Economic, Financial and Monetary Shifts in the Global Economy
The participants of the Conference discussed the many conflicting factors and “new realitiescomplex behind current transformations of the global economy, including the macroeconomic effect of declining oil prices and its impact on global markets, “strong dollar” and its impact on exchange rates in the world, the new “norm” of qualitative growth of China, the identification of new growth drivers, as well as the “spillover effect” from a slowdown in the Russian economy on the countries of Central Asia.
The conference was divided into two main parts: Growth identification and Financial stability identification. Discussions started with a working luncheon on the subject: “Global Economy Review: Macroeconomic Effect of Falling Commodity Prices and its Importance for Growth” with the participation of Ye.A. Dossayev, the Minister of National Economy of the RoK and Nuriel Rubini, NYU professor of economics as well as David Shark, the Deputy Director General of the World Trade Organization.