Growing Apart

Economists Albert Fishlow and Karen Parker show that there is no simple link between the forces of globalization and increased wage inequality, either in the United States or in several other countries.

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Stephen C. Freidheim Symposium on Global Economics

8:00 to 8:30 AM Breakfast Reception

8:30 to 9:45 AM Session One
Currency Wars, Capital Controls, and the Outlook for the International Monetary System
Ajay Shah, Professor, National Institute for Public Finance and Policy, New Delhi
Benn Steil
, Senior Fellow and Director of Interntional Economics, Council on Foreign Relations; Author, Money, Markets, and Sovereignty
Alan M. Taylor, Senior Advisor, Morgan Stanley; Professor of Economics and Director of the Center for the Evolution of the Global Economy, University of California, Davis
Presider: Sebastian Mallaby, Director, Maurice R. Greenberg Center for Geoeconomic Studies, and Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations; Author, More Money Than God: Hedge Funds and the Making of a New Elite

10:00 to 11:00 AM Session Two Keynote
Lawrence Summers, Director, National Economic Council; Former Secretary of the Treasury, U.S. Department of the Treasury
Presider: Tim W. Ferguson, Editor, Forbes Asia

11:15 AM to 12:30 PM Session Three
Trade Tensions: Challenges and Opportunities After the Midterm Elections
Charlene Barshefsky
, Senior International Partner, WilmerHale; Former U.S. Trade Representative
Jagdish Bhagwati, Senior Fellow for International Economics, Council on Foreign Relations; Professor of Economics and Law, Columbia University; Author, In Defense of Globalization and Termites in the Trading System: How Preferential Agreements Undermine Free Trade
Douglas A. Irwin
, Robert E. Maxwell '23 Professor of Arts and Sciences, Department of Economics, Dartmouth College; Author, Free Trade Under Fire
Presider: Edward Alden, Bernard L. Schwartz Senior Fellow, Council on Foreign Relations; Former Washington Bureau Chief, Financial Times

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World Economic Update Special Edition: The Great Globalization Debate

Speaker: Alan B. Krueger
Speaker: Stephen S. Roach
Speaker: Matthew J. Slaughter
Presider: Daniel K. Tarullo

7:45 – 8:00 a.m. Breakfast
8:00 – 9:15 a.m. Meeting

In this Special Edition of the World Economic Update, the panel will depart from its usual agenda of assessing near-term developments and instead consider some of the broader global economic trends and longer-term prospects that are setting the terms of current policy debate, including the impact on jobs and wages, the changing role of China in the world economy, and the backlash against globalization. In addition to regular partipants Stephen Roach and Daniel Tarullo, the panel will include two distinguished academic economists with government policy experience -- Alan Krueger of Princeton and Matthew Slaughter of Dartmouth.

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Must Read

Washington Post: Why the Elites Are Rising Up

Author: Jackson Diehl

"[G]lobalization is not merely an economic story. It is accompanied by the spread of freer and more inclusive elections to dozens of countries where they were previously banned or rigged. That has enabled the rise of populists who cater to globalization's losers and who promise to crush the old establishment and even out the rewards. In country after country, they've succeeded in monopolizing the political system. Hence, the elite revolt."

See more in Global; Globalization; Political Movements and Protests

Must Read

Institute of Defence and Strategic Studies: Globalization and Military-Industrial Transformation in South Asia: An Historical Perspective

Author: Emrys Chew

This report by the Institute of Defence and Strategic Studies in Singapore examines the roots and ramifications of military-industrial globalization in South Asia, locating them firmly within the dynamic military cultural context of the subcontinent's history. In so doing, it stives to redress perceived imbalances in the contemporary emphasis of current debates about the nature and impact of globalizing supra-national forces. It also seeks to review possible implications of long-term trends and patterns for the future security of the region.

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Must Read

Trading Places

Trading Places. Peter F. Drucker. National Interest, Spring 2005

The New world economy is fundamentally different from that of the fifty years following World War II. The United States may well remain the political and military leader for decades to come. It is likely also to remain the world's richest and most productive national economy for a long time (though the European Union as a whole is both larger and more productive). But the U.S. economy is no longer the single dominant economy...

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