Is Free Trade Over? Towards a New World Economic Order

Date: 
Tuesday, October 08, 2019
To: 
Tuesday, October 08, 2019
Time: 
8:00 AM
To: 
9:30 AM
Venue: 
Faber Hall 302, Ateneo de Manila University

Abstract
10 years after the "Great Recession" the world has recovered, although at different speeds in different parts of the world. When it seemed that growth was consolidating in most regions of the world, some political changes have incresed uncertainty worldwide. The election of Donald Trump as President of the United States has led to a questioning of Free Trade as a critical element in economic growth and development, which constituted a fundamental basis of globalization in recent decades. At the same time the Brexit vote has led to what some analysts call an "existential crisis" in Europe, and changes in monetary policies and capital flows have created new conditions that increase uncertainty in emerging markets. This Master Class will present the current state of the economy in several regions and countries and will discuss the potential future implications of the changes that we are witnessing at the local and global environment.

About the Speaker
Professor Gonzalo Garland
is the Vice President for External Relations at IE University in Madrid, Spain and a member of the Executive Committee. Prior to this, he was the Director General of International Relations, Vice Dean for the Faculty, and Director of the Economics Department. He studied Economics at Universidad de Pacifico in Lima, Peru, and at Stanford University and University of Pennsylvania in the United States. At present, he combines his management responsbilities with teaching courses on Managerial Economics, Economics Development and Country Economic Analysis.