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IMF SEMINAR EVENT

DATE: October 11, 2017

DAY: Wednesday

5:45 PM - 7:00 PM

LOCATION: IMF HQ1 – Meetings Halls A&B

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Overview

Globalization 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 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 in recent years, as well as by concerns about loss of national sovereignty and homeland security, all of which help fuel anti-foreigner sentiments. This panel brings together some of the main contemporary thinkers on the topic, who will speculate on how the interplay of pro- and anti-globalization forces are likely to evolve in coming years and how policymakers can influence that outcome for the benefit of societal welfare at large. Use: #IMFglobal.

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The Future of Globalization

The Future of Globalization

Panelists

Moderator: Ernesto Zedillo

Ernesto Zedillo is Director for the Study of Globalization and Professor in the Field of International Economics and Politics at Yale University. Before that, he was Chairman of the Global Development Network, and served on several prominent commissions including the Commission on Growth and Development. He was President of Mexico from 1994-2000, and before that held several ministerial portfolios. He holds a Ph.D. from Yale University.

Panelist: Angus Deaton

Angus Deaton is Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at Princeton University’s Woodrow Wilson School, where he taught for thirty years. He is also Presidential Professor of Economics at the University of Southern California. He is the author of five books including, most recently, The Great Escape: health, wealth, and the origins of inequality. His interests include health, development, poverty, inequality, and wellbeing. He has written extensively on happiness, foreign aid, and how we should collect evidence for good policy. He is a member of the National Academy of Sciences and of the American Philosophical Society, and an Honorary Fellow of the Royal Society of Edinburgh. He was President of the American Economic Association in 2009, and in 2015 he received the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel “for his analysis of consumption, poverty, and welfare.” He was born in Edinburgh, Scotland and is a British and an American citizen; his BA, MA, and PhD are from Cambridge University. In 2016, he was made a Knight Bachelor for his services to economics and international affairs.

Panelist: Larry Summers

Lawrence H. Summers is the Charles W. Eliot University Professor and President Emeritus of Harvard University. During the past two decades, he has served in a series of senior policy positions in Washington, D.C., including the 71st Secretary of the Treasury for President Clinton, Director of the National Economic Council for President Obama, and Vice President of Development Economics and Chief Economist of the World Bank. He received a bachelor of science degree from the Massachusetts Institute of Technology in 1975 and was awarded a Ph.D. from Harvard in 1982. In 1983, he became one of the youngest individuals in recent history to be named as a tenured member of the Harvard University faculty. In 1987, Mr. Summers became the first social scientist ever to receive the annual Alan T. Waterman Award of the National Science Foundation (NSF), and in 1993 he was awarded the John Bates Clark Medal, given every two years to the outstanding American economist under the age of 40. He is currently the Charles W. Eliot University Professor at Harvard University and the Weil Director of the Mossavar-Rahmani Center for Business & Government at Harvard’s Kennedy School. He and his wife Elisa New, a professor of English at Harvard, reside in Brookline with their six children.

Panelist: Laura Tyson

Laura D. Tyson is a Distinguished Professor of the Graduate School and Director of the Institute for Business & Social Impact at the Berkeley Haas School of Business. She chairs the Blum Center for Developing Economies Board of Trustees. From 2002-2006, she served as Dean of London Business School and from 1998-2001 she served as Dean of the Berkeley-Haas. Tyson was a member of the US Department of State Foreign Affairs Policy Board and a member of President Obama’s Council on Jobs and Competitiveness and the President’s Economic Recovery Advisory Board. She served in the Clinton Administration as the Chair of the Council of Economic Advisers (1993-1995) and as Director of the National Economic Council (1995 – 1996). She is a member of the Board of Directors of AT&T, CBRE Group Inc. and Silver Spring Networks. She is the co-author of Leave No One Behind, a report for the United Nation’s High-Level Panel on Women’s Economic Empowerment.

Panelist: Martin Wolf

Martin Wolf is Chief Economics Commentator at the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 for services to financial journalism. He was a member of the UK government's Independent Commission on Banking between June 2010 and September 2011. He is an honorary fellow of Nuffield College, Oxford and of King's College, London. He has honorary doctorates from five universities, including the London School of Economics. He is a University Global Fellow of Columbia University, New York, and a Senior Fellow in Global Economic Policy at its School of International Public Affairs. Mr. Wolf won the Ludwig Erhard Prize for economic commentary for 2009, the 33rd Ischia International Journalism Prize in 2012, and the Overseas Press Club of America's prize for "best commentary on international news in any medium" for 2013. His most recent books are Why Globalization Works (Yale University Press, 2004), Fixing Global Finance (Johns Hopkins University Press and Yale University Press, 2008 and 2010), and The Shifts and The Shocks: What we've learned - and have still to learn - from the financial crisis (Allen Lane, 2014).