The war in Ukraine, coming just two years after the start of the pandemic, is yet another economic shock, catastrophic for Ukraine, bad for Russia and significant for the rest of Europe and much of the wider world. Russia and Ukraine account for only 2 percent of global output and a similar proportion of world trade. Yet they matter to the world economy, all the same, mainly because they are important suppliers of essential commodities, notably cereals, fertilisers, gas, oil and vital metals, whose prices in world markets have all soared.
Join Martin Wolf, Chief Economics Commentator, Financial Times as he discusses what the most effective policy responses are in such an environment on day two of the Global Boardroom.
Global Economics: How should policymakers respond to the economic impact of the war in Ukraine?
Austan Goolsbee, Robert P. Gwinn Professor of Economics, University of Chicago Booth School of Business; former Chair, US Council of Economic Advisers
Arvind Subramanian, Senior Fellow, Watson Institute for International and Public Affairs, Brown University; former Chief Economic Adviser, Government of India
Beatrice Weder di Mauro, President, Centre for Economic Policy Research
Moderator: Martin Wolf, Chief Economics Commentator, Financial Times
Continuing the conversation on day two, we will be looking at whether Russia and China will create a new world order?
China has voiced support for Russia against western interference in the war in Ukraine. With Vladimir Putin and Xi Jinping apparently united in the belief that the US-led “unipolar” world order is waning, might they create a new world order? How far do their interests coalesce? Are we moving to a multi-polar landscape with the superpowers holding spheres of influence in different regions of the world? Would this be a safer or more dangerous world?
Gideon Rachman, Chief Foreign Affairs Commentator, Financial Times will be joined by:
Sergei Guriev, Professor of Economics, Sciences Po
Alexander Stubb, Director, School of Transnational Governance, European University Institute; former Prime Minister, Finland
Yun Sun, Senior Fellow and Director of China Program, Stimson Center