Deglobalisation: Political Myth or Economic Reality? The Second Session of the 17th Annual Meeting
The second session of the 17th Annual Meeting of the Valdai Discussion Club, which took place on October 20, 2020 was devoted to the topic of deglobalization. Participants discussed, whether it is a political myth or an economic reality. How will economic interaction be built after the pandemic? The world economy remains highly interdependent; however, the current political trend is towards the exacerbation of rivalry, while threats stemming from the global pandemic have given rise to isolation. What limits are there to the possible “decoupling”? To what extent can production chains be “nationalised”? What will be preserved in any event? What will the system of international economic ties look like in an era of total defragmentation, where the assertion of sanctions constitutes the dominant politico-economical tool? Can productive international relations be restored on a new basis and in a different configuration? Speakers: Ray Dalio, Co-Chairman, Co-Chief Investment Officer, Bridgewater Associates; Heungchong Kim, President, Korea Institute for International Economic Policy (KIEP); Maxim Oreshkin, Aide to the President of the Russian Federation; Xavier Rolet, Chairman of the Board of Directors, PJSC PhosAgro; Chief Executive Officer, London Stock Exchange Group (2009–2017); Wang Wen, Professor, Executive Dean, Chongyang Institute for Financial Studies, Renmin University of China. Moderator: Yaroslav Lissovolik, Programme Director of the Valdai Discussion Club.
The second session of the 17th Annual Meeting of the Valdai Discussion Club, which took place on October 20, 2020 was devoted to the topic of deglobalization. Participants discussed, whether it is a political myth or an economic reality. How will economic interaction be built after the pandemic? The world economy remains highly interdependent; however, the current political trend is towards the exacerbation of rivalry, while threats stemming from the global pandemic have given rise to isolation. What limits are there to the possible “decoupling”? To what extent can production chains be “nationalised”? What will be preserved in any event? What will the system of international economic ties look like in an era of total defragmentation, where the assertion of sanctions constitutes the dominant politico-economical tool? Can productive international relations be restored on a new basis and in a different configuration? Speakers: Ray Dalio, Co-Chairman, Co-Chief Investment Officer, Bridgewater Associates; Heungchong Kim, President, Korea Institute for International Economic Policy (KIEP); Maxim Oreshkin, Aide to the President of the Russian Federation; Xavier Rolet, Chairman of the Board of Directors, PJSC PhosAgro; Chief Executive Officer, London Stock Exchange Group (2009–2017); Wang Wen, Professor, Executive Dean, Chongyang Institute for Financial Studies, Renmin University of China. Moderator: Yaroslav Lissovolik, Programme Director of the Valdai Discussion Club.