Session: Session 1
Date/Time: April 26, 2016 / 13:00-14:30
Martin Fackler, Rebuild Japan Initiative Foundation
Steven Kargman, Kargman Associates
Lee Doowon, Yonsei University
T.J. Pempel, University of California, Berkeley
Zhang Jun, Fudan University
Eight years after the 2008 global economic downturn, the world has yet to fully recover its pre-recession levels of growth. The European Union is still struggling to resolve the Greek debt crisis and restore confidence in the Euro. In Asia, slow Chinese growth is wreaking havoc on the world market, while Japan’s ‘Abenomics’ have yet to achieve desired results. For emerging economies in Africa and South America, the glory days of double digit growth are over. In the Middle East, countries harrowed by conflict and plummeting oil prices are tasked with trying to develop and diversify their economies. How should the international community respond to these persisting levels of low growth? How will economic growth be defined in the “New Normal”? How will the liberal international order handle and manage global fiscal turmoil?