World Bank & GWU Sustainable Cities Workshop 4 on Local Environmental Externalities

Thursday, April 4th

8:30 AM – 12:30 PM ET
Hybrid-World Bank, Room MC4-100
1818 H St NW, Washington, DC

 

The World Bank – GWU Sustainable Cities workshop series brings together academics and development practitioners to present and discuss key questions of common interest relating to Sustainable Urbanization. Each workshop in the series focuses on a particular topic relating to cities in developing countries. The workshops are hosted by the World Bank (Urban, DRM, Resilience and Land Global Practice) and George Washington University (Institute for International Economic Policy & Department of Economics). Funding for this project was provided by the Institute for Humane Studies.

This discussion is supported by the GW University Seminar Series on Domestic and International Perspectives on Climate Change and Water Management and the GW University Seminar Series on The Global Socio-Economic Costs of Climate Change and Unsustainable Urbanization

 

Workshop Agenda
8:30 – 9:00 am: Breakfast
 
9:00 – 9:05 am: Opening Remarks
 
 Paper Session
9:05 – 9:25 am: Chandan Deuskar and Jane Park (WB) “Unlivable: What the Urban Heat Island Effect Means for East Asia’s Cities” IN-PERSON
 
9:25 – 9:30 am: Discussant: Luis Quintero (JHU)
 
9:30 – 9:40 am: Q&A
 
9:40 – 10:00 am: Research talk: Tridevi Chakma (PhD Candidate at the Harvard Kennedy School): “The Causes and Consequences of Urban Heat Islands
 
10:00 – 10:05 am: Discussant: Nicholas Jones (Data Scientist at the Global Facility for Disaster Reduction and Recovery)
 
10:05 – 10:15 am: Q&A
 
10:15 – 10:30 am: Coffee
 
10:30 – 10:50 am: Research talk: Bridget Hoffmann (Inter-American Development Bank) “The Power of Perception: Limitations of Information in Reducing Air Pollution Exposure
 
10:50 – 10:55 am: Discussant: Lutz Sager (Georgetown)
 
10:55 – 11:05 am: Q&A
 
11:05 – 11:25 am: Policy talk: TBC
 
11:25 – 11:30 am: Discussant: TBC
 
11:30 – 11:40 am: Q&A
 
Keynote Session
11:40 am – 12:10 pm: Koichiro Ito (Associate Professor at Harris School of Public Policy at University of Chicago) “Local Environmental Externalities”
 
12:10 – 12:25 pm: Q&A
 
12:25 – 12:30 pm: Closing Remarks 
 
12:30 pm: Lunch

1st World Bank-GWU-UVA Research Conference on “The Economics of Sustainable Development”

Wednesday, November 29th, 2023
8:00 AM – 7:30 PM

Hybrid

The World Bank, in collaboration with George Washington University (GWU) and the University of Virginia (UVA), will host the 1st World Bank-GWU-UVA Conference on “The Economics of Sustainable Development”.

This hybrid conference will be held at the World Bank headquarters in Washington DC on November 29, 2023, from 8:00 a.m. to 6:00 p.m. ET and available via livestream. Coffee and lunch will be provided for in-person attendees. The conference will be followed by a reception at GWU from 6:00 p.m. to 7:30 p.m. ET.

The conference will bring together academics and development economics practitioners to present and discuss pressing questions relating to sustainable development, a theme that is central to the World Bank’s mission of tackling poverty on a liveable planet.

This theme is of increasing importance due to the growing recognition that a commitment to development and tackling poverty is unviable without an equal commitment to the urgency of addressing climate change, pollution, and environmental degradation.

The conference will cover various topics, including biodiversity and forests, the economics of natural resources, and pollution. Furthermore, given Africa’s heavy reliance on renewable natural resources and its vulnerability to climate change impacts, there will be a particular focus on frontier work related to Africa.

Supported by the GW University Seminar Series on Domestic and International Perspectives on Climate Change and Water Management.

Conference Agenda

Welcoming remarks 8.00-8.15

Richard Damania (Chief Economist for Sustainable Development, World Bank) – 5 min

Andrew Dabalen (Chief Economist for Sub-Saharan Africa (SSA), World Bank) – 5 min

Sheetal Sekhri (UVA) or Molly Lipscomb (UVA) – 1 min

Remi Jedwab (GWU) – 1 min

Session 1 – 8.15-10.00 – Biodiversity and Forests

Each paper has 20 min without interruptions + 10 min Q&A

8.15-8.45 Paper 1: Raahil Madhok (Minnesota), Infrastructure, Institutions, and the Conservation of Biodiversity in India [South Asia]

8.45-9.15 Paper 2: Teevrat Garg (UCSD), Agricultural Productivity and Deforestation [SSA]

9.15-9.45 Paper 3: Anna Papp (Columbia), Rain Follows the Forest: Land Use Policy, Climate Change, and Adaptation [North America]

9.45-10.00 Policy discussion: Nancy Lozano Gracia (Lead Economist, Latin America and the Caribbean, Sustainable Development Practice Group, World Bank)

Coffee Break – 10.00-10.30

Session 2 – 10.30-12.15 – The Economics of Natural Resources

Chair: Richard Damania (Chief Economist, Sustainable Development Practice Group, World Bank)

Each paper has 20 min without interruptions + 10 min Q&A

10.30-11.00 Paper 1: Wolfram Schlenker (Columbia), Cooling Externality of Large-Scale Irrigation [North America]

11.00-11.30 Paper 2: Ryan Brown (CU-Denver), Reinforcing Inequality: Consequences of Elevated Fluoride Exposure and Inequitable Mitigation [South Asia]

11.30-12.00 Paper 3: Witold Więcek (University of Chicago), Water Treatment and Child Mortality: A Meta-Analysis and Cost-effectiveness Analysis.

12.00-12.15 Policy discussion: Hanan Jacoby (Lead Economist, Sustainability and Infrastructure Team, Development Research Group, World Bank)

Lunch Break – 12.15-1.00

Keynote – 1.00-2.00

1.00-1.05 Introduction

1.05-1.35 Keynote – Andrew Foster (Brown)

1.35-1.55 Policy discussion

Session 3 – 2.00-3.15 Climate Change in Africa and Asia

Chair: Andrew Dabalen (Chief Economist, Africa Region, World Bank)

Each paper has 12 min without interruptions + 8 min Q&A

2.00-2.20 Paper 1: Lucile Laugerette (F) (ENS-Lyon) and Mathieu Couttenier (M) (ENS-Lyon) – Groundwater, Climate Change and Conflict: Evidence from Africa [SSA]

2.20-2.40 Paper 2: Bruno Conte (M) (UPF) – Future Climate Change and Sub-Saharan Africa’s Regional Lake Economies [SSA]

2.40-3.00 Paper 3: Gaurav Chiplunkar (M) (UVA) – Environmental Markets and Misallocation: Evidence from Ground Water Availability in India [South Asia]

3.00-3.15 Policy discussion: Carolyn Fischer (Research Manager, Sustainability and Infrastructure Team, Development Research Group of the World Bank)

Coffee Break – 3.15-3.40

Session 4 – 3.40-5.45 – Air Pollution

Chair: Dina Umali-Deininger (Regional Director for South Asia, Sustainable Development Practice Group, World Bank)

3.40-4.00 Introductory presentation: Christa Hasenkopf (EPIC, University of Chicago): Insights from the latest Air Quality Life Index report, with a specific focus on sub-Saharan Africa [SSA]

Each of the following three papers has 20 min without interruptions + 10 min Q&A

4.00-4.30 Koichiro Ito (Chicago). International Spillover Effects of Air Pollution: Evidence from Mortality and Health Data. [EAP]

4.30-5.00 Saad Gulzar (M) (Princeton). Administrative Incentives Impact Crop-Residue Burning and Health in South Asia. [South Asia]

5.00-5.30 Susanna Berkouwer (Wharton): Private Actions in the Presence of Externalities: The Health Impacts of Reducing Air Pollution Peaks but not Ambient Exposure

5.30-5.45 Policy discussion: Helena Naber (Senior Environmental Specialist, Environment and Natural Resources Global Practice, World Bank)

Governing Finance and Climate Change event graphic

Governing Finance and Climate Change

Thursday, April 13th, 2023
9:00-12:30 p.m EDT
In-Person

Central banks and financial supervisors are at the core of mitigating risks to the financial system. To that end, how to respond to the risks from climate change and the transition to a low-carbon economy is rapidly moving up their agendas worldwide. The Central Banks and Supervisors Network for Greening the Financial System (NGFS) now comprises more than 120 authorities from around the globe. Several of them have already started accounting for climate risks in monetary policy and financial supervision. Many more are exploring the next steps.

To take stock of where central banks and financial supervisors stand in addressing the risks from climate change, and discuss policy design and responses, the Institute for International Economic Policy (IIEP) at GWU, in partnership with the Council on Economic Policies (CEP), will be hosting a morning event on “Governing Finance and Climate Change.”

Registration and Coffee: 8.30 – 9.00 AM

Welcome: 9.00 – 9.15 AM

Sunil Sharma. Distinguished Visiting Scholar, Elliott School of International Affairs, GWU; Senior Associate, Council on Economic Policies; and former Assistant Director, IMF

Monetary Policy and Climate Change 9.15 – 10.30 AM 

Sarah Bloom Raskin. Distinguished Professor of the Practice of Law, Duke University, Partner, Kaya Advisory Ltd.; former Deputy Secretary, US Department of the Treasury, and former member of the Federal Reserve Board of Governors

Timothy Lane. Former Deputy Governor, Bank of Canada; and former Senior Advisor, IMF

James Talbot. Director, International Directorate, Bank of England; Chair, Workstream on Monetary Policy, Central Banks and Supervisors Network for Greening the Financial System (NGFS)

Break: 10.30 – 11.00 AM

Financial Supervision and Climate Change 11.00 – 12.15 PM

Sarah Dougherty. Director, Green Finance Center, Natural Resources Defense Council

Paul Hiebert. Head, Systemic Risk and Financial Institutions Division, ECB

Mark Levonian. Former Senior Deputy Comptroller of the Currency, and former Federal Reserve official

Closing Remarks: 12.15 – 12.30 PM

William White. Senior Fellow, C.D. Howe Institute, Advisor, Council on Economic Policies, former Chairman of the Economic and Development Review Committee, OECD; former Economic Adviser and Head of the Monetary and Economic Department, Bank for International Settlements; and former Deputy Governor, Bank of Canada

Light Lunch: 12.30 – 13.30 PM

Welcoming Remarks

sunil sharmaSunil Sharma is a Distinguished Visiting Scholar at the Institute for International Economic Policy, Elliott School of International Affairs, The George Washington University, Washington DC, USA, and a Senior Associate at the Council on Economic Policies, Zurich, Switzerland. He was the Assistant Director in the IMF’s Research Department from 2015-2018, and the Director of the IMF-Singapore Regional Training Institute (STI) in Singapore from 2006-2015. Before moving to Singapore in 2006, Sunil was Chief of the IMF Institute’s Asian Division in Washington, D.C. Prior to joining the IMF in 1992, he was on the Economics faculty at the University of California, Los Angeles (UCLA).

From 2012-2020, he was on the Governing Board of the Mysore Royal Academy (MYRA) School of Business, Mysore, India. During 2012-2018, he was a member of the Advisory Board, Sim Kee Boon Institute for Financial Economics (SKBI), Singapore Management University, Singapore, and over 2011-2015, he served on the International Advisory Board, The Institute of Global Finance, Australian School of Business, University of New South Wales, Sydney, Australia.

Sunil has a Ph.D. and an M.A. in Economics from Cornell University, a M.A. from the Delhi School of Economics, and a B.A. (Honors) from St. Stephen’s College, Delhi University. He has published widely on economic and financial topics, and his current interests include governance, systemic hazards, complex systems, international financial architecture, and the institutional structure and design of financial regulation.

 

Monetary Policy and Climate Change: Speakers and Chair

Sarah Bloom Raskin, the former deputy secretary of the U.S. Department of the Treasury, was named the Colin W. Brown Distinguished Professor of the Practice of Law in 2021. She is also a senior fellow in the Duke Center on Risk. Raskin was previously a visiting professor of the practice of law at Duke and a Rubenstein Fellow.

