The Philippine Institute for Development Studies (PIDS) conducted a seminar on “Diminished Global Growth Prospects: New Economic Uncertainty and the Philippines” on February 23, 2016, Tuesday, from 2:00 p.m. to 4:00 p.m., at the PIDS Conference Room, 18th Floor, Three Cyberpod Centris - North Tower, EDSA corner Quezon Avenue, Quezon City.
The year 2016 began with great market volatility from Shanghai to Wall Street. US recovery is slowing amid presidential campaigns while economic and political tensions are re-escalating in Europe. Japan is experiencing its third lost decade and China`s growth is decelerating. Brazil and Russia are amid contraction. World trade seems frozen. Oil and commodities are plunging. Currency wars are the new normal. Nevertheless, the US Federal Reserve is hiking rates. The Middle East is ablaze. Refugee crisis is the worst since 1945. How will emerging economies fare in the new normal? And the Philippines?
Addressing these issues was the seminar`s resource speaker, Dr. Dan Steinbock, a recognized expert of the multipolar world. He focuses on international business, international relations, investment and risk among the major advanced economies and large emerging economies, as well as multipolar trends in currencies, commodities, etc. Dr. Steinbock is also a visiting fellow at the Shanghai Institutes for International Studies SIIS (China). He has likewise served as Research Director of International Business at the India China and America Institute (USA) and Fellow at the EU Center (Singapore).
Related Commentaries and Articles by Dr. Dan Steinbock
The Era of Caliphate Terror
The Internationalisation of the RENMINBI
Asia's catch-up with the West runs into a growth bottleneck
A Pyrrhic Deal: How Greece's Creditors Won a Battle but May Have Lost the War
How can Brazil restore its growth trajectory? (The World Financial Review, Feb 24, 2016)
`Xiconomics` for challenging times (China Daily, Feb 23, 2016)
The Rise of the Philippine Economy (Business Mirror, Feb 21, 2016)
How international is International Monetary Fund (China.org [official government portal], Feb 4, 2016)
Japan's negative rate gamble (Shanghai Daily Feb 2, 2016)
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Video footages of this event is also available at our livestreaming page.
