Global Economy Lecture jointly organized by the Oesterreichische Nationalbank and The Vienna Institute for International Economic Studies (wiiw)
Date: Thursday, 26 November 2020
Time: 4.00 pm (16.00 CET)
This year’s Global Economy Lecture will be given by Pol Antràs, Robert G. Ory Professor of Economics at Harvard University. Pol Antràs’s research interests are in the areas of international economics and applied theory. In his most recent work, he analyzed global value chains and the interplay between trade, inequality and costly redistribution.
The 2020 Global Economy Lecture will focus on the relationship between globalization and pandemics. On the one hand, deepening global integration can lead to multiple waves of infections, whereas, in a closed economy, only a single wave would occur. On the other hand, a pandemic may have a lasting impact on global value chains. Even though the growth of international trade flows has slowed down since the Great Recession, there is little systematic evidence for an era of de-globalization. The main challenge for the future of globalization is institutional and political in nature rather than technological. If it aggravates policy tensions across countries, the current health crisis may darken the prospects of globalization.
For information on registration, please visit OeNB webiste.