The Spanish First Deputy Prime Minister, Nadia Calviño, and LSE President and Vice Chancellor, Minouche Shafik will discuss about the different challenges the world economy currently faces.
For many years we had grown accustomed to a world in which globalization had contributed to spread prosperity to far-flung places across the world, facilitating technological diffusion, generating employment, reducing inflation, and promoting economic growth. However, globalisation has also been at the root of increasing tensions both at a global scale and within countries. Phenomena like the diffusion of global value chains and the offshoring of economic activities have created winners and losers. Those at the losing and of the scale are now expressing a growing discontent and political tensions are rising as a result. Moreover, phenomena like the rapid development of artificial intelligence and the green and digital transitions will bring about new opportunities and challenges.
