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The extraordinary growth of the past thirty years is due to unprecedented globalisation and accelerating technological change.  Connectivity has been associated with rising creativity and accelerating change. The speed, scale and complexity of this integration has far-reaching implications for economies and for individuals and societies. 

The talk will identify the drivers of global growth, showing why emerging markets are likely to continue to grow at high levels for the coming decades, with particularly rapid growth in Asia.  Rising life expectancy and collapsing fertility around the world has dramatic consequences for pensions, retirement, dependency and employment patterns.  Meanwhile, advances in artificial intelligence and robotics is transforming the nature of work and has the potential to replace significant numbers of jobs and widen inequality.

Globalisation spreads not only opportunities but also creates a new form of emergent systemic risks. Pandemics, cyberattacks, climate change and financial contagion are among the systemic risks increasing uncertainty. This is associated with growing extremism and threatens to reverse integration and globalisation.  The talk presents the good, the bad and the ugly aspects of globalisation. Drawing on lessons from the Renaissance, it identifies our period as a new Age of Discovery and highlights both the opportunities and the risks associated with the current period of tumultuous change in what can be viewed as a Second Renaissance.  

Professor Goldin’s talk will draw on his latest book Age of Discovery: Navigating the Risks and Rewards of our New Renaissance published by Bloomsbury.

About the Speaker

Professor Ian Goldin is the Oxford University Professor of Globalisation and Development and was the founding Director of the Oxford Martin School, the world’s leading centre for interdisciplinary research into critical global challenges.  He is the Director of the Oxford Martin Programme on Technological and Economic Change. Ian previously was World Bank Vice President and the Group’s Director of Development Policy, after serving as Chief Executive of the Development Bank of Southern Africa and Economic Advisor to President Nelson Mandela. Ian also has served at Principal Economist at the European Bank for Reconstruction and Development (EBRD) and Director of the Trade, Agriculture and Environment Programmes at the OECD Development Centre.

Ian has a BA (Hons) and a BSc from the University of Cape Town, an MSc from the London School of Economics, an AMP from INSEAD and an MA and Doctorate from the University of Oxford. 

Goldin has been knighted by the French Government, nominated Global Leader of Tomorrow by the World Economic Forum and received honorary degrees. He is the Chair of the CORE global initiative to reform economics and a trustee of Comic Relief and other charities.

He has published 20 books, the most recent of which are the widely acclaimed Age of Discovery: Navigating the Risks and Rewards of Our New Renaissance; and The Pursuit of Development: Economic Growth, Social Change and Ideas. His previous books include The Butterfly Defect: How globalisation creates systemic risks; Divided Nations; Exceptional People: How Migration Shaped our World and Will Define our Future; and, Is the Planet Full?

Further information can be found on https://iangoldin.org/ and Twitter: @ian_goldin


 

Register for the Public Lecture HERE.

A Public Lecture by Professor Frank Dikötter,
Lim Chong Yah Visiting Professor
Chair, Professor of Humanities, Department of History
Faculty of Arts, University of Hong Kong

Abstract

After the disaster of the Great Leap Forward that claimed tens of millions of lives between 1958 and 1962, the ageing Chinese leader Mao Tse-tung launched an ambitious scheme to shore up his reputation and eliminate those he viewed as a threat to his legacy.

The stated goal of the Cultural Revolution was to purge the country of bourgeois, capitalist elements he claimed were threatening genuine communist ideology.  But Mao also used the campaign to pit people against each other and prevent his colleagues from ever turning against him. 

Young students formed Red Guards, vowing to defend the Chairman to the death, but soon rival factions started fighting each other in the streets with semi-automatic weapons in the name of revolutionary purity. As the country descended into chaos, the military intervened, turning China into a garrison state marked by bloody purges that crushed as many as one in fifty people.

When the army itself fell victim to the Cultural Revolution in 1971, ordinary people used the political chaos to resurrect the market and hollow out the party’s ideology. In short, they buried Maoism. As evidence from the party archives shows, the spread of basic economic freedoms from below was an unintended consequence of a decade of state-sponsored violence and entrenched fear.

Dear FASS Students,

We have an exciting line-up of Alumni from URA, STB, DBS, SOTA, Accenture, MFA, Salesforce and Singapore Prison Service!

Join us for this special Alumni-Student Networking Evening with your FASS seniors as they share their SCHOOL TO WORKPLACE TRANSITION journeys.

View the Speakers' Profile here; and register here.

See you there!

Warmest Regards,
FASS Career Advisory Team
Centre for Future-ready Graduates

Currency Manipulation


Thursday, 19 January 2017, 4-5:30 pm
Lecture Theatre 52, University Town, NUS


The U.S. Treasury department is required twice a year to determine whether any country is a "currency manipulator" - whether the country is engaging in foreign exchange market intervention in order to favorably affects its currency value to the detriment of the U.S. The Treasury has not found China to be a currency manipulator, but the president-elect has vowed to give China that designation, which might then allow the U.S. to impose trade sanctions. Professor Engel will discuss how one might determine whether a country is manipulating its currency, the difficulties of making such a determination, and the case of China in particular.

Charles Engel is Donald Hester Professor of Economics at University of Wisconsin-Madison. His research is in the area of international macroeconomics and international finance. He is also Research Associate, NBER; Research Affiliate, Research Centre for International Economics, City University of Hong Kong; Advisory Board, Center for Applied Macroeconomic Analysis; Senior Fellow, Federal Reserve Bank of Dallas; International Research Fellow, Kiel Institute; on Council of Advisers, Hong Kong Institute for Monetary Research; and serves on the BIS Advisory Panel.

Admission is free. All are welcome. RSVP @ https://goo.gl/HEiu08.

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Faculty of Arts and Social Sciences

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