Challenges for the Global Economy in 2012

Hosted by: AIIA Victoria

The event will start on: Thursday, 16 February 2012 5:30 PM

And will end on: Thursday, 16 February 2012 7:00 PM

At Dyason House

124 Jolimont Road East , Melbourne Victoria

03 9654 7271     events.vic@aiia.asn.au

Posted by: vic   

The presentation will commence at 5.50pm. 

The first of the 2012 AIIAV Global Issues Series. 

After several years of major economic and political upheavals, many believe the world is again on the brink of a global crisis. Economies are respectively plagued by different woes: the Eurozone is confronted with overwhelming sovereign debt, leading potentially to a full-fledged financial crisis; the United States is suffering from low growth and intractably high unemployment; and major emerging economies are facing an outbreak of inflation.  Largely due to economic difficulties, social tensions have increased significantly and unrest has occurred in many countries.

World leaders have been called to act to stop the global economy from falling into the abyss.  But the challenge is how: launch a grand bailout of the beleaguered treasuries of southern Europe?  Expand government spending or conduct an austerity campaign?  Carry out another round of quantitative easing in the industrial countries while squeezing the money supply in emerging markets?  Unlike the situation immediately after the 2008 financial collapse, when policies were globally synchronized with a universal fiscal stimulus and simultaneous liquidity provisions, there is no “one-size-fits-all” solution to address the intricate issues now facing major economies.

To help us understand better the prospects for the global economy in 2012, Australia’s risks and responsibilities as a medium-sized economy and an influential voice in the G20, and the policy options available to politicians, central banks and global institutions, the Institute is delighted to welcome Professor Emeritus Ian Harper.

Professor Harper is one of Australia's best known economists. As a member of the celebrated Wallis Inquiry, he was at the forefront of financial market reform in Australia. After a 25 year academic career, Prof. Harper became a partner at what is now Deloitte Access Economics.  He was the inaugural Chairman of the Australian Fair Pay Commission, and is a panellist on the Victorian Independent Review of State Finances.

Event flyer:   AIIAV-2012-Harper-Ian-Prof-16.02.12 (141.08 kB)

Refreshments will be served.

Pre-payment welcomed, or payment at the door:

• AIIA members $20
• Non-members $30
• Student AIIA members $10
• Student non-members $15

If you plan to attend this function, please advise us at least 1 day before the event.