The global economy is evolving, and Europe faces pivotal choices. This lecture examines how EU policy decisions will shape future stability and influence.
The EMU Lab is pleased to invite you to its this Annual Lecture, featuring Adam S. Posen, president of the Peterson Institute for International Economics (PIIE) , who will examine Europe’s role in the evolving global economic landscape.
The US withdrawal from providing insurance to the global economy has created a new economic geography. While trade conflict and direct security arrangements get most of the attention, there are profound shifts underway in monetary, technological, commercial investment, and intellectual realms as well. Europe retains great agency in determining how it navigates this unfamiliar terrain - even if the world economy will remain less secure than it was, there is a wide range of outcomes from good to bad which depend upon European policy choices.
If the European Union steps into parts of the insurance provider role, playing to its relative strengths as an open economy with rule of law, evidence based policy making, and separation of national security concerns from most commercial ones, both Europe and the world outside of China and the US will benefit. If the EU attempts to compete with China and the US on their terms instead of its own, however, it will lose and the world will lose a main source of hope.
If you would like to join the event remotely please use the link below:
https://eui-eu.zoom.us/j/95423852796
Prof Posen is also happy to meet with students and researchers of the EUI in the morning of the 18th of March at Villa Schifanoia. Please contact adrian.angheluta@eui.eu to book your slot.
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The Economic and Monetary Union Laboratory (EMU Lab) is a collaborative initiative driven by the Tommaso Padoa-Schioppa Chair and the Pierre Werner Chair, aiming to reassess the Economic and Monetary Union's structure in light of current European and global economic conditions.
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