Session 5: Derisking the Global Financial and Trade System

October 11, 2023

Chair: Abdelaaziz Ait Ali, Head of Economic Research, Policy Center for the New South

Opening: Sara Burke, Senior Policy Analyst, Friedrich Ebert Stiftung, New York

Speakers:

Paola Subacchi, Professor of International Economics and Chair, Advisory Board, Global Policy Institute, Queen Mary University

Erik Berglof, Chief Economist, Asian Infrastructure Investment Bank (AIIB)

Ralph Ossa, Chief Economist, World Trade Organization

Shahin Vallée, Senior Fellow, Deutsche Gesellschaft für Auswärtige Politik (DGAP)

RELATED CONTENT

  • January 27, 2016
    This podcast is performed by Prakash Loungani. He is Senior Fellow at Policy Center for the New South and Advisor in the Research Department of the International Monetary Fund, was interv ...
  • Authors
    January 12, 2016
    Q: The U.S. Federal Reserve on Dec. 16 raised interest rates, ending what Fed Chairwoman Janet Yellen called an “extraordinary seven-year period” during which policymakers kept the federal funds rate near zero in an effort to support the economy. How will the Fed’s action affect Latin American economies, many of which are struggling with anemic growth and low prices for their commodity exports? How will the interest rate hike affect Latin American countries’ ability to pay off their ...
  • Authors
    Nisrine Ouazzani
    January 6, 2016
    The economic growth of the African continent and its positioning as an emerging force is a reality no longer questioned. Optimism surrounding the Africa rising narrative is supported by a growing young workforce, an expanding middle class, new discoveries of natural resources and minerals, relative political stability and infrastructure developments. Economic and international financial actors now recognize the potential that the continent represents for the world economy, consider ...
  • Authors
    December 23, 2015
    Global economic growth is likely to be a little better in 2016 than this year’s lackluster outcome. The ongoing slow recovery in the United States and Europe is likely to continue. However, weakness in China as well as several large emerging markets, and sluggishness of world trade, mean that risks are weighted on the downside of this forecast. Morocco, which is reliant on European markets, is a heavy importer of oil, and whose currency has devalued in effective terms, should find t ...
  • Authors
    December 14, 2015
    The end of supply chain is the natural corollary of the sustained price fall of virtually all commodities observed over the past many months. If it appears premature to state exactly what is the impact of this deconsolidation in the commodities value chain, it is believed that the strategic role of physical trading is strengthening. Under such circumstances, the industrial strategies of developing countries and commodity exporters may have to evolve and, in priority, foster optimizi ...
  • Authors
    December 8, 2015
    Trade negotiators rarely get to celebrate a victory. The United States, for example, has been negotiating over 15 bilateral free trade agreements, with none concluded since the Korea-US agreement was finalized at the end of 2010. This makes the recently finalized Trans-Pacific Partnership (TPP)agreement between the United States and 11 other countries all the more remarkable. But the TPP still faces major hurdles, not least a divisive ratification debate in the U.S. Congress, which ...