Searching for Strategies to Restore Global Economic Stability and Growth

May 2, 2012

By: Michael H. Moskow, Vice Chair and Distinguished Fellow, Global Economy; Sally Blount; Martin Eichenbaum; Charles L. Evans; Raghuram Rajan

In advance of the G20 Summit in Los Cabos, Mexico, The Chicago Council on Global released a report, “Searching for Strategies to Restore Global Economic Stability and Growth.”  The report aims to enhance the current understanding of the world economy and to help identify possible short- and medium-term solutions to its growth. It summarizes a two-and-a-half day international economic conference hosted by The Chicago Council, in partnership with nine local and global institutions, on May 2-4, 2012.

Leading economists— Austan Goolsbee, former chairman of the U.S. Council of Economic Advisers; Yang Yao, Director of Peking University‘s Center for Economic Research; Charles L. Evans, president and CEO of the Federal Reserve Bank of Chicago; Susan Schwab, former U.S. Trade Representative; and Jeff Joerres, chairman and CEO, ManpowerGroup, and chair of the B20 Task Force on Employment, to name a few—participated in the conference and addressed key challenges confronting the global political economy, including sustained financial turmoil, renewed recessionary fears, persistent macro-imbalances, continued popular protest over damaged social compacts, and rising political populism. 

Topics covered in panel and breakout sessions, summarized in the full conference report, reveal the scope of the crisis and the interconnectedness among global economies. Commissioned papers, distributed in advance of the conference, examined The Current Crisis, The Medium-Term Outlook, Threatened Social Compacts and Political Responses, and New Economic and Political Models.

The Chicago Council on Global Affairs received generous support for the conference from the John D. and Catherine T. MacArthur Foundation, the Cooper Family Foundation, lead corporate sponsors JPMorgan Chase & Co. and Hyatt Hotels Corporation, and supporting corporate sponsors ManpowerGroup and Northern Trust Corporation.

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