From 2014 to 2017, Raskin was the second-in-command at the Treasury Department, where she was known for her pursuit of innovative solutions to enhance Americans’ shared prosperity, the resilience of the country’s critical financial infrastructure, and the defense of consumer safeguards in the financial marketplace. Earlier, Raskin was a governor of the Federal Reserve Board and a member of the Federal Open Market Committee, where she helped conduct the nation’s monetary policy and promote financial stability. She also served as commissioner of financial regulation for the State of Maryland from 2007 to 2010. She and her agency were responsible for regulating Maryland’s financial institutions during the height of the Great Recession.

Raskin, a graduate of Harvard Law School, has throughout her career worked across public and private sectors in both legal and regulatory capacities. Her work has centered on financial institutions, financial market utilities, consumer protection issues, the adaptation of financial regulatory tools as they pertain to climate risk, bolstered prudential standards, and resolution planning. Her private sector experience includes having served as managing director at the Promontory Financial Group, general counsel of the WorldWide Retail Exchange, and at the law firms of Arnold and Porter and Mayer Brown. Earlier in her career she served as banking counsel for the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

She currently is a member, with Professors Lawrence Baxter and Gina-Gail Fletcher, of the Regenerative Crisis Response Committee, a group of leading experts in law, economics, and public policy focused on the use of fiscal, monetary, and regulatory policies in a climate-transitioned economy.

 

Timothy Lane served as Deputy Governor from February 2009 until his retirement from the Bank of Canada in September 2022.

As a member of the Bank’s Governing Council, he shared responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank. He oversaw the Bank’s funds management and currency functions — notably including the Bank’s ongoing research and analysis of developments in financial technology, crypto-assets and digital currencies.

Mr. Lane’s responsibilities as Deputy Governor covered a series of different areas. From 2014 through July 2018, he was responsible for the Bank’s analysis of international economic developments in support of monetary policy decisions — serving as the Bank’s G7 and G20 Deputy. Previously, he was responsible for overseeing the Bank’s work on financial markets (2010–13) and its analysis of Canadian economic developments (2009–10). He joined the Bank in August 2008 as an Adviser to the Governor.

Prior to joining the Bank, he served for 20 years on the staff of the International Monetary Fund (IMF) in Washington, DC. During that period, he worked on a wide range of issues and contributed to the IMF’s work on a number of countries. He has published research on various topics including monetary policy, financial crises, IMF reform, and economic transition. During 2004–05, Mr. Lane was a Visiting Fellow at the University of Oxford. He has also served as Assistant Professor of Economics at Michigan State University (1984-88) and at the University of Iowa (1983-84).

Born in Ottawa, Mr. Lane received a BA (Honours) from Carleton University in 1977 and a PhD in economics from the University of Western Ontario in 1983.

 

James Talbot is Director of the International Department at the Bank of England. He is also the Chair of the Workstream on Monetary Policy of the Central Banks and Supervisors Network for Greening the Financial System (NGFS). James’ other roles at the Bank of England have included: Head of Monetary Assessment and Strategy Division, advising the MPC on Monetary Policy tools, implementation and strategy; working as a senior adviser on domestic and European macroprudential policy issues; and leading the preparation of the MPC’s quarterly UK forecast. James was UK Alternate Executive Director at the IMF from September 2008- September 2010.

 

 

 

 

Alexander Barkawi is the founder and director of CEP. Prior to his decision to build up CEP, he was the managing director of SAM Indexes and thus responsible for developing the Dow Jones Sustainability Indexes (DJSI) into a key reference point for sustainability investing. Before joining SAM, Alex took the lead in internationalizing the activities of oikos – an organization that today promotes sustainability in teaching and research of economics and management at more than 40 universities worldwide. Alex is a graduate in economics (M.A.) of the University of St. Gallen, Switzerland, where he also wrote his PhD thesis on “Social Change in Egypt in the 1990s”. He grew up in Germany and Egypt and today lives in Zurich, Switzerland.

 

 

 

Financial Supervision and Climate Change: Speakers

 

Sarah Dougherty focuses on financial regulations related to climate change and green banks, as well as growing finance and economics expertise within NRDC. Before joining NRDC in 2015, Dougherty worked at the Federal Reserve Bank of Atlanta where she held various roles, including as a research analyst covering the energy industry, writing monetary policy briefs, and leading economic education in public affairs. She also helped to create the Green Bank Network of existing green banks, served on the Washington, D.C., Green Bank Advisory Committee to set up a city-level green bank, and worked in Chile and Mexico to support the nations’ green finance efforts. Other previous work includes positions at the Coalition for Green Capital, C2ES (a small solar EPC firm), and the Federal Home Loan Bank of Atlanta. Dougherty holds a master’s degree in economics and is based in Atlanta.

 

 

 

Paul Hiebert heads the Systemic Risk and Financial Institutions Division of the European Central Bank (ECB). In this role, he leads systemic risk analysis for the euro area feeding into the ECB’s flagship Financial Stability Review, as well as macroprudential policy for the largest euro area banks. Since 2019 he has been leading climate-related risk and financial stability analysis with the corresponding publication of the ECB’s and ESRB’s annual report. His current role builds on over 20 years of experience within the ECB, the International Monetary Fund, the Reserve Bank of Australia and the Canadian Department of Finance in various capacities—spanning economic, financial and policy functions for a wide range of countries. He has published on a diverse set of topics, including financial cycles, global banking, climate change issues, macroprudential policy, housing markets, and fiscal policy. He holds an M.A. in Economics from McGill University in Montréal.

 

 

Mark Levonian was most recently Managing Director and Global Head for Enterprise Economics and Risk Analysis at Promontory Financial Group. He was formerly Senior Deputy Comptroller for Economics at the US Office of the Comptroller of the Currency (OCC), where he served as a key advisor to the Comptroller before, during, and after the global financial crisis. Mark oversaw quantitative examination support and policy research for the OCC and was closely involved in policy responses to the financial crisis, including the development of bank stress testing. As a senior regulatory official and economist, he led or participated in various Basel Committee initiatives related to economic modeling and played a leading role in the development of rules and guidance for multiple generations of the Basel capital framework. Prior to joining the OCC, Mark was Vice President for Banking Supervision and Regulation and Economic Research Officer at the Federal Reserve Bank of San Francisco, Manager of the Banking Studies Department at the New York Fed, Lecturer in Finance at the University of California’s Haas School of Business, and Senior Economist at the Reserve Bank of Australia. He has been an adviser/consultant to the World Bank, the IMF, and the central banks of Russia and Belarus.

 

Closing Remarks

William White is currently a Senior Fellow at the C.D. Howe Institute in Toronto. He is also an Advisor to the Council on Economic Policies. From 2009 until March 2018, he served as Chair of the Economic and Development Review Committee at the OECD in Paris. Prior to that, he spent fourteen years as Economic Adviser at the Bank for International Settlements (BIS) in Basel. In that role, he was responsible for all BIS research, data collection, and the organization of meetings for central bankers from around the world. Before joining the BIS in 1994, he was the Deputy Governor responsible for international affairs at the Bank of Canada in Ottawa.

In addition to publishing widely, Mr. White’s other activities have included membership of the Issing Committee, advising Chancellor Merkel on G20 issues. In addition to prizes awarded in Europe, in 2016 Mr. White received in Washington, D.C., the Adam Smith Award, the highest award of the U.S. National Association of Business Economics (NABE).

Thriving – Making Cities Green, Resilient, and Inclusive in a Changing Climate

Thursday, March 30, 2023
12:00 pm – 1:35 pm ET
In person and via Zoom

Globally, 70 percent of greenhouse gas emissions emanate from cities. At the same time, cities are being hit increasingly by climate change related shocks and stresses, ranging from more frequent extreme weather events to inflows of climate migrants. This report analyzes how these shocks and stresses are interacting with other urban stresses to determine the greenness, resilience, and inclusiveness of urban and national development. It provides policymakers with a compass for designing tailored policies that can help cities and countries take effective action to mitigate and adapt to climate change.

This discussion, organized by the Institute for International Economic Policy (IIEP) at GWU in partnership with the World Bank IBRD-IDA, will review the World Bank’s recent flagship report on climate change, titled “Thriving – Making Cities Green, Resilient, and Inclusive in a Changing Climate“.

Please note that those who register to attend in person are strongly encouraged to attend as lunch will be ordered for the specific number of registrants. Buffet lunch and coffee provided with the support of two University Seminar Series:
– The Global Socio-Economic Costs of Climate Change and Unsustainable Urbanization
– Urban Governance, Multidisciplinary Collaboration, and Climate Change

Agenda

12.00-12.15 – Introductions. Chair: Remi Jedwab (GWU), Director of IIEP, Economics & International Affairs

12.05-12.15 – Mini-presentation by students from GWU’s Geography Department: Chair: David Rain (GWU) Climate Change and Sustainable Cities – The Example of Washington DC

12.15-1.05 – Main Presentation. Chair: Tanner Regan (GWU), Assistant Professor, Economics and International Affairs

Presented by Esha D. Zaveri (World Bank) – Senior Economist with the World Bank’s Water Global Practice. Presentation of the World Bank’s Flagship Report on Climate Change & Cities: Thriving – Making Cities Green, Resilient and Inclusive in a Changing Climate (no interruptions)

World Bank speakers participating online: Nancy Lozano-Garcia (Lead Urban Economist), Mark Roberts  (Lead Urban Economist) and Megha Mukim (Senior Economist, Team Lead for Competitive Cities)

12.40-12.50 – 10 mins Discussion by Ryan Engstrom (GWU), Professor, Geography & Director of Data Science

12.50-1.05 – 15 mins Discussion and Q&A

1.10-1.35 – Discussion. Chairs: Malcolm Russell-Einhorn (ESIA) and Chas Cadwell (Urban Institute) Toward a Meaningful Interdisciplinary Urban Climate Assessment Framework: Selecting, Using, and Communicating Relevant, Contextualized Urban Climate Indicators and Scenarios

About the Speaker

Picture of Esha ZaveriEsha Zaveri is a Senior Economist with the World Bank’s Water Global Practice with professional interests in water resource management, climate impacts, environmental health, and the use of geospatial data with statistical analysis to study interactions between the environment, and social and economic systems. She has published on these topics in leading scientific journals and has authored flagship reports of the World Bank on water scarcity (Uncharted Waters, 2017), water pollution (Quality Unknown, 2019), and migration (Ebb and Flow, 2021). Prior to joining the World Bank, she was a postdoctoral fellow at Stanford University’s Center on Food Security and the Environment where she remains an affiliated scholar. She holds a Ph.D. in Environmental Economics and Demography from Pennsylvania State University.

Two Generations of Trailblazing Chinese American Women At The Asian Development Bank

Monday, April 25, 2022
5:00 p.m. – 6:00 p.m. EDT

Lindner Family Commons, Room 602
Elliott School of International Affair
and Zoom

How will the Asian Development Bank address the long-term challenges of poverty and climate change amidst evolving regional geopolitics and post-pandemic economic recovery? Please join us for a special conversation with Ambassador Chantale Wong as she begins her tenure as US Director of the Asian Development Bank, with a special appearance by her mentor and predecessor Ambassador Linda Tsao Yang. Both women have blazed new trails: Linda Tsao Yang, US Executive Director to the ADB from 1993-99, was the first woman and minority representative of the US on the board of a multilateral financial institute, while Chantale Wong is the first out LGBTQ+ person of color to be appointed to an ambassador-level position in the United States. Ambassador Julia Chang Bloch, USCET’s Executive Chair and a trailblazer in her own right as the first US Ambassador of Asian descent, will lead the conversation, touching on themes of mentorship, overcoming barriers, the role of the US at the ADB, and sustainable recovery amidst the aftermath of the COVID-19 pandemic. Audience members in-person and online were invited to take part in a lively Q&A session at the event.

This was a co-sponsored event with US-China Education Trust (USCET).

