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AGD 2022: Recovery and Reformation: Asia in a Changing Global Economy

AsiaGlobal Dialogue 2022 was held in mixed mode with the in-person morning sessions at Loke Yew Hall, The University of Hong Kong, with live streaming, and the online sessions in the evening to reach the wider global audiences on November 18. Themed Recovery and Reformation: Asia in a Changing Global Economy, AGD 2022 discussed the direction of the global economy, pathways to green growth, Asia in a changing economy, shaping a new globalization and more.

  • Welcome Remarks

  • Opening Remarks

  • Taking Stock: Assessing the Direction of the Global Economy

  • Asia in a Changing Economy – Pathways to Green Growth

  • Asia in a Changing Economy – The Future of Finance and the Challenge of Inequality

  • Deglobalization Debunked: Decoupling or Recoupling – Shaping a New Globalization

  • Closing Remarks

  • Welcome Remarks

    Victor K Fung
    Fung
    Victor K Fung
    Chairman, Asia Global Institute

    Xiang Zhang
    Zhang
    Xiang Zhang
    President and Vice-Chancellor, The University of Hong Kong
  • Opening Remarks

    John Lee
    Lee
    John Lee
    Chief Executive, Hong Kong Special Administrative Region
     
  • Taking Stock: Assessing the Direction of the Global Economy

    Michael Spence
    Spence
    Michael Spence
    Nobel Laureate Chairman, Advisory Board, Asia Global Institute

    Fred Hu
    Hu
    Fred Hu
    Founder and Chairman, Primavera Capital Group

    Julia Leung
    Leung
    Julia Leung
    Deputy Chief Executive Officer and Executive Director, Intermediaries, Securities and Futures Commission

    Terry Lundgren
    Lundgren
    Terry Lundgren
    Founder, Chief Executive Officer, TJL Advisors, LLC
    Heiwai Tang
    Tang
    Heiwai Tang
    Director, Asia Global Institute

    The global economy is under severe stress and the level of uncertainty is high and rising – the continued impact of the pandemic, the fallout from the Ukraine war particularly on food and energy markets, the major power rivalry that is prompting realignment of supply chains and trade patterns, the new normal of high inflation, the prospect of recession, and the mounting disruptions from climate change. What is the outlook for the global economy – and how are businesses and investors coping in this complex and risk-filled environment? This panel will examine both the macro picture and the situation on the ground, focusing on the opportunities and challenges for economies in different regions in a geopolitically complicated world.

  • Asia in a Changing Economy – Pathways to Green Growth

    Sally Chen
    Chen
    Sally Chen
    Regional Adviser for Asia, Bank for International Settlements

    Jonathan Drew
    Drew
    Jonathan Drew
    Managing Director, Head of Global Banking Sustainability, Asia-Pacific, HSBC

    Barbara Meynert
    Meynert
    Barbara Meynert
    Advisory Board Member, Asia Global Institute
    Andrew Sheng
    Sheng
    Andrew Sheng
    Distinguished Fellow, Asia Global Institute

    Where are the new sources of growth and productivity in this challenging global economic environment? How are the region’s economies progressing towards the 2030 Sustainable Development Goals and meeting their net-zero commitments? This panel will look at key factors that will contribute to green growth in the region including the development of new business models, new financial products and services, as well as digitalization.

  • Asia in a Changing Economy – The Future of Finance and the Challenge of Inequality

    Laura Cha
    Cha
    Laura Cha
    Chairman, Hong Kong Exchanges and Clearing Ltd

    Jun Ma
    Ma
    Jun Ma
    Chairman and President, Hong Kong Green Finance Association

    Samuel Palmisano
    Palmisano
    Samuel Palmisano
    Chairman, The Center for Global Enterprise

    Eddie Yue
    Yue
    Eddie Yue
    Chief Executive, Hong Kong Monetary Authority
    Victor K Fung
    Fung
    Victor K Fung
    Chairman, Asia Global Institute

    As Hong Kong and other international financial centers emerge from the pandemic and cope with the strains of a volatile global economy and the threats of global warming and growing inequality, how is the financial sector responding to the post-crises challenges and the need to address the socioeconomic tests presented by climate change and the widening income gaps within and between countries and regions? What role can financial services play in this difficult period of recovery and reformation?

  • Deglobalization Debunked: Decoupling or Recoupling – Shaping a New Globalization

    Fred Bergsten
    Bergsten
    Fred Bergsten
    Nonresident Senior Fellow and Director Emeritus, The Peterson Institute for International Economics

    James Fok
    Fok
    James Fok
    Author, Financial Cold War, and Financial Advisor

    Andrés Velasco
    Velasco
    Andrés Velasco
    Dean of the School of Public Policy, London School of Economics and Political Science

    Jennifer Zhu Scott
    Zhu Scott
    Jennifer Zhu Scott
    Executive Chairman, The Commons Project Foundation
    Alejandro Reyes
    Reyes
    Alejandro Reyes
    Director of Knowledge Dissemination and Adjunct Professor, Asia Global Institute

    The world’s fraught geopolitics, heightened by the pandemic and the Ukraine war, and repeated financial crises have disrupted the global economy, affecting supply chains, trade relationships and business strategies and prompting moves towards protectionism and nationalism. In this decoupling or recoupling environment, a deglobalization narrative has gained currency. But ongoing efforts in the region to build new frameworks for trade and investment, infrastructure development and even data governance suggest that the quality and pace of globalization are changing. But how? What will be the impact (implications?) of these shifts? What kind of globalization is emerging?

  • Closing Remarks

    Victor K Fung
    Fung
    Victor K Fung
    Chairman, Asia Global Institute

    Michael Spence
    Spence
    Michael Spence
    Nobel Laureate Chairman, Advisory Board, Asia Global Institute

    Heiwai Tang
    Tang
    Heiwai Tang
    Director, Asia Global Institute

    Closing Remarks

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AGD 2022: Welcome Remarks
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AGD 2022: Welcome Remarks
AGD2022: Opening Remarks
AGD2022: Taking Stock: Assessing the Direction of the Global Economy
AGD2022: Asia in a Changing Economy – Pathways to Green Growth
AGD 2022 - Asia in a Changing Economy – The Future of Finance and the Challenge of Inequality
AGD 2022: Deglobalization Debunked: Decoupling or Recoupling – Shaping a New Globalization
AGD 2022: Closing Remarks
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