Developing Asia remains the fastest growing region globally. Slowing external demand has hurt some economies in the region but as a whole Asia and the Pacific is on track for firm growth in 2014 and 2015. Presenting the update of the Asian Development Outlook 2014 (ADO 2014), Dr Wei will argue that moving forward structural reform processes in China, India, and Indonesia—the region’s three biggest economies—will be critical in shaping their growth outlook. Dr. Wei will discuss the impact of the winding down of unconventional United States monetary policy on Asian financial markets. Although US policy could still surprise markets if higher growth than expected pushed the Federal Reserve toward an early interest rate increase, the effect on developing Asia would be modest next to the shock caused in 2013 by anticipated tightening. Finally, he will maintain that demand and benign international commodity prices will keep inflation moderate in developing Asia. As many economies in Asia have grown by connecting with global value chains, he will argue that strengthening them could further stimulate expansion of industry and services and create jobs. The presentation will be followed by comments by Lucian Cernat and an open discussion chaired by Reinhilde Veugelers. The event will be live streamed on this page.
Economic stagnation in Europe calls for action by policy makers. There is no unanimous consensus however about the tools that should be used to reignite Europe's engine. The adoption of rules or policies that directly or indirectly ensure a domestic control or protection of the national economy is amongst the most controversial proposals. Foreign takeovers, for example, are often a source of concern for national governments. There is a public perception that when a company owned by domestic shareholders loses control to the benefit of a foreign investor, the risk of losses for the national economy is increased. It is believed that foreign investors may, for example, be less concerned with productivity drops, job losses or cuts in research expenditure. Last spring Alstom/GE and Pfizer/Astrazeneca prompted new waves of debates in the public domain. During this talk we will address the following questions:
Centre for European Affairs, member of the Central European Strategy Council, Bruegel, the Ministry of Finance of SR
and Ministry of Foreign and European Affairs of SR are organizing another round of TATRA SUMMIT conferences in Bratislava. The event will review the unfolding design of the 2014 EU political cycle, shaped by changes in the leadership posts of the EU institutions and their outlined policy goals for the next five years. The main aim of the conference is to address strategic growth agenda. Furthermore, the debate will look at the key priorities of the new political cycle in Europe. In reference to that, the panels will seek to address the following areas - the flexibility of the stability and growth pact; the state of EMU completion; the area of multispeed Europe in the context of the new EU architecture; buildup of the EU energy union and its impact on the industry competitiveness. TATRA SUMMIT 2014 will also provide a platform for Central Europe to present its recommendations and regional priorities, and, thus, make its voice heard in the unveiling political cycle of the EU.
VENUE: KEMPINSKI HOTEL RIVER PARK20:45 TATRA SUMMIT DINNER (ON SEPARATE INVITATION ONLY)
CO-HOSTED BY TATRA BANKA
Bruegel is organizing a closed-doors off-the-record brainstorming workshop in order to assess the current European fiscal framework. The event will take place on November 17 and will consist of two sessions. The first one will focus on the technical details of the current framework and will try to determine if the methodology used to review national budget and based on the estimation of structural budget deficits needs to be reformed. The second one will be more policy-oriented and will try to assess the economic justification of the rules and their adequacy given the current situation of the Eurozone. This workshop will bring together academics, policy makers from EU institutions and national authorities, and more generally experts on this issue.
Competitiveness is at the heart of policy making at the Union level and specifically within the Eurogroup. Definition of new country–level competitiveness indicators is an essential task. This half-day workshop will discuss how to map competitiveness with European data, specifically the future potential of matching data in Europe within and across countries.
Policy makers in Europe are seeking ways to create jobs and spur economic growth. Entrepreneurship, particularly the creation of innovative young firms, is needed yet many challenges to the creation and growth of firms remain. This event will highlight some of the barriers and how to address them as well as help identify steps that policy makers can take to facilitate the development of entrepreneurial ecosystems in Europe as well as models for collaborative innovation, which in turn can spur more high growth entrepreneurship.
We are pleased to announce that the 11th AEEF conferencewill take place on 5-6 December 2014 in Tokyo, Japan. The event is jointly organised by this year’s host Asian Development Bank Institute (ADBI), Chinese Academy of Social Sciences (CASS), and Korea University (CEAS) on the Asian side and Bertelsmann Stiftung, Bruegel and Centre d'Etudes Prospectives et d'Informations Internationales (CEPII) on the European side. The event will bring together a range of high-ranking participants, including active and former senior policymakers, recognized academic experts and private sector specialists. The programme of this event is still under construction. More information will be available on this page shortly. About AEEF With a growing recognition for the need to diversify and consolidate the linkage between economists and practitioners from Asia and Europe, five institutions from Asia and Europe agreed in 2006 to establish an Asia Europe Economic Forum (AEEF) to serve as a high level forum, giving Asian and European policy experts an occasion for in-depth research-based exchanges on global issues of mutual interest.
High unemployment, low private and public investment and rising social inequalities mark the current stagnation of European economy. Despite the joint efforts of Member States, the recovery is still fragile and requires strong action to foster growth and create jobs. The EU is therefore at a crossroads, where a review of its policy mix is needed both at EU and country level.