Speakers: 

linda tsao yang Linda Tsao Yang is an ambassador (retired). Linda Tsao Yang served as U.S. Executive Director to the board of the Asian Development Bank in Manila from 1993 to1999. She was appointed by President Clinton and confirmed by the Senate in 1993, the first woman and the first minority to represent the United States on the board of a multilateral financial institution. Yang Is Chair Emerita of the Asian Corporate Governance Association (ACGA) based in Hong Kong which she chaired from 2001 to 2014. From 2003 to 2010, she served on the board of the Bank of China (Hong Kong) – one of three banknote issuing banks in Hong Kong – as an independent non-executive director. Earlier in her career, she was the first minority appointed to serve as California’s Savings and Loan Commissioner; she was also the first minority appointed to the board of the California Public Employees Retirement System ( CalPERS), the largest public pension fund in the United States. She was Vice-Chairman of the Investment Committee of the board and was unanimously elected by her fellow board members to the position of Vice President of the Board.Yang was an invited panelist on International Economy at the economic summit led by then President-elect Clinton in Little Rock, Arkansas in December 1992.

chantale wong Chantale Wong has had a long and distinguished career in public service, currently serving as the US Executive Director to the Asian Development Bank in Manila. Wong is the first out lesbian and first LGBTQ+ person of color appointed to an ambassador-level position in US history, confirmed by the senate in February 2022. Previously, Wong was appointed by President Obama to serve as Vice President for Administration and Finance, and Chief Financial Officer at the Millenium Challenge Corporation (MCC). Earlier in her career, Wong has held leadership positions at the Office of Management and Budget, Departments of Treasury and Interior, and the Environmental Protection Agency, in addition to NASA. Chantale joined the staff of the Asian Development Bank in 1999 as an environmental specialist to ensure the Bank’s assessments complied with their environmental and social policies. She led development and publication of ADB’s first Asian Environment Outlook (2001), and was subsequently appointed by President Bill Clinton to its Board of Directors, representing the US as the Alternate Executive Director to oversee operations. Wong was the founding chair of the Conference on Asian Pacific American Leadership (CAPAL), an organization dedicated to encouraging careers in public service by providing training, workshops, mentors, and work opportunities for young AAPIs.

Moderator: 

julia chang blochJulia Chang Bloch is founding president of the US-China Education Trust. She was the first US ambassador of Asian descent in US history. She has had an extensive career in international affairs and government service, beginning in 1964 as a Peace Corps Volunteer in Sabah, Malaysia and culminating as U.S. Ambassador to the Kingdom of Nepal in 1989. From 1981 to 1988, Ambassador Bloch served at the U.S. Agency for International Development as Assistant Administrator of Food for Peace and Voluntary Assistance and as Assistant Administrator for Asia and the Near East, positions appointed by the president and confirmed by the Senate. She also was the Chief Minority Counsel to a Senate Select Committee; a Senate professional staff member; the Deputy Director of the Office of African Affairs at the U.S. Information Agency; a Fellow of the Institute of Politics at Harvard University’s Kennedy School of Government, and an Associate of the U.S.- Japan Relations Program of the Center for International Affairs at Harvard.

 

Equitable Action for Climate Change

Wednesday, February 9th, 2022
8:30 – 10:00 a.m. EST / 6:30 – 9:00 p.m. IST
via Zoom

We were pleased to invite you to the fifth webinar in the 2021-2022 Envisioning India series, co-sponsored by the Sigur Center for Asian Studies and the Institute for International Economic Policy. This is a platform for dialogue and debate. We invited you to engage with us in this series of important discussions.

This event featured Professor Jyoti K. Parikh, Executive Director of Integrated Research and Action for Development, and Dr. Kirit S. Parikh, Chairman of Integrated Research and Action for Development, to discuss “Equitable Action for Climate Change.” Amar Bhattacharya, Senior Fellow at the Global Economy & Development Program at Brookings Institution, and Shreekant Gupta, Professor at the Delhi School of Economics, provided discussant remarks.

In this talk, Professor Jyoti K. Parikh and Dr. Kirit S. Parikh showed that India can live within its 1.50 C budget without much loss in economic growth or consumer welfare. They show this under the assumption that technical progress in renewables and battery costs take place as is expected and that climate finance and access to technology at reasonable cost are available. They discussed various pathways that India can follow with different outcomes and highlight the roles of technology, behavioral change and finance in achieving them.

They further argued that climate science shows that due to lifetimes of over 100 years of CO2, global warming is a function of the stock of GHGs in the atmosphere, i.e. accumulated emissions over a pathway. Thus the responsibility for climate change of different countries should be based on their cumulated emissions since 1990. This should be the indicators for climate discourse and not just on their annual emissions. An annual fee for parking their emissions in the global space can encourage countries to delay their emissions as well as promote negative emissions. A $1 annual fee per tonne of CO2 space occupied from all countries can collect US $700 billion per year. They suggested that if a substantial portion is given back to countries as compensation for their climate action, it should make such a scheme acceptable to all.

The Envisioning India series is organized under the stewardship of IIEP Director Jay Shambaugh, Professor of International Affairs and Professor of Economics, and IIEP Distinguished Visiting Scholar Ajay Chhibber.

About the Speakers:

Picture of Jyoti K. ParikhProfessor Jyoti K. Parikh is the Executive Director of Integrated Research and Action for Development (IRADe), New Delhi. She was a Member of the Prime Minister’s Council on Climate Change–India and is a recipient of Nobel Peace Prize awarded to IPCC authors in 2007. She served as the senior professor and Acting Director of Indira Gandhi Institute of Development Research (IGIDR), Mumbai 1986-03. IIASA, Austria for 8 years (1980-86, 76-78) and Planning Commission, as senior energy consultant at New Delhi (1978-80).

She has served as energy consultant to the World Bank, the U.S. Department of Energy, EEC, Brussels and UN agencies such as UNIDO, FAO, UNU, and UNESCO, Environment Consultant to UNDP, World Bank and so on. She worked as an advisor to various ministries for Government of India.

She obtained her M.Sc. from University of California, Berkeley, in 1964 and Ph.D. in Theoretical Physics from University of Maryland, College Park in 1967. She has guided Sixteen Ph.D./Masters theses in energy, environment and climate change area and given lectures in more than 40 countries around the world. The topics ranged from vulnerability and adaptation of agriculture, forestry, power sector, construction sector, and carbon emission baselines for power, transport, cement and steel sector.

Her publications include nearly 200 project research papers and 25 books and monographs in the area of energy economics, climate change and modeling, energy technology assessment, rural energy, power sector, environment economics, natural resource management and climate change.

Picture of Kirit S. ParikhDr Kirit S. Parikh is the Chairman of Integrated Research and Action for Development, IRADe, a non-profit think tank that works on policies in the areas of energy, climate change, urban issues, agriculture and poverty. He was honored with Padma Bushan (third-highest Civilian Award) by the President of India in March 2009 and shared the Nobel Prize in 2007 given to IPCC authors. He was a Member of the Economic Advisory Councils (EAC) of five Prime Ministers of India, Atal Behari Vajpayee, P.V. Narasimha Rao, Chandra Shekhar, V.P.Singh and Rajiv Gandhi. He was Member of Planning Commission (2004-09) in charge of Energy, Water and Perspective Planning. He was the principal architect of India’s official Integrated Energy Policy.

He obtained his MTech from IIT-Kharagpur, Doctor of Science in Civil Engineering from MIT and also an S.M. in Economics from MIT. He has been a Professor of Economics since 1967 and was the founding Director of IGIDR. He has authored, co-authored and edited 30 books in the areas of planning, energy and power systems, energy modeling and planning, energy policy, energy economics, inclusive growth, and strategies for low carbon development.

About the Discussants:

Picture of Amar BhattacharyaAmar Bhattacharya is a Senior Fellow at the Global Economy and Development Program at Brookings Institution, Visiting Professor in Practice at the London School of Economics and Co-Lead of the Sustainable Growth and Finance Initiative of the New Climate Economy under the Global Commission on the Economy and Climate. His focus areas are the global economy, sustainable finance, global governance, and the links between climate and development, including on the role of sustainable infrastructure. He co-led the Independent Expert Group on Climate Finance commissioned by the UN Secretary General. From April 2007 until September 2014 he was Director of the Group of 24, an intergovernmental group of developing country Finance Ministers and Central Bank Governors. Prior to taking up his position with the G24, Mr. Bhattacharya had a long-standing career in the World Bank. His last position was Senior Advisor to the President on the Bank’s international engagements and Head of the International Policy and Partnership Group. He completed his undergraduate studies at the University of Delhi and Brandeis University and his graduate education at Princeton University.

Picture of Shreekant GuptaProfessor Shreekant Gupta is Professor, Delhi School of Economics, University of Delhi. He is also President, Indian Society for Ecological Economics and Associate Editor, Indian Economic Review. His areas of research and teaching are environmental economics, public economics, environment and development and climate change economics. In addition to Delhi University he has also taught at the National University of Singapore, Jawaharlal Nehru University and Nazarbayev University.

He received his PhD in Economics from the University of Maryland College Park in 1993, MA Economics from Delhi School of Economics (1982) and BA (Hons) Economics from Shri Ram College of Commerce (1980). He was Fulbright Fellow at the Massachusetts Institute of Technology (2002) and Shastri Fellow at Queens University, Canada (2001).

Prior to joining Delhi School of Economics in 1997, he was Fellow, National Institute of Public Finance and Policy, New Delhi (1993-95) where he headed the Environmental Policy Cell. He has also worked as an environmental economist at the World Bank at Washington DC and as a career economist in the Indian government (Indian Economic Service cadre). His policy experience includes Director of National Institute of Urban Affairs, New Delhi. He is a Lead Author of the forthcoming Sixth Assessment report of the Intergovernmental Panel on Climate Change (IPCC) and was also a coordinating lead author of the IPCC Fifth Assessment Report.

Professor Shreekant Gupta’s Google Scholar profile

Professor Shreekant Gupta’s Delhi School of Economics profile

Economic Effects and Policy Responses to Climate Change and Natural Disasters

Thursday, December 2nd, 2021
9 a.m. – 12:30 p.m. EST

The objective of this conference was to discuss recent policy research related to the economics of climate change. One set of studies analyzes the global economic and spatial effects of climate change and different policy options to mitigate its negative economic consequences, especially those related to migration, trade, taxation and innovation policy. Another set of studies focuses on the localized economic impacts of climate change and natural disasters in Africa, and corresponding policy options to promote mitigation and resilience, including technologies, infrastructure and fiscal policy. The conference was divided into two sessions. First there was be a round table discussion with two 25-minute presentations by two keynote speakers, followed by 10-minute feedback by a discussant, and 20 minutes of Q&A. Second, authors presented their research papers for 18 minutes, followed by 5-minute feedback by a discussant, and 7 minutes of Q&A.

This event was jointly organized by the World Bank Poverty and Equity Global Practice, the Office of the Director for Regional Integration for Sub-Saharan Africa, the Middle East and Northern Africa of the World Bank, and the Institute for International Economic Policy at George Washington University.

Welcome Remarks

Picture of Boutheina GuermaziBoutheina Guermazi (Director, Regional Integration in Western & Central Africa, Eastern & Southern Africa, and Middle East & North Africa Regions) is the World Bank Director for Regional Integration for Africa, the Middle East and Northern Africa. Prior to her current appointment, Ms. Guermazi was the Director of Digital Development (DD) Department of the Infrastructure Practice Group from August 2018 to October 2021, heading a global team that worked on building digital economies in developing countries, to drive shared prosperity and reduced poverty. She also served as the Practice Manager of Digital Development covering Africa and the Middle East regions, and  as Lead Operations Officer in the Regional Integration Unit of the Africa region. During her tenure, she has written and published articles and book chapters on trade law, telecommunications policy, and regulatory reform. Before joining the World Bank, Ms. Guermazi was Assistant Professor at the University of Law and Political and Social Sciences of Tunis, and a Telecommunications consultant to the Sector Reform Unit at the International Telecommunications Union (ITU). Ms. Guermazi holds a Ph.D. in Telecommunications Law and Policy from the Faculty of Law at McGill University, Canada; an L.L.M. in International Law from Indiana University, USA; and a Bachelor’s Degree in Public Law from the University of Tunis, Tunisia. She held a Fulbright Scholarship and was a research scholar at the University of Michigan (USA), the Social Science Research Council (USA), and the Center of Studies for Regulated Industries (Canada).

