The global economic landscape is changing, reflecting the U.S. financial crisis and unresolved global imbalances. Advanced economies are faltering, while emerging market economies continue expanding. Currencies have moved sharply, and the U.S. dollar has depreciated considerably, leading some to even question the dollar’s future as a reserve currency.
On July 22, Global Economy and Development at Brookings hosted John Lipsky, first deputy managing director of the International Monetary Fund, for a conversation on the evolving global economic landscape. Lipsky will provide a perspective on the economic outlook and the role of currencies in the global economy.
Following Lipsky’s remarks, an expert panel will discuss the challenges confronting the global economy and the financial markets in greater detail. Panelists include David Lipton, head of global country risk management for Citigroup, and Domenico Lombardi, Brookings nonresident senior fellow and president of The Oxford Institute for Economic Policy. Lael Brainard, vice president and director, Global Economy and Development and Bernard L. Schwartz Chair in International Economics, will provide introductory remarks and moderate. After the program, panelists will take audience questions.
“The 21st century has revalued these small geographies. That’s what the 21st century demands,” Katz said, noting that these days, “[w]e aren’t innovating in isolated business parks” in the suburbs.
"Instead of stopping trade, modernize the trade agreements, but also provide safety nets for workers. Because these things are going to keep happening, not only because of trade but because of modernization."