Balancing the Global Economy

Axel A. Weber, Visiting Professor of Economics, The University of Chicago Booth School of Business, and former President, German Central Bank

Economic interconnectedness has brought unprecedented levels of prosperity to much of the world. However, the financial and economic crisis has brought to the forefront the global disequilibria that had been concealed by pre-crisis exuberance. Western countries are facing debt crises, while emerging economies are overheating. What are the causes of these imbalances? What can countries do about chronic deficits or surpluses? How can we secure sustainable global economic growth? Join us for part one of our fall 2011 Global Economy Series with Axel A. Weber, as he offers an assessment of the current trends, and discusses the policy options available for balancing the global economy.

Speaker Bio

Pre-Reads

Gail MarksJarvis, "Former German central banker fears conditions will worsen in Europe," Chicago Tribune, 9/16/2011

Additional Information

The Global Economy Series is generously supported by HSBC.