Geopolitical tensions, the rise of China, and technological change are creating new pressure points in the global economy. The Washington Post Join her live with International Monetary Fund Managing Director Kristalina Georgieva and former World Bank President Robert B. Zoellick to discuss the current outlook for the global economy, fears of economic fragmentation, and the future. Let's talk about the forces that shape the world.
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“We have learned an important lesson in recent years: Countries with strong fundamentals and who have built buffers during good times are better able to withstand shocks. It was the same way they responded to the coronavirus pandemic. Buffers are now drying up around the world, and fiscal authorities are tightening at a time when growth prospects are softening in the fight against inflation. They have the unenviable task of building buffers.” – Kristalina Georgieva (Video: Washington Post Live)
“The United States has the privilege of providing the dollar, a universal medium of exchange, to the rest of the world. And that puts the United States in a privileged position…. There is a market and it is very attractive for other countries to bring in capital. That being said, it is important for the US to maintain fiscal discipline. When we spent money for the United States, it not only helped itself, but it also helped the rest of the world….The United States has room to think about how to be more disciplined with public spending.” – Kristalina Georgieva (Video: Washington Post Live)
“If you look at the world today, we are not yet at the stage we were in during the First Cold War. But when we get there, we will have a very We must keep in mind that there will be serious consequences for the world. The most difficult and forever affecting part of my life during the Cold War was the reduction of freedom in the world. Unable to communicate with other countries in… I don't want anyone to see a world with more restrictions, less freedom, and less ability to make decisions that benefit us all. ” – Kristalina Georgieva (Video: Washington Post Live)
“If we want to tackle climate change and how to deal with additional solar power generation for example, why do we need to put hefty taxes and tariffs on solar panels from China? Someone says we need it for security. I've been in the national security field for 30 years, and I still don't understand why we need solar power in times of conflict… Looted. are primarily poor countries…. This is where Biden and Trump are aligned, partly for domestic political reasons, in favor of putting up more trade barriers, which would harm the United States. , will harm the rest of the world as well. And in areas like digital, we will be left behind in establishing future standards.” – Robert B. Zoellick (Video: Washington Post Live)
International Monetary Fund Managing Director
Former World Bank President
Former Deputy Secretary of State
Content from the Japanese government
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(Video: Washington Post Live)
Japan: Rapidly changing prime investment
In Japan, individuals, the government, and the financial industry place emphasis on asset management for economic growth. The Japanese government is actively promoting structural reforms with the keyword “asset management center.” A corner by Columbia SIPA professor Keiko Honda and BlackRock CEO Larry Fink will provide an international perspective on the current and future of the Japanese economy and investment, with a focus on government initiatives.
BlackRock Chairman and CEO
Adjunct Professor, School of International and Public Affairs, Columbia University
