Wang Huiyao & C Fred Bergsten dialogue: global economic leadership, US-China tension

Описание: With 2022 marching into Q4, the world is set out to witness a series of significant events – China’s 20th Communist Party Congress, mid-term elections in the United States, the G20 Summit in Indonesia, and the APEC Summit in Thailand. While Beijing and Washington DC are busy battling a slowing economy and a looming economic recession, the war in Ukraine continues to push inflation and prices to new highs. The covid-19 pandemic has already hit many emerging markets hard, having driven more than 60 percent of low-income countries into debt and over 100 million people into extreme poverty. Global economic leadership, today more than ever, is needed yet hampered by a global geopolitical landscape that is increasingly fragmented.

Moving forward, how will the global economy overcome challenges ranging from inflation, supply chain disruption, to energy shortages against the backdrop of the global push towards climate action? How will the United States and China, the world’s largest two economies manage their strategic competition that is increasingly intensifying? In the quest for global economic leadership, how will the world balance the twin threats stemming from the so-called Thucydides trap and the Kindleberger trap?

This program featured a conversation between C Fred Bergsten, founder of one of America’s finest think tank, the Peterson Institute of International Economics (PIIE) and author of The United States vs. China: The Quest for Global Economic Leadership, and WANG Huiyao, founder and president of Center for China and Globalization, who has hosted more than 40 episodes of CCG Global Dialogue series, including more recent ones featuring Hank Paulson and Larry Summers.

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