How to accelerate green, resilient, and inclusive global growth
ฝัง
- เผยแพร่เมื่อ 4 ก.พ. 2024
- The world is gradually recovering from the multiple shocks of the global pandemic, high inflation, and Russia’s invasion of Ukraine. The world’s economy has proven to be more resilient than expected, but not without large costs. In the next few years, global GDP is projected to grow at the slowest pace in decades. Downside risks-increasing geopolitical tensions, “higher-for-longer” interest rates, economic slowdown in China, and worsening impacts of climate change-may slow growth even further. The pace of income convergence between poor and rich countries is also projected to decline.
What policy changes are needed to accelerate global growth? What is the right fiscal, monetary and structural policy agenda for the US, China, Europe, and the rest of the world? How to make economic growth more green, resilient, and inclusive at the same time?
Speakers:
Dr. Keyu Jin, Associate Professor of Economics, London School of Economics
Dr. Kenneth Rogoff, Professor of Economics and Maurits C. Boas Chair of International Economics, Harvard University
Dr. Beata Javorcik, Chief Economist, European Bank for Reconstruction and Development
Dr. Boris Vujčić, Governor, Croatian National Bank
Moderator: Prof. Marcin Piątkowski, Professor of Economics at Kozminski University and Lead Economist at the World Bank - บันเทิง
Dr. Jin and prof. Rogoff disagree on whether china can close the technological gap to the US. Dr. Jin says the American sanctions will accelerate it, while prof. Rogoff is of the opinion (as most westners are) that the US has the advantage of the system inducive of innovations. I think they're not talking about the same innovations. Dr. Jin is mostly talking about catching up, when the goal is clear, e.g. 5nm, 3nm; while prof. Rogoff is talking about inventions mostly out of the thin air. So they're both right, but Dr. Jin is more right for the current phase of china's development.
Wealth redistribution is not working and the gap between rich and poor is widening.
This is like a programming error caused by an imbalance in the capitalist financial system and fiscal policy.
If the thick middle class falls into poverty, consumption will decrease, savings will increase, and the economy will worsen.
As long as individual policy management continues, it will be impossible to optimize a complex economy.
I think the only way to improve is to share open evaluation standards that incorporate AI-based system error correction into monetary and fiscal policy.
A meeting of enlightened and brilliant minds. This is how the world should compete - civilised.
NONSENCE
Nonsense
EVIL