Global Economic Imbalances: What businesses need to know
PART ONE: Is the correction in the U.S.-China consumption/savings imbalance temporary or start of a sustainable trend?… view details
11 October, 2012 | (01 hr)
The risk surrounding economic imbalances is that they could prove unsustainable and the correction process might not be gradual and smooth, instead the unwinding of imbalances could be very sudden and destructive as the case with the U.S. housing and credit bubble. Businesses need to be aware of the imbalances and then assess their corporate risk and exposure to an unwanted disorderly unwind.
Audience: Economists, C-Suite, Strategists, Risk Managers
The trade imbalance between the U.S. and China is the largest in the world and is driven by the large consumption and savings imbalances between the two major trading partners. To correct to a healthy level, U.S. consumers need to save more and spend less, while Chinese consumers need to spend more and save less. How likely is that to emerge over the medium to long-term?
Speakers
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Pieter Bottelier
Economist and China scholar. Senior Adjunct Professor at the Johns Hopkins University School of Advanced International Studies (SAIS) since 1999. Senior Advisor on China to The Conference Board. Adjunct Lecturer at Harvard University (KS... Full Bio |
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Andrew Polk
Andrew Polk is the resident economist at The Conference Board China Center for Economics and Business in Beijing. Previously, Polk worked at the Institute of International Finance, where he conducted macroeconomic analysis on emerging markets in t... Full Bio |
PART TWO: Are European countries resolving their structural deficiencies?… view details
12 October, 2012 | (01 hr)
The risk surrounding economic imbalances is that they could prove unsustainable and the correction process might not be gradual and smooth, instead the unwinding of imbalances could be very sudden and destructive as the case with the U.S. housing and credit bubble. Businesses need to be aware of the imbalances and then assess their corporate risk and exposure to an unwanted disorderly unwind.
Audience: Economists, C-Suite, Strategists, Risk Managers
European countries are desperately trying to find a way to renew growth and narrow the growth differenitals across the Eurozone. But is the Eurozone economy really returning to a more balanced growth path? Are Europe countries resolving their structural deficiencies?
Speakers
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Bart van Ark
Bart van Ark is executive vice president and chief economist of The Conference Board. He leads a team of almost two dozen economists who produce a range of widely watched economic indicators and growth forecasts, as well as indepth global economic... Full Bio |
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Brian Schaitkin
Brian Schaitkin is an economist at The Conference Board. Schaitkin joined The Conference Board in 2007 as a research analyst for the Global Indicators Research Institute program. Schaitkin helped develop The Conference Board Leading Ec... Full Bio |
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Nicolas Veron
Nicolas Véron’s research focuses on financial systems and financial regulation in Europe and at global level. He coordinates Bruegel’s research in this area and has written policy papers for Bruegel on banking supervision and cr... Full Bio |
PART THREE: Are the emerging economies set to lessen their savings pool and provide less capital abroad?… view details
18 October, 2012 | (01 hr)
The risk surrounding economic imbalances is that they could prove unsustainable and the correction process might not be gradual and smooth, instead the unwinding of imbalances could be very sudden and destructive as the case with the U.S. housing and credit bubble. Businesses need to be aware of the imbalances and then assess their corporate risk and exposure to an unwanted disorderly unwind.
Audience: Economists, C-Suite, Strategists, Risk Managers
“Export gaps” and “investment gaps” in poorer parts of the world have created massive financial and capital flows between large economic blocks. These flows have become unsustainable, especially in the light of a highly integrated global financial market, which has been characterized by an acceleration in deregulation and scaling up of financial innovations. Will the "savings glut" from emerging markets start to shrink?
Speakers
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Kathleen Stephansen
Kathleen Stephansen is Managing Director, Senior Investment Strategist and Global Head of Sovereign Research at AIG Asset Management. Her role is to develop thought leadership that helps shape investment decisions/strategies that meet the portfoli... Full Bio |
Series Host
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Kathy Bostjancic
Director for Macroeconomic Analysis The Conference Board Kathy Bostjancic is director for macroeconomic analysis at The Conference Board. A specialist in the U.S. economy and financial markets, she is a member of the team that produces the U.S. economic forecast and global outlook for The Conference Boa... Full Bio |
