The Covid-19 crisis has caused an unprecedented contraction of the global economy and the effect of the lockdowns imposed as a result of the second wave of infections is now putting the recovery at risk. At the recent Spending Review, Chancellor Rishi Sunak declared that ‘our economic emergency has only just begun’.
In his forthcoming Politeia paper, 'Preparing for Economic Recovery: More Market, Better Government', Ludger Schuknecht addresses the fundamental question facing governments across the globe: if economies are to bounce back from this unprecedented shock, should governments embark on interventionist policies with further public spending, industrial policy and protectionism? Or should they resist the temptation to increase the size and role of the state with ever more regulation, spending and debt to focus on market-friendly reforms?
Dr Schuknecht, a former Deputy Secretary-General at the OECD and Chief Economist of the German Federal Ministry of Finance, will explain that the surest way to recovery is through market-friendly policies, smaller and better government, and open trade.
Dr Ludger Schuknecht - Former OECD Deputy Secretary General (2018-20) and author of 'Preparing for Economic Recovery: More Market, Better Government' (December 2020)
With a panel discussion featuring:
Professor Tim Congdon - Founder and Chairman of The Institute of International Monetary Research at the University of Buckingham
Professor Harold James - Claude and Lore Kelly Professor in European Studies and Professor of History and International Affairs at Princeton University and author of Making a Modern Central Bank: The Bank of England 1979-2003 (September 2020)
Sir John Redwood MP - Chairman of the Conservative Economic Affairs Committee and former Secretary of State for Wales (1993-95)
Stephen Hammond MP - Former Minister of State at the Department of Health and Social Care (2018-19)
To be chaired by Dr Sheila Lawlor, Politeia's Founder and Research