Roundtable

Moderator:

Picture of Carolina Sánchez-PáramoCarolina Sánchez-Páramo (Global Director, Poverty and Equity Global Practice, World Bank), a Spanish national, is currently the Global Director of the Poverty and Equity Global Practice (GP) at the World Bank. Prior to this assignment, she was the Poverty and Equity GP Practice Manager in the Europe and Central Asia region. Carolina has worked on operations, policy advice and analytical activities in Eastern Europe, Latin America and South Asia, and was part of the core team working on the WDR2012, “Gender Equality and Development”. Her main areas of interest and expertise include labor economics, poverty and distributional analysis, gender equality and welfare impacts of public policy. She has led reports on poverty and equity, labor markets and economic growth in several countries, as well as social sector operations. She has published articles in refereed journals and edited books on the topics described above. Carolina has a PhD in Economics from Harvard University.

Keynote Speakers:

Picture of Solomon HsiangSolomon Hsiang (Berkeley) directs the Global Policy Laboratory at Berkeley, where his team is integrating econometrics, spatial data science, and machine learning to answer questions that are central to rationally managing planetary resources–such as the economic value of the global climate, how the UN can fight wildlife poaching, the effectiveness of treaties governing the oceans, and whether satellites and AI can be combined to monitor the entire planet in real time. Hsiang earned a BS in Earth, Atmospheric and Planetary Science and a BS in Urban Studies and Planning from the Massachusetts Institute of Technology, and he received a PhD in Sustainable Development from Columbia University. He was a Post-Doctoral Fellow in Applied Econometrics at the National Bureau of Economic Research (NBER) and a Post-Doctoral Fellow in Science, Technology and Environmental Policy at Princeton University. Hsiang is currently the Chancellor’s Professor of Public Policy at the University of California, Berkeley, a Co-Director at the Climate Impact Lab, Research Associate at the NBER, a National Geographic Explorer, and an Andrew Carnegie Fellow. Hsiang is currently the Lead Author of the Economics chapter for the Fifth National Climate Assessment. In 2020, he was awarded the President’s Medal by the Geological Society of America. View his slides here.

Picture of Esteban Rossi-HansbergEsteban Rossi-Hansberg is the Glen A. Lloyd Distinguished Service Professor in the Kenneth C. Griffin Department of Economics at the University of Chicago (since 2021). Previously, he was the Theodore A. Wells ’29 Professor of Economics at Princeton University. Prior to Princeton, he was an Assistant Professor at Stanford University. He earned a Ph.D. from the University of Chicago in 2002. His research specializes in international trade, regional and urban economics, as well as growth and organizational economics. He has published extensively in all the major journals in economics. In 2007, he received the prestigious Alfred Sloan Research Fellowship and in 2010, he received the August Lösch Prize and the Geoffrey Hewings Award. He is an elected fellow of the Econometric Society since 2017 and won the Robert E. Lucas Jr. Prize in 2019. View his slides here.

Discussant:

Picture of Richard DamaniaRichard Damania (Chief Economist in the Sustainable Development Vice Presidency, World Bank) is the Chief Economist of the Sustainable Development Practice Group.  He has held several positions in the World Bank including as Senior Economic Advisor in the Water Practice, Lead Economist in the Africa Region’s Sustainable Development Department, in the South Asia and Latin America and Caribbean Regions of the World Bank.  His work has spanned across multiple sectors and has helped the World Bank become an acknowledged thought-leader on matters relating to  environment, water and the economy.  Prior to joining the World Bank he held positions in academia and has published extensively with over 100 papers in scientific journals. View his slides here.

Academic Presentations

Moderator:

Picture of Rémi JedwabRémi Jedwab (GWU) is an associate professor of Economics and International Affairs at the Elliott School and the Department of Economics of George Washington University and an Affiliated Scholar of the Marron Institute of Urban Management at New York University. Professor Jedwab’s main fields of research are development and growth, urban economics, labor economics and political economy. Some of the issues he has studied include urbanization and structural transformation, the relationship between population growth and economic growth, the economic effects of transportation infrastructure, and the roles of institutions, human capital and technology in development. He is the co-founder and co-organizer of the World Bank-GWU Urbanization and Poverty Reduction Conference and the Washington Area Development Economics Symposium. His research has been published in the American Economic Review, the Review of Economics and Statistics, the Economic Journal, and the Journal of Urban Economics. Finally, he is an Associate Editor at the Journal of Urban Economics and Regional Science and Urban Economics. 

Speakers:

Picture of Román David ZárateRomán David Zárate (World Bank) is an economist at the Trade and Integration unit of the World Bank’s Development Research Group (DEC-RG). He received a PhD in Economics from UC Berkeley. His research interests are in international trade, urban economics, and development economics. He primarily focuses on how different forms of market integration impact aggregate welfare and productivity in developing countries. View his slides here.

 

 

 

 

Picture of Kelsey JackKelsey Jack (UCSB)’s research is at the intersection of environmental and development economics, with a focus on how individuals, households, and communities decide to use natural resources and provide public goods. Much of her research uses field experiments to test theory and new policy innovations. She has done research in numerous countries in Africa, Asia and Latin America, and has ongoing work in South Africa, Ghana, Zambia and Niger. Kelsey co-chair’s the Environment and Energy sector at the Abdul Latif Jameel Poverty Action Lab at MIT (J-PAL), directs the Poverty Alleviation group at the Environmental Markets Lab at UCSB (emLab), and is an associate editor at the American Economic Review. View her slides here.

Picture of Jonathan DingelJonathan Dingel (Chicago) is an Associate Professor of Economics at the University of Chicago Booth School of Business, a Faculty Research Fellow at the National Bureau of Economic Research, and a Research Fellow at the Centre for Economic Policy Research. His research agenda focuses on the spatial distribution of economic activities across neighborhoods, cities, and countries. He tries to understand the substantial variation in the amount and nature of economic activity across space. Recently, he examined the scope for telecommuting, using satellite images to define cities, and how the global climate affects agricultural trade. View his slides here.

 

 

Picture of Marshall BurkeMarshall Burke (Stanford) is associate professor in the Department of Earth System Science and Deputy Director at the Center on Food Security and the Environment at Stanford University, and Research Fellow at the National Bureau of Economic Research. His research focuses on social and economic impacts of environmental change, and on measuring and understanding economic livelihoods across the developing world. His work regularly appears in both economics and scientific journals, including recent publications in NatureScience, the Quarterly Journal of Economics, and The Lancet.  He holds a PhD in Agricultural and Resource Economics from UC Berkeley, and a BA in International Relations from Stanford. He is also co-founder of AtlasAI, a start-up using satellites and machine learning to measure livelihoods. View his slides here.

Discussants:

Picture of Klaus DesmetKlaus Desmet (SMU) is the Altshuler Professor of Cities, Regions and Globalization at Southern Methodist University, Research Associate at NBER and Research Fellow at CEPR. He holds an MSc in Business and Engineering from the Université catholique de Louvain and a PhD in Economics from Stanford University. Before moving to SMU, he was Professor at Universidad Carlos III de Madrid. His research focuses on regional economics, economic growth, political economy and international trade. His work has appeared in journals such as the American Economic Review, the Journal of Political Economy, the Journal of Economic Theory and the Journal of Development conomics. In 2019 he was the co-recipient of the Robert E. Lucas Jr. Prize. View his slides here.

Picture of Sheetal SekhriSheetal Sekhri (UVA) is a tenured associate professor in the department of Economics at the University of Virginia. She received her PhD from Brown University. As a development economist, most of her research is in two thematic areas. She uses theoretical insights and data to answer questions related to causes and consequences of water scarcity and pollution. She also addresses issues related to gender-based violence. Her other interests are higher education, skilled labor markets, and state capacity in developing countries. Her work often uses primary datasets that she generates based on surveys she conducts and is informed by insights from various disciplines. She has conducted extensive field work in India.

Picture of Mariaflavia HarariMariaflavia (Nina) Harari (Penn – Wharton) is an Assistant Professor of Real Estate at the Wharton School, University of Pennsylvania, specializing in urban economics and development economics. Her research agenda is centered on urbanization in developing countries. Her research was featured on the American Economic Review. Dr. Harari holds a B.A. and a M.Sc. in Economics and Social Sciences from Bocconi University and a Ph.D. in economics from the Massachusetts Institute of Technology. View her slides here.

 

 

 

Picture of Paulina OliviaPaulina Oliva (USC) is an Associate Professor in the Economics Department of the University of Southern California. She received my PhD in Economics from UC, Berkeley in 2009. She specializes in the fields of Environmental Economics and Development; and specifically, on the relationship between air pollution and health and on environmental policy effectiveness in the developing world. Her work uses a variety of microeconometric techniques to study individual incentives and human impacts of air pollution. View her slides here.

Climate Change and Migration: The Case of Africa

Tuesday, November 30th, 2021
12:30 – 2:00 EST
via Zoom

In this Trade and Development workshop, Bruno Conte (Università di Bologna) presented his paper, Climate change and migration: the case of Africa.

Abstract: This paper provides a spatial general equilibrium model to quantify the impact of climate change on the economy and migration. The model can capture the role of trade networks and agricultural suitability on the distribution of population and GDP accounting for endogenous adjustments of crop choice and trade. I use detailed geospatial data from 42 countries in sub-Saharan Africa (SSA) to simulate the impact of climate using forecasts of agricultural productivity in 2080 from FAO–GAEZ. Climate change is estimated to displace 12 percent of the SSA population and reduce real GDP by 4 percent. The capacity of switching crops, urbanizing, or trading goods reduces the impact of climate change in terms of population outflows. Finally, the adoption of modern inputs in agriculture reverses considerably the negative impacts of climate change.

The Future Global Economic and Spatial Consequences of Climate Change

Tuesday, October 26th, 2021
12:30 p.m. – 2:00 p.m.
Online

Trade & Development Workshop

Speaker: Klaus Desmet (SMU)

Local Sectoral Specialization in a Warming World

Abstract: This paper quantitatively assesses the world’s changing economic geography and sectoral specialization due to global warming. It proposes a two-sector dynamic spatial growth model that incorporates the relation between economic activity, carbon emissions, and temperature. The model is taken to the data at the 1◦ by 1◦resolution for the entire world. Over a 200-year horizon, rising temperatures consistent with emissions under Representative Concentration Pathway 8.5 push people and economic activity northwards to Siberia, Canada, and Scandinavia. Compared to a world without climate change, clusters of agricultural specialization shift from Central Africa, Brazil, and India’s Ganges Valley, to Central Asia, parts of China and northern Canada. Equatorial latitudes that lose agriculture specialize more in non-agriculture but, due to their persistently low productivity, lose population. By the year 2200, predicted losses in real GDP and utility are 6% and 15%, respectively. Higher trade costs make adaptation through changes in sectoral specialization more costly, leading to less geographic concentration in agriculture and larger climate-induced migration.

Governing the New Voluntary Carbon Markets

Tuesday, October 19th, 2021
9:00 – 10:30 a.m. EDT
via Zoom

We were pleased to invite you to an IIEP/ASU-Thunderbird event on Tuesday, October 19th, entitled “Governing the New Voluntary Carbon Markets.” This event will feature Mark Kenber (VCMI) and Kavita Prakash-Mani (Mandai Nature).

Averting climate catastrophe will require every available tool, including markets. Voluntary carbon markets (VCMs) could complement government policies and drive tens of billions of dollars into activities that sequester greenhouse gases, avoid new emissions, and help move the global economy toward net zero as well as protect and restore nature and benefit people. But markets do not naturally focus on such public purposes. A new multi-stakeholder initiative, the outcome of the recent high-level Task Force on Scaling Voluntary Carbon Markets, now aims to ensure that these markets scale quickly while maintaining their public purpose at the core. Two members of the initiative’s newly formed Board of Directors will draw on their extensive experience to provide insights into the urgent challenges and opportunities of this new kind of market.

