEBCAST ON
Thursday, April 20 AT 03 15 PM
With buoyant financial markets and a long-awaited cyclical recovery in manufacturing and trade underway, world growth is projected to rise in 2017. However, to sustain this new-found momentum, policymakers will need to provide support where it is still needed, tackle structural impediments, and work to keep a long list of downside risks in check. The right policies will not only restart the positive feedback effects among growth, investment, and trade—they will also ensure that the enormous benefits of global economic integration are widely shared and negative impacts mitigated. The panel will discuss the current interplay among economic integration, technology advances, and growth and ways in which countries can work within and together to help ensure a durable recovery in which the benefits are widely shared and those carrying most of the burden of adjustment are supported.
Global Economy on an Upswing: Can it Work for All?
Moderator: Rana Foroohar
Rana Foroohar is Global Business Columnist and an Associate Editor at the Financial Times, based in New York. She is also CNN’s global economic analyst. Her book, “Makers and Takers: The Rise of Finance and the Fall of American Business” (Crown), about why the capital markets no longer support business, was shortlisted for the Financial Times McKinsey Book of the Year award in 2016. Prior to joining the FT and CNN, Foroohar spent 6 years at TIME, as an assistant managing editor and economic columnist. She previously spent 13 years at Newsweek, as an economic and foreign affairs editor and a foreign correspondent covering Europe and the Middle East. During that time, she was awarded the German Marshall Fund’s Peter Weitz Prize for transatlantic reporting. She has also received awards and fellowships from institutions such as the Johns Hopkins School of International Affairs and the East West Center. She is a life member of the Council on Foreign Relations. Foroohar graduated in 1992 from Barnard College, Columbia University. She lives in Brooklyn with her husband, the author John Sedgwick, and her two children.
David Lipton assumed the position of First Deputy Managing Director of the International Monetary Fund on September 1, 2011. On March 28, 2016, he was reappointed for a second five-year term beginning September 1, 2016. Before coming to the Fund, Mr. Lipton was Special Assistant to the President, and served as Senior Director for International Economic Affairs at the National Economic Council and National Security Council at the White House. Previously, he was a Managing Director at Citi, and also served in the Clinton administration as Under Secretary of the Treasury for International Affairs — and before that as Assistant Secretary. Mr. Lipton earned a Ph.D. and M.A. from Harvard University in 1982 and a B.A. from Wesleyan University in 1975.
Masood is president of the Center for Global Development. Masood joined CGD in January 2017 from the IMF, where he served as director of the Middle East and Central Asia Department. Masood oversaw the Fund's operations in 32 countries, and managed relationships with key national and regional policy makers and stakeholders. He has had a 35-year career driving economic development policy initiatives relating to debt, aid effectiveness, trade, and global economic prospects at major international institutions including the IMF, World Bank, and DFID.
Martin Feldstein is the George F. Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research. He served as President and CEO of the NBER from 1977-82 and 1984-2008. From 1982 through 1984, Martin Feldstein was Chairman of the Council of Economic Advisers and President Reagan's chief economic adviser. He served as President of the American Economic Association in 2004. In 2006, President Bush appointed him to be a member of the President's Foreign Intelligence Advisory Board. In 2009, President Obama appointed him to be a member of the President's Economic Recovery Advisory Board.Dr. Feldstein is a member of the American Philosophical Society, a Corresponding Fellow of the British Academy, a Fellow of the Econometric Society and a Fellow of the National Association of Business Economists. He is a Trustee of the Council on Foreign Relations and a member of the Trilateral Commission, the Group of 30, the American Academy of Arts and Sciences, and the Council of Academic Advisors of the American Enterprise Institute
Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth. He was the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016. Between 2003 and 2006, Dr. Rajan was the Chief Economist and Director of Research at the IMF. He was the President of the American Finance Association in 2011 and is a member of the American Academy of Arts and Sciences. He has won several awards: the inaugural Fischer Black Prize for the best finance researcher under the age of 40 in January 2003 by the American Finance Association, the Infosys prize for the Economic Sciences in 2012, the Deutsche Bank Prize for Financial Economics in 2013, Euromoney Central Banker Governor of the Year 2014, and Banker Magazine (FT Group) Central Bank Governor of the Year 2016.
Axel A. Weber was elected to the Board of Directors (BoD) of UBS AG at the 2012 AGM and of UBS Group AG in November 2014. He is Chairman of the BoD of both UBS AG and UBS Group AG. He has chaired the Governance and Nominating Committee since 2012 and became Chairperson of the Corporate Culture and Responsibility Committee in 2013. Mr. Weber was president of the German Bundesbank between 2004 and 2011, during which time he was also a member of the Governing Council of the European Central Bank, a member of the Board of Directors of the Bank for International Settlements, German governor of the International Monetary Fund, and a member of the G7 and G20 Ministers and Governors. He was a member of the steering committees of the European Systemic Risk Board in 2011 and the Financial Stability Board from 2010 to 2011.