Davos 2022: What next for global growth?

-Economists Gita Gopinath and Mariana Mazzucato, and industrialist Jim Snabe spoke at Davos 2022 at a session called, What next for global growth?

-Watch the session here.

-Subscribe to the podcast Agenda Dialogues.

 
The recovery from the COVID-19 crisis has been deeply uneven within and between countries, depending on their access to fiscal resources and vaccines. Food, fuel and resource crises now risk further derailing an equitable recovery.

How can a broader set of foundations for growth ensure long-term economic prosperity and a return to international convergence?
This is the full audio from a panel discussion at Davos 2022 with Tom Keene, Managing Editor, Bloomberg Television & Radio; Jim Hagemann Snabe, Chairman, Siemens AG; Mariana Mazzucato, Professor, University College London (UCL); Gita Gopinath, First Deputy Managing Director, International Monetary Fund.

This transcript is computer-generated and may contain inaccuracies,

Tom Keene: And we welcome all of you to a hugely anticipated panel. I can’t say enough about that. And in all my years of doing this, there’ve literally only been four or five panels as interesting as this and the incredible success of the World Economic Forum. And thank you, John, for putting together this intelligent and eclectic and varied group.

I’m not going to go through lengthy introductions. I lobbied for a three-hour summit and I didn’t get it. It’s not a TED talk, is it? We can go a little bit longer than that. But this is a stellar crew and I urge you to read what they do.

Jim, you just came back from from the North Pole. Something like that. Gita has been very visible with the responsibilities for the International Monetary Fund. Mazzucato is a virtual machine. She brought along her book and what’s great about this “Mission Economy”. Matt Damon has just signed for the movie 2024.

But seriously, I’ll mention some things along the way to advance your understanding of growth, which I think it’s important to leave the panel today with a desire to understand this mystery very quickly. A guy named Solo, MIT, a few years ago invented the modern lexicon. Somebody called Stan Fisher, the North Star of economics, Olivier Blanchard, at that the other day. But there’s a guy named Chad Jones. I can’t remember if he’s at Berkeley or Stanford – he goes back and forth every ten years – who maybe owns my high ground on growth. And what you learn is this is a borderline religious experience. The maths gets you so far and then there’s a huge mystery with it, which in the corporate world James now is working on. Mariana Mazzucato hitting us over the head with our economic history. And the challenges to modern capitalism. And Gita Gopinath has brought an exceptional acuity to her service at the International Monetary Fund.

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Πηγή: weforum.org