Beyond Globalization

Prospects and Challenges for Sustainable Growth
Thursday February 2, 2017

Overview

The former Governor of the Bank of England, Mervyn King, once said that “banks are global in life, and national in death.” Nearly a decade after the onset of the Global Financial Crisis, international financial markets have roared back, but many national economies are still struggling. The top-heavy recovery has caused rolling regional political and humanitarian crises, prompting renewed criticism of the Washington Consensus model of privatization, deregulation, and austerity.

This seminar explores the relationship between domestic and global economic conditions, and the role of national policymaking in structuring the international financial system. Questions to be addressed include:

  • What is necessary or desirable for sustainable economic development - Monetary sovereignty? Foreign investment? Export-led growth?

  • What are the major determinants of cross-border capital flows?

  • What is the role of transnational regulation, especially with respect to labor and the environment?

  • Under what conditions, if any, is “free trade” desirable?

Participants

Speakers:

Frank Newman

Frank Newman has served as Undersecretary and Deputy Secretary of the U.S. Treasury, where he was awarded the Alexander Hamilton Award, the Department’s highest honor.

Mona Ali

Assistant Professor of Economics
State University of New York, New Paltz

Mona Ali is an assistant professor of economics at the State University of New York at New Paltz. She teaches courses in international trade and finance, multinational corporations, and asymmetries in the global economy. Her research centers on understanding the place and privilege of the US in the global economy.

Fadhel Kaboub

Associate Professor of Economics
Denison University

Dr. Fadhel Kaboub is Associate Professor of Economics at Denison University (OH) and President of the Binzagr Institute for Sustainable Prosperity.

Moderator: 

François-René Burnod

Teaching Fellow
Columbia University

François-René Burnod graduated from the Paris School of Economics (PSE) in 2016. He is currently a teaching fellow at Columbia University and contributes to the Private Debt Project. His research interests focus on financial economics.

Resources

Core Resources