You are here

Prospects for the Global Economy

Prospects for the Global Economy

Thursday,  28 April 2011

Jacob A. Frenkel, Chairman of JPMorgan Chase International, Member of the Executive Committee at JPMorgan Chase & Co. and the JPMorgan International Council; Joseph E. Stiglitz, Professor at Columbia University and President of the Initiative for Policy Dialogue (IPD); and Min Zhu, Special Advisor to the Managing Director of the International Monetary Fund, presented their views on the challenges and prospects of today’s global economy as part of Columbia University’s School of International and Public Affairs’ 2011 Distinguished Speakers in International Finance and Economic Policy series.

Frenkel noted the growing importance of emerging markets. Not only are equity flows moving to emerging markets, but their gross domestic product (GDP) rates significantly surpass those of advanced economies. Stiglitz discussed the growth of emerging markets as well as the failure of monetary and fiscal policies in the United States. He believes that the United States’s prospects for a rapid recovery remain bleak. Lastly, Zhu remarked on the changes occurring in commodity and energy demand, the global trade pattern, and the world financial map—with everything moving in the direction of emerging markets. Despite this growth, these economies will face daunting challenges in maintaining sustainable growth.

Merit E. Janow, Professor of International Economic Law and International Affairs and Director of the Program in International Finance and Economic Policy at Columbia’s School of International and Public Affairs (SIPA), moderated this event.

This event was co-sponsored with SIPA’s International Finance and Economic Policy (IFEP) Concentration and the APEC Study Center. Watch video.

Contact Us

APEC Study Center at Columbia University
Columbia University, 3022 Broadway
2M-9 Uris Hall
New York, NY 10027-7004
212-854-3976

Events

April 8, 2014

The ‘History Problem’

April 23, 2014

My Fight for a New Taiwan: One Woman's Journey from Prison to Power

April 25, 2014

Culture and Everyday Life in North Korea

The Curl Ideas to wrap your mind around

Why M&A Is Different in Japan

A byproduct of Japan's sluggish economy has been an uptick in merger and acquisition activity.

Read More >

Students Pitch Their Startups at the Fall Venture Fair 2014

Forty startups from Columbia Business School pitched their companies and products to a diverse crowd of students, professional advisors, alumni, and early-stage investors.

Read More >

Columbia Business School Professor Predicts How Changes in Banking Laws Could Fuel Emerging Economies of Tomorrow

New research tracks emerging countries’ economics activity after law changes and finds a boost in access to credit; increase in employment rate; increase in productivity and sales for firms

Read More >

Power Isn't Enough: Study Reveals the Missing Link for Effective Leadership

New research from Columbia Business School shows that powerful leaders fail to listen properly and take others’ accounts into perspective, jeopardizing the impact they could have

Read More >

Europe's Lapse of Reason

The European Union's malaise is self-inflicted, says Columbia Business School's resident Nobel Laureate.

Read More >

The Road to the C-Suite Goes Through Asia

No matter where your home base is, Asia is a necessary stopover on the career path to the corner office. Top search executives explain why.

Read More >

What Makes China Buy

Tom Doctoroff, head of JWT South Asia, reveals how to snag a coveted market: Chinese online shoppers

Read More >

Zelon Crawford Named Assistant Dean of Student Affairs

Effective January 5, Zelon Crawford ’96TC will serve as Columbia Business School’s new Assistant Dean and Dean of Students, Full-Time MBA Program.

Read More >

The Expat's Dilemma

A foreign posting is a real resume booster — right? Not always, especially if you're coming from outside the United States to work within its borders. Assistant Professor Dan Wang explains.

Read More >