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.
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
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.
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.
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?
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?