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DTSTART;TZID=America/Toronto:20230615T130000
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SUMMARY:Watch the webinar: Inequities in the Global Financial System: Tackling the Looming Debt Crisis in the Global South
DESCRIPTION:As geopolitical shifts and emerging uncertainties continue to drive up debt servicing costs across the world\, with disproportionate impacts across poor and vulnerable countries\, economic systems in much of the Global South are under severe stress. From Sri Lanka and Ghana to Lebanon and Zambia\, tightening global financial conditions are wreaking havoc across several emerging markets and developing economies. The situation is particularly dire in the least developed countries\, with many countries in sub-Saharan Africa at high risk of debt distress. For instance\, in Africa’s most populous nation and largest economy\, Nigeria\, some estimates show parity between the cost of debt servicing and government’s retained revenue. Soaring interest rates\, rapid inflation\, slowing growth\, a strengthening dollar\, shrinking fiscal spaces\, and the cascading and connected crises are revealing stress points in the global financial architecture. To a large extent\, these dynamics underscore systemic inequities in the deeply flawed world economic order. To ensure the ongoing crisis does not erase years of development gains in the Global South\, a bold and urgent reform of the global financial system is key. While multilateralism and shared responsibility will continue to be relevant\, far-reaching reforms are needed to support structurally weak and vulnerable economies.    \n\n\n\nSpeaker Bio  \n\n\n\nFred Olayele is a public policy leader\, professor\, and economist\, with expertise in trade policy\, innovation\, political economy\, and inclusive development. He has published and shared best practices in these areas in scholarly and popular sources globally. He holds a PhD in Economics from Lancaster University\, United Kingdom\, and an MA in Economics from the University of Victoria in British Columbia\, Canada. He is Director\, Sprott Centre for African Research and Business\, Sprott School of Business\, Carleton University. Dr. Olayele serves on various non-profit boards and supports many social causes. Among others\, he is President\, Economic Innovation Institute for Africa and member of the Academic Advisory Board\, Emerging Markets Institute at Cornell University.   \n\n\n\nChaired by Roy CulpeperRoy is a development economist\, Honorary Senior Fellow of the University of Ottawa’s School of International Development and Global Studies\, Adjunct Professor at the Norman Paterson School of International Affairs\, Carleton University\, and a Fellow of the Broadbent Institute. He is Chair of the Group of 78\, which focuses on international affairs and Canadian foreign policy. From January until May 2011 he was Fulbright Canada Visiting Research Chair at the Woodrow Wilson International Center for Scholars in Washington\, D.C. From 1995 until 2010 he was President and Chief Executive Officer of The North-South Institute\, Ottawa. Earlier in his career\, he was an official at the World Bank in Washington\, the federal Departments of Finance and External Affairs in Ottawa\, and the Planning Secretariat of the Government of Manitoba in Winnipeg. Roy Culpeper obtained his Ph.D. in Economics at the University of Toronto. He has published widely on the issues of international development\, finance\, and global governance. 
URL:https://group78.org/event/inequities-in-the-global-financial-system-tackling-the-looming-debt-crisis-in-the-global-south/
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DTSTART;TZID=America/Toronto:20230620T130000
DTEND;TZID=America/Toronto:20230620T143000
DTSTAMP:20260410T160227
CREATED:20230613T184729Z
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SUMMARY:Watch the webinar: Anti-Inflation Policy\, Green Finance\, and the Climate Crisis
DESCRIPTION:In 2009\, a paper in Nature attempted to calculate how much of the world’s reserves of oil\, gas\, and coal would have to stay in the ground to hold rates of climate change to tolerable levels. Financiers and investors quickly realized the shattering implications: Companies and countries that thought they were sitting on the energy equivalent of goldmines were likely really holding worthless stranded assets.  \n\n\n\n​Soon a lively discussion started over the role central banks and financial regulators should play in making companies and countries acknowledge the reality of the climate crisis. But this discussion occurred in a long period of very low-interest rates. The recent turn to much higher interest rates by central banks to combat inflation along with a renewed emphasis on reining in government spending are now combining with a swing in policy toward LNG by the United States and other countries to bring climate policy to a fateful crossroads.  \n\n\n\n​This talk outlines what is at stake.   \n\n\n\nOur speaker:  \n\n\n\nThomas Ferguson is Director of Research at the Institute for New Economic Thinking\, Senior Fellow at Better Markets\, and Professor Emeritus at the University of Massachusetts\, Boston. He received his Ph.D. from Princeton University and taught formerly at MIT and the University of Texas\, Austin. He is the author or coauthor of several books\, including Golden Rule (University of Chicago Press\, 1995) and Right Turn (Hill & Wang\, 1986). His articles have appeared in many scholarly journals\, including the Quarterly Journal of Economics\, the Journal of Economic History\, International Organization\, and International Studies Quarterly. He is Contributing Editor to The Nation and a member of the editorial board of the International Journal of Political Economy.  \n\n\n\nModerator: \n\n\n\nMario Seccareccia is Professor Emeritus of the Department of Economics at the University of Ottawa\, where he taught full-time since 1978 courses in macroeconomics\, monetary theory\, history of economic thought\, labour economics\, and economic history\, among others\, until his retirement in 2018. He is author to some 130 academic titles in scholarly journals or book chapters; he has also authored or edited a dozen books. Furthermore\, he is editor or co-editor of approximately 50 special issues of journals on numerous themes in political economy. He has ben visiting professor at various universities in France (Université de Bourgogne\, Université de Grenoble\, Université Paris 13\, and Université Paris-Sud) and Mexico (National Autonomous University of Mexico). Research Associate at the Canadian Center for Policy Alternatives and\, since 2004\, editor of the International Journal of Political Economy\, an interdisciplinary journal published by Taylor & Francis focused on national and International Policy issues. Winner of the 2021 John Kenneth Galbraith Prize in Economics from the Progressive Economics Forum. He holds a doctorate in economics from McGill University.  \n\n\n\nOur Host \n\n\n\nSusan Tanner\, L.L.B.\, M.E.S.\, L.L.M While holding senior positions in both Federal and Ontario governments Susan has maintained an active role in the non-profit community. In 1982\, Susan was the founding chairperson of LEAF (Legal Education and Action Fund) to promote the rights of women under the Charter of Rights and Freedoms. In 1995\, Friends of the Earth (FoE) Canada accepted a UN Environmental Prize for work on the Montreal Protocol under her leadership. Susan continues to be actively involved with organizations such as Ottawa Renewable Energy Coop\, Women for Nature (Nature Canada)\, and Group of 78.
URL:https://group78.org/event/anti-inflation-policy-green-finance-and-the-climate-crisis/
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