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Speaker(s): Mohamed A El-Erian
Chair: Professor Willem Buiter
Recorded on 11 November 2008 at Sheikh Zayed Theatre, New Academic Building
The global economy is experiencing a number of consequential transformations that impact long-standing economic and financial relationships. The resulting change goes well beyond the emergence of a new destination for the global economy; it is also reflected in what is an inevitably bumpy journey that is prone to a series of market accidents and policy mistakes. In his presentation, Mohamed A. El-Erian will discuss the nature of the transformations. He will detail the drivers, and illustrate how they relate to the unusual developments being experienced by international markets. He will conclude by identifying some of the retooling challenges that confront investors, firms, governments, and the multilateral system.