This webinar was moderated by Ann Florini of ASU-Thunderbird. IIEP Director Jay Shambaugh and IIEP Distinguished Visiting Scholar Sunil Sharma provided welcoming remarks. This event was co-sponsored by the Thunderbird School of Management, Arizona State University, and the Institute for International Economic Policy at GWU.

About the Speakers:

Picture of Mark KenbarMark Kenbar serves as VCMI’s co-Executive Director for External Affairs. He has worked on environment, climate and energy issues for over two decades, in government, NGOs and the private sector. He is currently Managing Director of Orbitas, a Climate Advisers initiative that aims to make capital providers aware of climate transition risks to investments in tropical soft commodity production and shift their lending and investment decisions accordingly. With a background in development and environmental economics, Mark has worked across various areas of environmental and climate policy, with a particular focus on the use of economic instruments in the pursuit of sustainable development. His previous roles include: Chief Executive of Mongoose Energy Ltd, the UK’s largest developer and manager of community energy projects; Policy Director and later Chief Executive at The Climate Group; Senior Policy Officer at WWF International’s Climate Change Programme; Policy and Programme Director at Fundación Natura in Quito; Climate Change Advisor to the Ecuadorian government; and lecturer at both the Catholic University in Quito and the Institute of Development Studies in the UK. He has recently been elected to the Board of Directors of the TSVCM and is currently also a board member of Community Energy England and Verra, Chair of the Reneum Advisory Council and Brighton and Hove Energy Services Coop and a member of the RE100 Advisory Committee.

Picture of Kavita Prakash-ManiKavita Prakash-Mani is the CEO for Mandai Nature, a new environmental conservation NGO established in Singapore by Temasek and Mandai Park Holding, with a focus on SE Asia. Mandai Nature helps protect threatened species from extinction, especially those endemic to Asia and often overlooked, addressing such issues as wildlife trade and the fragmentation of habitats. It works with partners to drive nature-based solutions for climate change, and it works closely with local communities and organizations to create economic opportunities and invest in building skills and conservation capacity on the ground. Prior to this, Kavita was the Global Conservation Director at WWF, leading the development of WWF strategy and approach, partnership development and engagement, planning and performance as well as campaigns. Before this position, she led WWF’s global practice on Markets – engaging companies, communities and citizens/consumers. Previously, Kavita was Executive Director of Grow Asia in Singapore (a World Economic Forum initiative); the Global Head, Food Security Agenda at Syngenta International; and Executive Director, SustainAbility in London. She has worked at the World Resources Institute in Washington DC and Glaxo SmithKline in India. Kavita is a member of Unilever Sustainability Advisory Council. She has been on numerous councils and boards including the Tropical Forest Alliance, Science Based Targets for Nature, World Economic Forum Global Agenda Council on Food Security and Nutrition, Volans, SustainAbility Inc., and the Institute for Human Rights and Business. She recently joined the Board of Directors of the new governance body for voluntary carbon markets.

About the Moderator:

Picture of Ann FloriniAnn Florini is Clinical Professor at the Thunderbird School of Global Management, Arizona State University, where she directs programs at the Washington, D.C. campus. She was previously Professor of Public Policy at Singapore Management University founding director of the Centre on Asia and Globalisation at the National University of Singapore; and a Senior Fellow at the Brookings Institution. She has spearheaded numerous international initiatives on global governance, energy and climate policy, and cross-sector collaborations including government, civil society, and the private sector. Her many books and articles have addressed governance in China, transparency in governance, transnational civil society networks, and the role of the private sector in public affairs. Dr. Florini received her Ph.D. in Political Science from UCLA and a Masters in Public Affairs from Princeton University.

Welcome Remarks:

Picture of Jay ShambaughJay Shambaugh is Professor of Economics and  International Affairs, and Director of the Institute for International Economic Policy at the Elliott School of International Affairs, George Washington University. His area of research is macroeconomics and international economics. He has had two stints in public service. He served as a Member of the White House Council of Economic Advisors from 2015-2017. Earlier, he served on the staff of the CEA as a Senior Economist for International Economics and then as the Chief Economist. He also spent 3 years as the Director of the Hamilton Project at the Brookings Institution. Jay is also a Faculty Research Fellow at the NBER and Non-Resident Senior Fellow in Economic Studies at Brookings. Prior to joining the faculty at George Washington, Jay taught at Georgetown and Dartmouth and was a visiting scholar at the IMF. He received his Ph.D. in economics from the University of California at Berkeley, an M.A. from the Fletcher School at Tufts, and a B.A. from Yale University.

Picture of Sunil SharmaSunil Sharma is a Distinguished Visiting Scholar at the Institute for International Economic Policy, Elliott School of International Affairs, The George Washington University, Washington, D.C., USA, and a Senior Associate at the Council on Economic Policies, Zurich, Switzerland. He was Assistant Director in the IMF’s Research Department from 2015-2018, and the Director of the IMF- Singapore Regional Training Institute (STI) in Singapore from 2006-2015. Before moving to Singapore in 2006, he was Chief of the IMF Institute’s Asian Division in Washington, D.C. Prior to joining the IMF in 1992, Dr. Sharma was on the Economics faculty at the University of California, Los Angeles (UCLA). He has a Ph.D. and M.A. in Economics from Cornell University, a M.A. from the Delhi School of Economics, and a B.A. (Honors) from St. Stephen’s College, Delhi University. His current interests include rethinking capitalism and democracy, systemic hazards, complex systems, the international financial architecture, and the institutional structure and design of financial regulation.

IIEP Rethinking Capitalism and Democracy Series

The COVID-19 pandemic, like the global financial crisis a decade ago, has laid bare the cracks in the leading capitalist democracies. Fissures in the political, social, economic, and financial orders, accompanied by an increasingly stressed natural environment, pose serious and possibly existential threats to these societies, as exploding income and wealth inequality subverts the integrity and fairness of markets and elections, weak regulatory oversight increases the likelihood and severity of the next crash, and the visible effects of climate change threaten lives and livelihoods and drive migrations. The three spheres of wellbeing – political and social, economic and financial, and the natural environment, are each becoming more fragile while their complex interrelationships are producing wicked challenges. The IIEP webinar series on Rethinking Capitalism and Democracy examines these difficult questions and possible policy responses.

Thunderbird Finance and Sustainability Series

The global financial system is facing new pressures to become “sustainable” – not only financially stable, but simultaneously environmentally friendly and socially inclusive. These pressures are partly political, in reaction to the increasing financialization of the global economy and the sector’s failure to steer investment to meet the needs of society. New financial technologies (“fintech”) pose yet more pressures on incumbent financial institutions but also offer great opportunities for the creation of what some are calling “citizen-centric” finance. Top public authorities are convening in the new Network of Central Banks and Supervisors for Greening the Financial System. The private sector has already moved rapidly from CSR to considering broader forms of ESG (environmental, social, governance) risks and opportunities in investments. Thunderbird’s Finance and Sustainability webinar series explores these urgent questions with leading practitioners and thinkers.

Getting India to the Green Frontier

Wednesday, September 29, 2021
9:00 – 10:30 a.m. EDT / 6:30 – 8:00 p.m. IST

This was the eleventh webinar in the “Envisioning India” series, a platform for dialogue and debate co-sponsored by the Sigur Center for Asian Studies and the Institute for International Economic Policy.

The “Envisioning India” series is organized under the stewardship of IIEP Co-Director James Foster, Oliver T. Carr, Jr. Professor of International Affairs and Professor of Economics, and IIEP Distinguished Visiting Scholar Ajay Chhibber.

The talk focused on the Getting to the Green Frontier Development Model for India that has been proposed by Mr. Sinha and laid out a Net-Zero Pathway for India in the 21st century. He also discussed climate finance options and India’s expectations from the COP 26 conference in Glasgow in November this year.

About the Speaker:

Picture of Jayant SinhaJayant Sinha, Chairperson of the Standing Committee on Finance, Parliament of India and BJP Lok Sabha Member of Parliament from Hazaribagh, Jharkhand. Mr. Sinha is a second term Member of Parliament from Jharkhand, India. Mr. Sinha won his Lok Sabha elections in 2014 and 2019 with record margins. As Chairperson of the Standing Committee on Finance, Mr. Sinha leads the 31 member Parliamentary panel that has oversight of the Ministries of Finance, Corporate Affairs, Statistics & Program Implementation, and the Niti Aayog (the government planning agency). In addition, the panel has Parliamentary responsibility for the Reserve Bank of India, the Securities & Exchange Board of India, the Insolvency & Bankruptcy Board, and the Insurance and Pension regulatory authorities. Mr. Sinha is very active in Parliament having opened the debate on India’s Annual Budget on multiple occasions as well as by introducing important Private Member Bills. In the 2021 Budget session, he introduced the Climate Change (Net Zero Carbon) Private Member Bill 2021.

Previously, Mr. Sinha served on India’s Council of Ministers from 2014 to 2019; first, as the Minister of State for Finance and then as the Minister of State for Civil Aviation. During his time as a Minister, Mr. Sinha gained wide recognition as an innovative and results-oriented policymaker with singular successes ranging from piloting the legislation that brought in India’s game-changing bankruptcy code to establishing India’s sovereign wealth fund (the National Infrastructure Investment Fund) to privatizing multiple airports under an entirely new regulatory framework. As Aviation Minister, Mr. Sinha was instrumental in upgrading safety and security across India’s fast-growing aviation system. He launched the UDAN Regional Connectivity Scheme which expanded the number of operational airports in India by 50% in just three years. Mr. Sinha also implemented several major digital initiatives such as the DigitalSky Drone policy and the DigiYatra digital traveler program.

Prior to his career in public service, Mr. Sinha was Partner at Omidyar Network (ON) and the Managing Director of Omidyar Network India Advisors, where he led overall investment strategy and operations in India from 2009 to 2013. At Omidyar, Mr. Sinha made venture capital investments in a variety of companies including two unicorns: Quikr and DailyHunt. Before joining Omidyar Network, Mr. Sinha was Managing Director at Courage Capital Management, where he led Global Technology and India-related investing for a billion dollar global special situations hedge fund. Mr. Sinha joined Courage Capital in 2006 after twelve years with McKinsey & Company, where he was a Partner in the Boston and Delhi offices, and co-led the Global Software & Services Practice.

As a global thought leader, Mr. Sinha has been published in the Financial Times, Times of India, Economic Times, Indian Express, Business Standard, Harvard Business Review, and the McKinsey Quarterly. He has pioneered new thinking on platform-based businesses, innovation-driven entrepreneurship, Climate Change, and sustainable development. Mr. Sinha’s Getting to the Green Frontier development model is gaining broad acceptance as the Net Zero pathway for India in the 21st century.

Mr. Sinha has an MBA with Distinction from the Harvard Business School, an MS in Energy Management & Policy from the University of Pennsylvania, and a BTech with Distinction from the IIT Delhi. He was awarded the Distinguished Alumni award from IIT Delhi in 2015.

About the Discussants:

Picture of Mohua MukherjeeMohua Mukherjee served for over 25 years in many roles at the World Bank in Washington DC, primarily on investment projects. Her experience with World Bank lending spans 9 different sectors in 44 countries. Her most recent responsibility at the World Bank was heading the innovative US$1 billion Solar Program for Govt of India, which covered rooftop solar, large-scale solar parks and dedicated transmission lines to transport solar energy from one part of the country to the rest. She is also an Advisor with the India Smart Grid Forum. Previously, she worked pro bono for two years to support the establishment of the International Solar Alliance and served as their Program Ambassador. Mohua retired early from the World Bank in 2017 due to family reasons, and today she works as a Consultant for various international organizations, including the World Bank.

She also worked as an investment banker during a four year sabbatical in Nairobi, Kenya, where she successively headed the Corporate Finance Departments of Citibank and ABN AMRO Bank. Mohua has a Bachelors and Masters degree in Economics and an MBA, all from Boston University on an academic scholarship, and she has a Certificate in Public Private Partnerships from Harvard University.

Picture of Nitin DesaiNitin Desai has had a long and distinguished career in the Government of India and the United Nations. He has also worked for some time in private industry and taught at two UK Universities.

In the Government of India Mr. Desai worked at senior levels in the Planning Commission from 1973 to 1987. From 1988 to 1990 Mr. Desai was the Chief Economic Adviser and Secretary in the Department of Economic Affairs in the Ministry of Finance.

