Global Economy Lecture on Demand and supply in a new world order: The role of non-great powers

Speaker
Danny Quah
Dean and Li Ka Shing Professor in Economics, Lee Kuan Yew School of Public Policy, National University of Singapore

Introduction
Doris Ritzberger-Grünwald
Director of the Economic Analysis and Research Department, Oesterreichische Nationalbank

Chair
Robert Stehrer
Scientific Director, The Vienna Institute for International Economic Studies (wiiw)

Abstract
The American Century has been a hugely successful construct, giving rise to an international system of rules, globalization, economic growth, and thus long periods of peace and prosperity for the global economy. When observers note the disruption in this global order and ask what might replace the international system of the last century, many naturally try to gauge the outcome of the geostrategic rivalry between the world's great powers. Such analysis might be misleading for the final outcome, for it provides a perspective on only the supply side of the market for world order. The demand side – the international community of nations besides the superpowers – matters too. I show how lesser nations exercise agency and can help determine the new world order.

Speaker biography 
This year’s Global Economy Lecture will be given by Danny Quah, Dean and Li Ka Shing Professor in Economics at the Lee Kuan Yew School of Public Policy of the National University of Singapore.
Danny Quah is renowned for his extensive research in the fields of economic growth and development economics. In his work, he has been focusing on large-scale shifts in the global economy, the new world order, the rise of the east, and poverty traps. Professor Quah is currently writing a book on “Ordering the World: Truth to Power.”

The Global Economy Lecture is jointly organized by the Oesterreichische Nationalbank and The Vienna Institute for International Economic Studies (wiiw).

Montag, 11. November 2019 um 16.00 Uhr

Oesterreichische Nationalbank
Kassensaal
Otto-Wagner-Platz 3
1090 Wien

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