Session Speakers:
Dr. Mahmoud Mohieldin
Executive Director at the IMF
Francois Bourguignon
Emeritus Chair of the Paris School of Economics
John Defterios
Professor of Business, NYU Abu Dhabi
Nathan Sheets
Global Chief Economist at Citi
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Key Takeaways
- Urgent action on climate change is imperative to bridge investment gaps and tackle environmental challenges effectively.
- Shifting geopolitical dynamics challenge global economic resilience, highlighting the need for adaptable strategies.
- Artificial Intelligence offers emerging markets opportunities for rapid development, contingent upon supportive regulatory frameworks.
- Amidst rising debt and political uncertainties, fiscal discipline and international cooperation remain paramount for economic stability.
- Navigating geopolitical complexities and embracing innovative technologies are critical for sustained global growth.
Bringing together global leaders and experts to dissect the current economic landscape and chart a course for future growth, Investopia brings discussions that revolve around the resilience of the global economy, concerns about middle-income economies, and the imperative for sustainable development amidst geopolitical tensions.
In the panel discussion titled “New Economic Frontiers Unveiled: Navigating the Unknown”, John Defterios, Professor of Business, NYU Abu Dhabi, emphasized the UAE’s strategic positioning in the global economy and its visionary approach toward future growth. With a focus on data economy and initiatives like the Comprehensive Economic Partnership Agreement (CEPA) agreements, the UAE is poised for a transformative journey in the next 50 years.
Dr. Mahmoud Mohieldin, Executive Director, IMF, echoed concerns about the “missing middle,” noting the need to prioritize the middle class and medium-sized enterprises in economic policy agendas. Despite global growth projections, attention must be directed towards inclusive development and addressing the challenges faced by middle-income countries.
Francois Bourguignon, Emeritus Chair, Paris School of Economics, provided a perspective on the long-term trajectory of global growth, highlighting the implications of climate change and the shifting dynamics of globalization. This was also part of COP28 discussions that underscored the urgency of addressing climate-related challenges and the imperative for international cooperation.
Nathan Sheets, Global Chief Economist, Citi, emphasized the need for fiscal discipline and strategic policy decisions amidst rising debt levels and geopolitical uncertainties.
At the heart of the discussion was the significant impact of AI in overcoming development obstacles, especially in young populations in emerging markets. The discussion further underscored the interconnectedness of political events and economic outcomes, highlighting the importance of informed decision-making in navigating uncertain times.
As stakeholders continue to deliberate and strategize, the dialogue emphasized the importance of collaborative efforts and strategic policymaking in steering economies toward a sustainable and inclusive growth path.