Mr. Desai joined the United Nations in 1990 as Deputy Secretary General of the Rio Earth Summit and was Under Secretary General from 1993 to 2003 dealing with economic and social affairs. Mr. Desai’s international involvement has been most prominent in the development and promotion of sustainable development as the goal of policy, first as Senior Adviser and key draftsman for “Our Common Future”, the Report of the Brundtland Commission on Environment and Development and then as Deputy Secretary-General for the Rio Earth Summit, the manager of the Commission on Sustainable Development for its first decade and as the Secretary General for the Johannesburg Summit. He was also responsible for the organisation of the Copenhagen Summit on Social Development, the Monterrey Summit on Finance for Development and many other global events.

After his retirement from the UN Mr. Desai continued to remain a Special Adviser to the UN Secretary General for Internet governance and chaired the Advisory Group that organizes the annual UN Internet Governance Forum till December 2010.

He chaired a Committee on Venture Capital and Technology Innovation set up by the Planning Commission in 2005-06 and the Advisory Panel on Transparency Standards set up by the Reserve Bank of India in 2007-08. He is also the Indian co-chair with Lord Chris Patten of the Indo-UK Roundtable set up by the two governments. He is a member of the Council on Climate Change chaired by the Prime Minister and was a member of the National Security Advisory Board 2008-10. He is also a member of the News Broadcasting Standards Authority.

He is an Honorary Fellow of the London School of Economics and Political Science, UK. In India he is a Distinguished Visiting Fellow at the Energy and Resources Institute (TERI) and Honorary Professor at the Indian Council for Research in International Economic Relations (ICRIER). He is connected with the governing bodies of several NGOs and research institutions including the Institute of Economic Growth whose Governing Body he chairs. He is a trustee of Worldwide Fund for Nature (WWF) International. He writes a monthly column for the Business Standard, an Indian daily.

Poverty, Climate, and Unemployment: Towards a World of Three Zeros

Thursday, September 16, 2021
10:00 a.m. – 11:00 p.m. EDT
via Zoom

We were pleased to invite you to a conversation with Nobel Peace Prize laureate Muhammad Yunus, the founder of the Grameen Bank in Bangladesh who created a model for combating poverty through microlending. He is the author of three books, including Banker to the Poor. The event was moderated by Prof. James Foster, Oliver T. Carr Jr Professor of International Affairs, Professor of Economics, and Vice Dean at the Elliott School of International Affairs. Prof. Foster is known for developing the Global Multidimensional Poverty Index (MPI) along with Dr. Sabina Alkire. Elliott School Dean Alyssa Ayres provided welcome remarks.

About the Speaker:

Picture of Muhammad YunusNobel Laureate Professor Muhammad Yunus is the founder of Grameen Bank, pioneering the concepts of microcredit and social business, founding more than 50 Social Business companies in Bangladesh. For his constant innovation and enterprise, the Fortune Magazine named Professor Yunus in March 2012 as “one of the greatest entrepreneurs of our time.” At the Opening Ceremony of the Olympic Games Tokyo 2020 Professor Yunus was conferred with the Olympic Laurel award for his extensive work in sports for development, bringing the concept of social business to the sports world.

In 2006, Professor Yunus and Grameen Bank were jointly awarded the Nobel Peace Prize.

Professor Muhammad Yunus is the recipient of 63 honorary degrees from universities across 26 countries. He has received 143 awards from 33 countries including state honours from 10 countries. He is one of only seven individuals to have received the Nobel Peace Prize, the United States Presidential Medal of Freedom and the United States Congressional Gold Medal. He has appeared on the cover of Time Magazine, Newsweek and Forbes Magazine.

Professor Yunus has been stressing the need for a basic decision of ‘No Going Back’ to the old ways of thinking and doing. He proposes to create new roads to go to a new destination by creating a World of 3 Zeros – zero net carbon emission, zero wealth concentration for ending poverty once and for all, and zero unemployment by unleashing entrepreneurship in everyone.

His recent focuses are:

a. Professor Yunus has been campaigning for making the Covid 19 Vaccine as a Global Common Good since June, 2020, urging the World Trade Organization to place a temporary waiver on Intellectual Property rights on vaccines to free up the global capacity to produce vaccines at all locations around the world.

b. Professor Yunus has launched a programme of creating a network of 3ZERO Clubs, each club to be formed by five young people. The programme aims to engage the global youth in initiating actions for creating solutions for global problems.

About the Moderator:

Picture of James FosterJames E. Foster is the Oliver T. Carr, Jr. Professor of International Affairs, Professor of Economics, and Vice Dean of the Elliott School of International Affairs at the George Washington University. He is also a Research Associate at the Oxford Poverty and Human Development Initiative at Oxford University. Professor Foster’s research focuses on welfare economics — using economic tools to evaluate and enhance the wellbeing of people. His joint 1984 Econometrica paper (with Joel Greer and Erik Thorbecke) is one of the most cited papers on poverty. It introduced the FGT Index, which has been used in thousands of studies and was employed in targeting the Progresa CCT program in Mexico. Other research includes work on economic inequality with Amartya Sen; on the distribution of human development with Luis Felipe Lopez-Calva and Miguel Szekely; on multidimensional poverty with Sabina Alkire; and on literacy with Kaushik Basu.

Professor Foster’s work underlies many well-known social indices including the global Multidimensional Poverty Index (MPI) published annually by the UNDP in the Human Development Report, dozens of national MPIs used to guide domestic policy against poverty, the Women’s Empowerment in Agriculture Index (WEAI) at USAID, the Gross National Happiness Index of Bhutan, the Better Jobs Index of the InterAmerican Development Bank, and the Statistical Performance Index of the World Bank.

Alyssa Aryes will provide welcome remarks.

Picture of Alyssa AryesAlyssa Ayres is Dean of the Elliott School of International Affairs at George Washington University. Dean Ayres is a foreign policy practitioner and award-winning author with senior experience in the government, nonprofit, and private sectors. She was Senior Fellow for India, Pakistan, and South Asia at the Council on Foreign Relations (CFR), where she remains an adjunct senior fellow. From 2010 to 2013 Ayres served as Deputy Assistant Secretary of State for South Asia in the Barack Obama administration, where she covered all issues across a dynamic region of 1.3 billion people at the time (Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka) and provided policy direction for four U.S. embassies and four consulates. Her work focuses primarily on India’s role in the world and on U.S. relations with South Asia in the larger Indo-Pacific. Her last book is, Our Time Has Come: How India is Making Its Place in the World (OUP, 2018). She holds a Ph.D. from the University of Chicago.

Food Systems at a Crossroads: How to fix them and help people, economies, and the planet

Thursday, June 24, 2021
12 p.m. EDT
via Zoom

The empty grocery shelves and miles-long food bank queues we have seen during the COVID-19 pandemic have underscored the fragility of the highly centralized, “just-in-time” global food supply chain on which we all depend. But the food system’s weaknesses extend far beyond vulnerability to shocks. Food produced through the overuse of chemicals, in monoculture cropping systems, and intensive animal farming on land and at sea degrades natural resources faster than they can regenerate and causes over a third of all man-made greenhouse gas emissions. Crucially, this flawed system fails to feed the world, with billions of people chronically under- or over-nourished.

Nicoletta Batini and Bruce Friedrich in conversation with moderator Ann Florini explored the economic and financial policies needed to make food systems healthy for people and planet, alongside measures to boost ecosystem conservation to preserve the future of food security, providing several examples of successful country cases. The role of disruptive technologies and markets, like the booming sector of alternative proteins, will receive special attention.

Opening Remarks:

Picture of Sunil SharmaSunil Sharma is a Distinguished Visiting Scholar at the Institute for International Economic Policy, Elliott School of International Affairs, The George Washington University, Washington, D.C., USA, and a Senior Associate at the Council on Economic Policies, Zurich, Switzerland. He was Assistant Director in the IMF’s Research Department from 2015-2018, and the Director of the IMF-Singapore Regional Training Institute (STI) in Singapore from 2006-2015. Before moving to Singapore in 2006, he was Chief of the IMF Institute’s Asian Division in Washington, D.C. Prior to joining the IMF in 1992, Dr. Sharma was on the Economics faculty at the University of California, Los Angeles (UCLA). He has a Ph.D. and M.A. in Economics from Cornell University, and his current interests include rethinking capitalism and democracy, systemic hazards, complex systems, the international financial architecture, and the institutional structure and design of financial regulation.

About the Speaker:

Picture of Nicoletta BatiniNicoletta Batini is the Lead Evaluator of the International Monetary Fund’s (IMF) Independent Evaluation Office. Prior to the IMF, she was Advisor of the Bank of England’s Monetary Policy Committee, Professor of Economics at the University of Surrey, and Director of the International Economics and Policy Office of the Treasury in Italy. She holds a Ph.D. in international finance (S.S.S.U.P. S. Anna) and a Ph.D. in monetary economics (University of Oxford). Today her research focuses on the economics of energy and land and sea use transitions for climate mitigation. Her new book “The Economics of Sustainable Food: Smart Policies for People and the Planet” was just published by Island Press and the International Monetary Fund.

About the Discussant:

Picture of Bruce FriedrichBruce Friedrich is co-founder and executive director of the Good Food Institute. With branches in the United States, India, Israel, Brazil, Europe, and Asia Pacific, GFI is accelerating the production of plant-based and cultivated meat in order to bolster the global protein supply while protecting our environment, promoting global health, and preventing food insecurity. Bruce oversees GFI’s global strategy, working with directors and international managing directors to ensure that GFI is maximally effective at delivering mission-focused results. Bruce graduated from Georgetown Law and also holds degrees from Johns Hopkins University and the London School of Economics. Bruce was named 2021 “American Food Hero” by @EatingWell Magazine.

About the Moderator:

Picture of Ann FloriniAnn Florini is Clinical Professor at the Thunderbird School of Global Management at Arizona State University, where she directs programs at the Washington, DC campus. She was previously Professor of Public Policy at Singapore Management University; founding Director of the Centre on Asia and Globalization at the National University of Singapore; and a Senior Fellow at the Brookings Institution. She has spearheaded numerous international initiatives on global governance, energy and climate policy, and cross-sector collaborations involving government, civil society and the private sector. Her many books and articles have addressed governance in China, transparency in governance, transnational civil society networks, and the role of the private sector in public affairs. Dr. Florini received her Ph.D. in Political Science from UCLA and a Masters in Public Affairs from Princeton University.

 

IIEP Rethinking Capitalism and Democracy Series

The COVID-19 pandemic, like the global financial crisis a decade ago, has laid bare the cracks in the leading capitalist democracies. Fissures in the political, social, economic, and financial orders, accompanied by an increasingly stressed natural environment, pose serious and possibly existential threats to these societies, as exploding income and wealth inequality subverts the integrity and fairness of markets and elections, weak regulatory oversight increases the likelihood and severity of the next crash, and the visible effects of climate change threaten lives and livelihoods and drive migrations. The three spheres of wellbeing – political and social, economic and financial, and the natural environment, are each becoming more fragile while their complex interrelationships are producing wicked challenges. The IIEP webinar series on Rethinking Capitalism and Democracy examines these difficult questions and possible policy responses.

 

Thunderbird Finance and Sustainability Series

The global financial system is facing new pressures to become “sustainable” – not only financially stable, but simultaneously environmentally friendly and socially inclusive. These pressures have emerged in reaction to the increasing financialization of the global economy and the sector’s failure to steer investment to meet the full needs of society. Top public authorities are rethinking financial regulation, coming together, for example, in the new Network of Central Banks and Supervisors for Greening the Financial System. The private sector has already moved rapidly from CSR to considering broad ESG (environmental, social, governance) risks and opportunities in investments. Some investors are exploring natural and social capital returns, along with financial metrics. New financial technologies (“fintech”) impose yet more pressures on incumbent institutions, but also offer opportunities for the creation of “citizen-centric” finance. Thunderbird’s Finance and Sustainability webinar series explores these developments with leading practitioners and thinkers.

