January 25, 2022, Video: "As we enter into the new year, one cannot help but wonder where the global economy is headed in 2022. How are economists interpreting the warning signs for the post-pandemic global economic recovery, including soaring inflation, still-raging pandemic, uneven vaccination rates, intensified inequalities within and among countries? As attention is drawn to expected global impact of Fed's monetary policy, and the world undergoes profound restructuring in numerous areas such as supply chains, digitalization and decarbonization, what trends will be shaping economic development in 2022 and beyond? In the midst of incessant and escalated conflicts between the US and China, this so-called most important bilateral relationship in the world has been put under extreme pressure. Despite the fact that the “new normal” in the US-China relationship lies at strategic and economic competition, trade ties still serve as the bedrock of this relationship. With US-China tariffs still in effect, what can be done to deter this important bilateral relationship from further deteriorating? How can the world’s two largest economies and carbon emitters partner up through systematic and concrete actions in the realms of infrastructure and climate? With the aim of assessing the directions of the world economy and navigating the US-China relations in 2022, on Jan 25/26th, the Center for China and Globalization (CCG) is pleased to host a fireside chat between President Emeritus of Harvard University, Prof. Lawrence H. Summers, and CCG President Dr. Wang Huiyao. Prof. Summers is a renowned economist who used to serve as US Treasury Secretary for the Clinton administration, Director of the US National Economic Council for the Obama administration, as well as Chief Economist for the World Bank. Speakers: Lawrence H. Summers, Former Secretary of the US Treasury; President Emeritus and Charles W. Eliot University Professor, Harvard University Huiyao (Henry) Wang, President, Center for China and Globalization (CCG)."
HKS Author - Lawrence Summers