Channel: World Bank

Category: Nonprofits & Activism

Tags: imfimportoecdproductionworld bankeconomic growthinternational cooperationcommercetrading systemshippingglobal chainstechnical assistancefinancingprosperitymalpasspovertydevelopment challengesspring meetingsexportclimate changeenergysustainable solutionsinvestmentconsumptionkristalina georgievamarket-distortinginternational developmentsustainable developmentrules-based trading systemtradewtodeveloping countriessubsidiespolicy advice

Description: Trade can be an effective catalyst for growth and development. However, the growing use of market-distorting subsidies undermines the multi-lateral, rules-based trading system that has promoted trade liberalization and global growth in the past. This event will explore the issue of subsidies—from when they may be appropriate for addressing challenges to the unintended consequences—as well as how international cooperation can help create a fairer trading system for countries at all income levels. More information: wrld.bg/pPyC50IFstr 🗣️ Speakers: - David R. Malpass, President of the World Bank Group - Kristalina Georgieva, Managing Director, International Monetary Fund, @IMF - Ngozi Okonjo-Iweala, Director General, @World Trade Organization - Mathias Cormann, Secretary-General, Organisation for Economic Co-operation and Development, @OECD 📑 Agenda 00:00 Welcome! WBG Spring Meetings 2022 | Preserving Open Trade 02:37 Main findings of the report Subsidies, Trade, and International Cooperation 07:58 The end of an era of globalization? Challenges of today's world 12:06 Where we are landing now: Globalization, development, and trade 14:13 National self-interest vs. globalization 17:18 Visions from the World Trade Organization 19:45 Enlightened self-interest 21:24 Measurement of agricultural subsidies 22:52 Greater industrial policy and subsidies in areas like semiconductors 26:01 Subsidy and economic policy in a crisis mode 29:39 Tackling subsidies: Politically expedient vs sensible things 33:51 Market distortions between the rich and poor wold 37:51 Lessons learnt from the vaccine experience 39:27 Access to information 40:39 Persistence of current shocks in the next years 41:44 What comes next? 43:16 The next shock on the horizon 45:26 Closure of the conversation 💬 Closed captions and video interpretations in: - ARABIC youtu.be/HAMtSaE9zF8 - FRENCH youtu.be/mXf4fZ1fJvw - SPANISH youtu.be/BlnDJRZAgX8 ℹ️ ABOUT WBG SPRING MEETINGS 2022: Preparing for future crises and strengthening international cooperation are essential to deliver a resilient recovery and a better future for those most in need. At these Spring Meetings - taking place in the shadow of war in Ukraine – the World Bank Group will convene leaders, experts and activists to discuss the impact of these global shocks on the most vulnerable communities. Learn more: wrld.bg/t1NM50IqzNC ABOUT THE WORLD BANK GROUP The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. worldbank.org