Policy Choices and Contagion: The Covid Pandemic and the Climate Crisis

Wednesday, May 26, 2021
12 p.m. – 1:30 p.m. EDT
via Zoom

Behavioral contagion refers to how ideas and behaviors often spread in ways that resemble the spread of infectious disease. Exposure to others infected by a virus, for example, makes people more likely to become infected, just as people are more likely to drink excessively when they spend more time with heavy drinkers. But there are also important differences between the two types of contagion. One is the effect of visibility. Solar panels that are visible from the street, for instance, are more likely to stimulate neighboring installations. In contrast, we try to avoid others who are visibly ill. Another difference is that viral contagion is almost always a bad thing, but behavioral contagion can be either negative—as with smoking—or positive, as with solar installations. The seminar will discuss the policy choices we face when individually rational behavior is collectively irrational, as often happens under both types of contagion.

This webinar was moderated by IIEP Co-Director James Foster, with introductory remarks by IIEP Distinguished Visiting Scholar Sunil Sharma and welcome remarks by Ann Florini of ASU-Thunderbird. This event was co-sponsored by the Thunderbird School of Management, Arizona State University, and the Institute for International Economic Policy at GWU.

Meet the Presenter:

Robert H. Frank (@econnaturalist) is the HJ Louis Professor of Management and Professor of Economics, Emeritus, at Cornell’s Johnson School of Management.  His “Economic View” column has appeared in The New York Times since 2005. He received his B.S. in mathematics from Georgia Tech, then taught math and science for two years as a Peace Corps Volunteer in rural Nepal.  He holds an M.A. in statistics and a Ph.D. in economics, both from the University of California at Berkeley.

His books, which include Choosing the Right Pond, Passions Within Reason, Microeconomics and Behavior, Principles of Economics (with Ben Bernanke), Luxury Fever, What Price the Moral High Ground?, Falling Behind, The Economic Naturalist, The Darwin Economy, Success and Luck, and Under the Influence have been translated into 24 languages. The Winner-Take-All Society, co-authored with Philip Cook, received a Critic’s Choice Award, was named a Notable Book of the Year by The New York Times, and was included in Business Week‘s list of the ten best books of 1995. He received the 2004 Leontief Prize for Advancing the Frontiers of Economic Thought, the Johnson School’s Stephen Russell Distinguished teaching award in 2004, 2010, 2012, and 2017, and its Apple Distinguished Teaching Award in 2005.

Meet the Discussant:

Roland KupersDr. Roland Kupers is an advisor on Complexity, Resilience and Energy Transition, a Professor of Practice at the Thunderbird School of Global Management, Arizona State University, and a fellow at the Institute for Advanced Studies at the University of Amsterdam.

A theoretical physicist by training, Roland spent a decade at AT&T and then a decade at Royal Dutch Shell in various senior executive functions, including Vice President for Sustainable Development and Vice President Global LNG, where he was integrally involved with strategy and scenario planning.

His numerous publications include most recently his pathbreaking book on A Climate Policy Revolution: What the Science of Complexity Reveals about Saving Our Planet (Harvard University Press, 2020). His previous works include such co-authored books as The Essence of Scenarios (Amsterdam University Press, 2014) and Complexity and the Art of Public Policy (Princeton University Press 2014), along with an edited volume: Turbulence: A Corporate Perspective on Collaborating for Resilience (Amsterdam University Press, 2014) and articles in Harvard Business Review and in Project Syndicate.

Meet the moderator:

Picture of Sunil SharmaSunil Sharma is a Distinguished Visiting Scholar at the Institute for International Economic Policy, Elliott School of International Affairs, The George Washington University, Washington, D.C., USA, and a Senior Associate at the Council on Economic Policies, Zurich, Switzerland. He was Assistant Director in the IMF’s Research Department from 2015-2018, and the Director of the IMF- Singapore Regional Training Institute (STI) in Singapore from 2006-2015. Before moving to Singapore in 2006, he was Chief of the IMF Institute’s Asian Division in Washington, D.C. Prior to joining the IMF in 1992, Dr. Sharma was on the Economics faculty at the University of California, Los Angeles (UCLA). He has a Ph.D. and M.A. in Economics from Cornell University, a M.A. from the Delhi School of Economics, and a B.A. (Honors) from St. Stephen’s College, Delhi University. His current interests include rethinking capitalism and democracy, systemic hazards, complex systems, the international financial architecture, and the institutional structure and design of financial regulation.

Welcome Remarks by: 

Picture of Ann FloriniAnn Florini is Clinical Professor at the Thunderbird School of Global Management, Arizona State University, where she directs programs at the Washington, D.C. campus. She was previously Professor of Public Policy at Singapore Management University founding director of the Centre on Asia and Globalisation at the National University of Singapore; and a Senior Fellow at the Brookings Institution. She has spearheaded numerous international initiatives on global governance, energy and climate policy, and cross-sector collaborations including government, civil society, and the private sector. Her many books and articles have addressed governance in China, transparency in governance, transnational civil society networks, and the role of the private sector in public affairs. Dr. Florini received her Ph.D. in Political Science from UCLA and a Masters in Public Affairs from Princeton University.

Picture of James FosterJames E. Foster is the Oliver T. Carr, Jr. Professor of International Affairs, Professor of Economics, and Co-Director of the Institute for International Economic Policy at the George Washington University. He is also a Research Associate at the Oxford Poverty and Human Development Initiative at Oxford University. Professor Foster’s research focuses on welfare economics — using economic tools to evaluate and enhance the wellbeing of people. His work underlies many well-known social indices including the global Multidimensional Poverty Index (MPI) published annually by the UNDP in the Human Development Report, dozens of national MPIs used to guide domestic policy against poverty, the Women’s Empowerment in Agriculture Index (WEAI) at USAID, the Gross National Happiness Index of Bhutan, the Better Jobs Index of the InterAmerican Development Bank, and the Statistical Performance Index of the World Bank. Prof. Foster received his PhD in Economics from Cornell University and has a Doctorate Honoris Causa from Universidad Autonoma del Estado Hidalgo (Mexico).

IIEP Rethinking Capitalism and Democracy Series

The COVID-19 pandemic, like the global financial crisis a decade ago, has laid bare the cracks in the leading capitalist democracies. Fissures in the political, social, economic, and financial orders, accompanied by an increasingly stressed natural environment, pose serious and possibly existential threats to these societies, as exploding income and wealth inequality subverts the integrity and fairness of markets and elections, weak regulatory oversight increases the likelihood and severity of the next crash, and the visible effects of climate change threaten lives and livelihoods and drive migrations. The three spheres of well-being – political and social, economic and financial, and the natural environment, are each becoming more fragile while their complex interrelationships are producing wicked challenges. The IIEP webinar series on Rethinking Capitalism and Democracy examines these difficult questions and possible policy responses.

Thunderbird Finance and Sustainability Series

The global financial system is facing new pressures to become “sustainable” – not only financially stable, but simultaneously environmentally friendly and socially inclusive. These pressures are partly political, in reaction to the increasing financialization of the global economy and the sector’s failure to steer investment to meet the needs of society. New financial technologies (“fintech”) pose yet more pressures on incumbent financial institutions but also offer great opportunities for the creation of what some are calling “citizen-centric” finance. Top public authorities are convening in the new Network of Central Banks and Supervisors for Greening the Financial System. The private sector has already moved rapidly from CSR to considering broader forms of ESG (environmental, social, governance) risks and opportunities in investments. Thunderbird’s Finance and Sustainability webinar series explores these urgent questions with leading practitioners and thinkers.

Peace in the Age of Chaos

Thursday, April 22, 2021
5:00 pm – 6:30 pm EDT
via Zoom

The major challenges facing humanity are global in nature – climate change, pandemics, ever decreasing biodiversity, lack of usable fresh water and food security to name a few. Without a world that is basically peaceful, we will never get the levels of trust, cooperation and inclusiveness needed to solve these issues – yet, what creates peace is poorly understood.

In his ground-breaking new book, Peace in the Age of Chaos: The Best Solution for a Sustainable Future, Steve Killelea, founder of both the Global Peace Index and the world-renowned think tank, the Institute for Economics and Peace (IEP), shares his personal journey to study, understand and measure peace – a peace that is a positive, tangible and achievable measure of human wellbeing and progress.

This was a discussion with Steve about his new book; why he believes peace is a prerequisite for the survival of society as we know it in the 21 st century; and how Positive Peace, when combined with systems thinking, provides an exciting new way to conceptualise how societies function and a new approach to solving some of the most intractable problems of our time.

Meet the presenter:

Picture of Steve KilleleaAs a global philanthropist, Steve Killelea has laid the foundations to develop an entirely new understanding of peace. As a thought leader, he has reshaped the entire concept to recognise its integrity to the revival of our economic and political systems. Few have provoked global thought amongst both policymakers and members of the public quite to the extent of Steve. An international entrepreneur behind the global think tank, the Institute for Economics and Peace, he combines a highly successful career in technology with a philanthropic focus on peace and sustainable development to shed new light on issues, from terrorism and conflict to economics and prosperity.

Steve harbours over a decade’s worth of award-winning experience, delving into the crucial yet misunderstood concept of global peace. He founded the Institute for Economics and Peace (IEP) in 2007, as an independent not for profit global research institute analysing the intertwined relationships between business, peace, and economic development. Steve’s funding and thought leadership behind the Institute would see him recognised as one of the World’s 100 Most Influential People on reducing the onset of armed violence. IEP global leadership extends to calculating the economic cost of violence, measuring peace, risk analysis of a nation’s threat levels, and a new understanding of “Positive Peace” – an eight- pillar model embracing the attitudes, institutions, and structures required to create and sustain peaceful societies. As one of the world’s most impactful think tanks, its research is extensively used by multi-laterals, including the United Nations, World Bank, Organisation for Economic Co-operation and Development (OECD), as well as thousands of university courses around the world. He is also the founder of the Global Peace Index, the world’s leading quantitative measurement of global peacefulness, ranking 163 countries, and independent territories.

Meet the discussant:

Picture of Pedro ConceiçãoSince January 2019, Pedro Conceição is Director of the Human Development Report Office, United Nations Development Programme (UNDP). Prior to that, from October 2014, he was Director, Strategic Policy, at the Bureau for Policy and Programme Support of UNDP, where he co-led the UN’s participation in the G20 Finance and Central Bank Governors Meetings, managed UNDP’s engagement in the Financing for Development processes, and contributed to articulate UNDP’s support to the implementation of the 2030 Agenda and the Sustainable Development Goals. Before that, he was Chief-Economist and Head of the Strategic Advisory Unit at the Regional Bureau for Africa (from 1 December 2009).

Prior to this, he was Director of the Office of Development Studies (ODS) from March 2007 to November 2009, and Deputy Director of ODS, from October 2001 to February 2007. His work on financing for development and on global public goods was published by Oxford University Press in books he co-edited (The New Public Finance: Responding to Global Challenges, 2006; Providing Global Public Goods: Managing Globalization, 2003).

He has published on inequality, the economics of innovation and technological change, and development in, amongst others journals, the African Development Review, Review of Development Economics, Eastern Economic Journal, Ecological Economics, Environmental Economics and Policy Studies, and Technological Forecasting and Social Change. He co-edited several books including: Innovation, Competence Building, and Social Cohesion in Europe- Towards a Learning Society (Edward Elgar, 2002) and Knowledge for Inclusive Development (Quorum Books, 2001).

Prior to coming to UNDP, he was an Assistant Professor at the Instituto Superior Técnico, Technical University of Lisbon, Portugal, teaching and researching on science, technology and innovation policy. He has degrees in Physics from Instituto Superior Técnico and in Economics from the Technical University of Lisbon and a PhD. in Public Policy from the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin, where he studied with a Fulbright scholarship.

