The global economy is weakening. Global growth is estimated at 3.7% in 2018, according the International Monetary Fund’s latest figures, and will slow to 3.5% in 2019. Europe is particularly affected. Prospects are much more uncertain than they were just a few months ago, forcing central banks to rethink their strategy of withdrawing stimulus. Several factors are at play and several risks are emerging. The Global Economy Lectures try to identify them and connect the dots between them, from the possibility of trade wars and the waning of the international economic order established after World War II, to the troubles of the monetary union and European politics facing nationalism and populism, to the still-unsolved aftermath of the decade-old global financial crisis.
The course is divided into four meetings from 4.15 to 7.30 pm. The dates of the lessons are:
12th march:
THE CHANGING FACE OF THE GLOBAL ECONOMIC ORDER. PROTECTIONISM AND TRADE WARS
- What is happening to the world order? The end of
- globalization?
- Trade wars or geopolitics? The US vs China.
- The EU and its trade policies
10th april:
THE EURO AT 20. THE ECB AFTER DRAGHI
- The original sins of the European monetary union.
- Euro reforms after the crisis: what was done and
- what remains to be done
- The future of the ECB and its monetary policy after the end of Draghi’s term
08th may:
THE EUROPEAN ELECTIONS IN THE FACE OF SURFING NATIONALISM AND POPULISM
- Europe votes at the end of May, facing the new threat
- of nationalism and populism.
- The fraying appeal of traditional political parties.
- No more European integration?
12th june:
TEN YEARS AFTER THE GREAT FINANCIAL CRISIS. ARE WE SAFER?
- Ten years of reforms of the rules of global finance.
- Why is Europe lagging behind?
- Next opportunities, next threats: fintech, shadow banking, too-big-to-fail.
