In the context of escalating geopolitical tensions, environmental challenges and rapid technological change, industrial policies – state-led strategic interventions designed to reshape an economy’s production structure – have made a comeback in both advanced economies and emerging markets. These policies seek to address global market failures such as climate change, foster economic growth, boost innovation and improve competitiveness. However, they have a mixed track record and pose complex challenges, which this panel will explore.
Tis discussion examined whether and how emerging markets can use industrial policy to drive sustainable economic growth, diversify economies and enhance competitiveness while navigating global geopolitical uncertainty and avoiding the mistakes of the past. It also explored how these economies can manage the delicate balance between national competitiveness and international cooperation.
Speakers:
Richard Porter, MD, Communications, EBRD
Beata Javorcik, Chief Economist, EBRD
Jeromin Zettelmeyer, Director, Bruegel
Bernardo Sestini, Chairman and Chief Executive Officer, SIAD Group
Leslie Maasdorp, CEO of British International Investment
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In the context of escalating geopolitical tensions, environmental challenges and rapid technological change, industrial policies – state-led strategic interventions designed to reshape an economy’s production structure – have made a comeback in both advanced economies and emerging markets. These policies seek to address global market failures such as climate change, foster economic growth, boost innovation and improve competitiveness. However, they have a mixed track record and pose complex challenges, which this panel will explore.
Tis discussion examined whether and how emerging markets can use industrial policy to drive sustainable economic growth, diversify economies and enhance competitiveness while navigating global geopolitical uncertainty and avoiding the mistakes of the past. It also explored how these economies can manage the delicate balance between national competitiveness and international cooperation.
Speakers:
Richard Porter, MD, Communications, EBRD
Beata Javorcik, Chief Economist, EBRD
Jeromin Zettelmeyer, Director, Bruegel
Bernardo Sestini, Chairman and Chief Executive Officer, SIAD Group
Leslie Maasdorp, CEO of British International Investment
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COP26, or the 2021 United Nations Climate Change Conference, will bring international stakeholders together to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change. It takes place next month in Glasgow.
The stake are very high, as the climate emergency, highlighted in the IPCC report from earlier this year, requires urgent and decisive action from the world’s governments.
The climate emergency cannot remain an abstract notion but must become a strong driver of macroeconomic policy if we are to avoid the “hell of earth,” the report concluded.
Our COP 26 special EconTalk gathered experts in the field to discuss climate action, the obstacles to achieving net-zero, and the social and economic implications of a Just Transition.
Join Jonathan Charles, EBRD Managing Director for Communications, in conversation with:
Professor Mike Spence, a Nobel Laureate in Economic Sciences (2001). He is also a senior fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University.
Jean Pisani-Ferry, a non-resident senior fellow at the Peterson Institute for International Economics. He holds the Tommaso Padoa-Schioppa Chair of the European University Institute in Florence and is a senior fellow at Bruegel.
Beata Javorcik, EBRD Chief Economist and Professor of Economics at the University of Oxford.
The discussion was opened by a special address from Odile Renaud-Basso, EBRD President.
Like what you hear? Review our podcast on iTunes or tweet us @EBRD #EBRDEconTalks.
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In the context of escalating geopolitical tensions, environmental challenges and rapid technological change, industrial policies – state-led strategic interventions designed to reshape an economy’s production structure – have made a comeback in both advanced economies and emerging markets. These policies seek to address global market failures such as climate change, foster economic growth, boost innovation and improve competitiveness. However, they have a mixed track record and pose complex challenges, which this panel will explore.
Tis discussion examined whether and how emerging markets can use industrial policy to drive sustainable economic growth, diversify economies and enhance competitiveness while navigating global geopolitical uncertainty and avoiding the mistakes of the past. It also explored how these economies can manage the delicate balance between national competitiveness and international cooperation.
Speakers:
Richard Porter, MD, Communications, EBRD
Beata Javorcik, Chief Economist, EBRD
Jeromin Zettelmeyer, Director, Bruegel
Bernardo Sestini, Chairman and Chief Executive Officer, SIAD Group
Leslie Maasdorp, CEO of British International Investment