Matthew Levinger is Research Professor of International Affairs at the George Washington University. He directs the National Security Studies Program, an executive education program for senior officials from the U.S. government and its international partners, as well as the Master of International Policy and Practice Program at GW’s Elliott School of International Affairs. Before joining GW, he was Senior Program Officer at the United States Institute of Peace, where he developed and taught executive education programs on international conflict analysis and prevention for foreign policy professionals from the United States and overseas. From 2005 to 2007, Levinger was Founding Director of the Academy for Genocide Prevention at the U.S. Holocaust Memorial Museum. At the Holocaust Museum, he played a key role in launching “Crisis in Darfur,” a joint initiative of the Museum and Google Earth, as well as the Genocide Prevention Task Force, co-chaired by former Secretary of State Madeleine Albright and former Secretary of Defense William Cohen.  Before moving to Washington, he was associate professor of History at Lewis & Clark College in Portland, Oregon; he has also taught at Stanford University. In 2003-2004, he was a William C. Foster Fellow at the U.S. Department of State. He has consulted for organizations including the World Bank, IREX, the National Democratic Institute, and the UN Department of Peacekeeping Operations.

Levinger’s research and teaching have focused on conflict analysis and prevention, as well as the history of nationalism, revolutionary politics, and genocide. His handbook Conflict Analysis: Understanding Causes, Unlocking Solutions was published by the U.S. Institute of Peace Press in 2013.  He is also the author of Enlightened Nationalism: The Transformation of Prussian Political Culture, 1806-1848 (Oxford, 2000) and coauthor of The Revolutionary Era, 1789-1850 (Norton, 2002). He received his B.A. from Haverford College and his Ph.D. in History from the University of Chicago.

Meet the Moderator: 

Picture of Sabina AlkireSabina Alkire directs the Oxford Poverty and Human Development Initiative (OPHI), a research centre within the Oxford Department of International Development, University of Oxford. Dr Alkire works on a new approach to measuring poverty and well-being that goes beyond the traditional focus on income and growth. This multidimensional approach to measurement includes social goals, such as health, education, nutrition, standard of living and other valuable aspects of life. She devised a new method for measuring multidimensional poverty with her colleague James Foster (OPHI Research Associate and Professor of Economics at George Washington University) that has advantages over other poverty measures and has been adopted by the Mexican Government, the Bhutanese Government in their ‘Gross National Happiness Index’ and the United Nations Development Programme. Dr Alkire has been called upon to provide input and advice to several initiatives seeking to take a broader approach to well-being rather than just economic growth, for example, the Commission on the Measurement of Economic Performance and Social Progress (instigated by President Sarkozy); the United Nations Human Development Programme Human Development Report Office; the European Commission; and the UK’s Department for International Development.

 

This event was co-sponsored by the Institute for Economics and Peace, the Oxford Poverty & Human Development Initiative (OPHI), the UNDP Human Development Report Office (UNDP-HDRO), and the Institute for International Economic Policy (IIEP).

Logo of the Institute for Economics and Peace
Logo of OPHI
Logo of IIEP

Valuing Nature: Whales, Elephants, and the Global Economy

Thursday, November 19, 2020
12:00 p.m. – 1:15 p.m.

via WebEx

Economic systems and human well-being depend critically on natural services provided by a huge range of ecosystems. But those ecosystems are being rapidly destroyed by failure to value those services. As the understanding grows that nature provides finite and often irreplaceable inputs into human lives and livelihoods, new methods are emerging to value natural capital and incorporate those valuations into markets and public policy.

In this webinar, IMF economist Ralph Chami builds on his pathbreaking studies on whales, elephants, and other natural service-providers to lay out an accessible valuation framework that decision makers can use to build public-private partnerships, create employment opportunities, and build a nature-friendly and inclusive global economy. ASU-Thunderbird professor Ann Florini will provide discussant remarks.

This webinar was moderated by Dr. Sunil Sharma, Distinguished Visiting Scholar at the Institute for International Economic Policy, alongside IIEP Co-Director James Foster, Oliver T. Carr Professor of International Affairs and Professor of Economics. This event is co-sponsored by the Thunderbird School of Management at Arizona State University and the Institute for International Economic Policy at GWU.

Meet the Discussants:

 

Ralph Chami PictureRalph Chami is currently an Assistant Director at the IMF and leads the Western Hemisphere Division of the Institute for Capacity Development (ICD). Previously, he was Assistant Director and Division Chief in the Middle East and Central Asia Department responsible for the Regional Economic Outlook, and then the surveillance and program work on fragile states. His forthcoming book on Macroeconomic Policy in Fragile States, co-edited with Raphael Espinoza and Peter Montiel, will be published by Oxford University Press in January 2021. Before joining the IMF in 1999, he was on the Finance faculty of the Mendoza School of Business, University of Notre Dame, USA. Dr. Chami has a Ph.D. in Economics from the Johns Hopkins University, and his areas of interest include banking regulation and supervision, financial markets, remittances, and climate change.

Picture of Ann FloriniAnn Florini is Clinical Professor at the Thunderbird School of Global Management, Arizona State University, where she directs programs at the Washington, D.C. campus. She was previously Professor of Public Policy at Singapore Management University founding director of the Centre on Asia and Globalisation at the National University of Singapore; and a Senior Fellow at the Brookings Institution. She has spearheaded numerous international initiatives on global governance, energy and climate policy, and cross-sector collaborations including government, civil society, and the private sector. Her many books and articles have addressed governance in China, transparency in governance, transnational civil society networks, and the role of the private sector in public affairs. Dr. Florini received her Ph.D. in Political Science from UCLA and a Masters in Public Affairs from Princeton University.

Picture of James E. FosterJames E. Foster is the Oliver T. Carr, Jr. Professor of International Affairs, Professor of Economics, and Co-Director of the Institute for International Economic Policy at the George Washington University. He is also a Research Associate at the Oxford Poverty and Human Development Initiative at Oxford University. Professor Foster’s research focuses on welfare economics — using economic tools to evaluate and enhance the wellbeing of people. His work underlies many well-known social indices including the global Multidimensional Poverty Index (MPI) published annually by the UNDP in the Human Development Report, dozens of national MPIs used to guide domestic policy against poverty, the Women’s Empowerment in Agriculture Index (WEAI) at USAID, the Gross National Happiness Index of Bhutan, the Better Jobs Index of the InterAmerican Development Bank, and the Statistical Performance Index of the World Bank. Prof. Foster received his PhD in Economics from Cornell University and has a Doctorate Honoris Causa from Universidad Autonoma del Estado Hidalgo (Mexico).

Sunil SharmaSunil Sharma is a Distinguished Visiting Scholar at the Institute for International Economic Policy, Elliott School of International Affairs, The George Washington University, Washington DC, USA, and a Senior Associate at the Council on Economic Policies, Zurich, Switzerland. He was Assistant Director in the IMF’s Research Department from 2015-2018, and the Director of the IMF-Singapore Regional Training Institute (STI) in Singapore from 2006-2015. Before moving to Singapore in 2006, he was Chief of the IMF Institute’s Asian Division in Washington, D.C. Prior to joining the IMF in 1992, he was on the Economics faculty at the University of California, Los Angeles (UCLA). He has a Ph.D. and M.A. in Economics from Cornell University, and his current interests include rethinking capitalism and democracy, systemic hazards, complex systems, the international financial architecture,  and the institutional structure and design of financial regulation.

 

More info can be found here.

 

Earth Day: The Ethics of Climate Change

The Leadership, Ethics and Practice (LEAP) Initiative, the Institute for
International Economic Policy (IIEP), and the Masters of Arts in International
Affairs (MAIA) program present:

Earth Day:
The Ethics of Climate Change
A lunch discussion with Dr. Andrew Steer, President and CEO of World
Resources Institute

 

Monday, April 22, 2019
12:00pm to 1:00p

Elliott School of International Affairs
Room 505,  5th floor
1957 E Street NW Washington, DC 20052

About the Speaker

Dr. Andrew Steer is the President and CEO of the World Resources Institute, a global research organization that works in more than 50 countries, with offices in the Brazil, China, Europe, India, Indonesia, Mexico and the United States. WRI’s more than 500 experts work with leaders to address six urgent global challenges at the intersection of economic development and the natural environment: food, forests, water, climate, energy and cities.Dr. Steer joined WRI from the World Bank, where he served as Special Envoy for Climate Change from 2010 – 2012. From 2007 to 2010, he served as Director General at the UK Department of International Development (DFID) in London. Dr. Steer is a Global Agenda Trustee for the World Economic Forum, and is a member of the China Council for International Cooperation on Environment and Development (CCICED), the Leadership Council of the Sustainable Development Solutions Network, the Energy Transitions Commission, the Champions 12.3 Coalition to reduce food loss and waste, the Sustainable Advisory Groups of both IKEA and the Bank of America, and he serves on the Executive Board of the UN Secretary General’s Sustainable Energy For All Initiative. In earlier years, Andrew held several senior posts at the World Bank, including Director of the Environment Department. He also has directed World Bank operations in Vietnam and Indonesia and served as Chief of the Country Risk Division and Director and Chief Author of the 1992 World Development Report on Environment and Development.

Financing the Sustainable Development Goals

Wednesday, April 10th 2019 8:00 AM – 9:30 AM

Lindner Family Commons

 

Information: The last few years have witnessed a seismic shift in investors’ attitudes and demand for social and economic investments in emerging markets. Impact investing, ESG, Green Finance and SDGs are among many of the words that have recently populated investment committees and investor conferences as well as boardrooms. Leveraging GWU’s IIEP Visiting Scholar’s work on Assessing and Monitoring the Addis Ababa Action Agenda (AAA) and Citi’s GPS research, UN’s SDG: Pathways to Success- A Systemic Framework for Aligning Investment, the event will provide the opportunity to evaluate the progress of SDG financing and to appraise the degree of mobilization of private sector capital in support of the SDGs. Within this analytical context, market participants — issuers, investors, Development Financial Institutions (DFIs) and donors — will discuss the advances and challenges of financing sustainable development. The forum will seek to address the means to scale private sector capital investment, the need to institutionalise SDG financing instruments and structures and the critical contributions that public sector actors, such as donor agencies, can make to realize the “disruption” of the development aid paradigm. The discussion will also touch upon the importance of data capture and disclosure as it relates to the impact and outcomes of the SDG’s investments.  

Agenda

7:30–8:00am: Breakfast and Registration 8:00–8.05am: Welcome Remarks

  • Maggie Chen, Director, Institute for International Economic Policy, GWU
  • Julie Monaco, Managing Director, Global Head Public Sector Group, Corporate and Investment Bank, Citi

8:058:20am: Setting the Stage (Presentations of Relevant Research)

  • Ajay Chhibber, Visiting Scholar, Institute for International Economic Policy, GWU
  • Jason Channell, Head of Social & Responsible Investment Research, Citi

 8:209:30am: High-Level Panel Discussion and Audience Q&A Panelists

  • Denis Duverne, Chairman, Board of Directors, AXA
  • Mahmoud Mohieldin, Senior Vice President, 2030 Development Agenda, United Nations Relations, and Partnerships, World Bank
  • Donna Sims Wilson, President, Smith Graham & Co.
  • Sean Jones, Senior Deputy Assistant Administrator, Food Security, USAID
  • Tim Turner, Group Chief Risk Officer, African Development Bank

 

Organizing Committee: Peter Sullivan (Citi), Ajay Chhibber, Kyle Renner, Sunil Sharma (all George Washington University), and Andreas (Andy) Jobst (World Bank)

Pandemics, Places, and Populations: Evidence from the Black Death

February 2019

Remi Jedwab, Noel D. Johnson, and Mark Koyama

IIEP Working Paper 2019-3

Abstract: The Black Death killed 40% of Europe’s population between 1347-1352, making it one of the largest shocks in the history of mankind. Despite its historical importance, little is known about its spatial effects and the effects of pandemics more generally. Using a novel dataset that provides information on spatial variation in Plague mortality at the city level, as well as various identification strategies, we explore the short-run and long-run impacts of the Black Death on city growth. On average, cities recovered their pre-Plague populations within two centuries. In addition, aggregate convergence masked heterogeneity in urban recovery. We show that both of these facts are consistent with a Malthusian model in which population returns to high-mortality locations endowed with more rural and urban fixed factors of production. Land suitability and natural and historical trade networks played a vital role in urban recovery. Our study highlights the role played by pandemics in determining both the sizes and placements of populations.

JEL: R11; R12; O11; O47; J11; N00; N13

Keywords: Pandemics; Black Death; Mortality; Path Dependence; Cities; Urbanization; Malthusian Theory; Migration; Growth; Europe