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This graphic features the title of the event "The Impact of US Policy on the Global Economy" and the photos of the moderator and speakers.
The Impact of US Policy on the Global Economy
The Center for Economic and Policy Research, Boston University Global Development Policy Center, Bretton Woods Project, Initiative for Policy Dialogue, the Institute for Policy Studies' Global Economy Program, Arab Watch Coalition, and MADRE invite you to an important panel discussion on Capitol Hill.

This is a hybrid event, so you have the option to attend online or in-person.

If you’re joining in person, come to:
Rayburn House Office Building, Room 2043
45 Independence Ave, SW Washington, DC 20515

This panel will examine various policies implemented by the United States that are significantly impacting the world economy, which is facing a serious economic downturn. The World Bank this week projected that global economic growth will fall to 1.7% this year, the worst in about three decades, other than the downturns of 2009 and the 2020 pandemic recession. The World Bank noted that “urgent action is needed to attenuate the risk of global recession stemming, in part, from the fastest and most synchronized monetary tightening in decades.”

This panel will explore the severe economic pressures on developing countries resulting from US policies, including interest rate hikes, sanctions, and support for harmful IMF policies like surcharges. The panel will also discuss policy alternatives, including the issuance of Special Drawing Rights (SDRs) and debt relief measures for highly indebted nations, and explain how pursuing these alternatives costs the US very little and can yield significant economic and national security benefits for our nation.

01:09:00

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Speakers

Mark Weisbrot
Co-Director @Center for Economic and Policy Research
He is the Co-Director of the Center for Economic and Policy Research in Washington, DC. He received his Ph.D. in economics from the University of Michigan. He is author of the book Failed: What the “Experts” Got Wrong About the Global Economy (Oxford University Press, 2015), co-author, with Dean Baker, of Social Security: The Phony Crisis (University of Chicago Press, 2000), and has written numerous research papers on economic policy.
Jayati Ghosh
Professor, Department of Economics @University of Massachusetts at Amherst
She taught economics at Jawaharlal Nehru University, New Delhi for nearly 35 years, and since January 2021 she has been Professor of Economics at the University of Massachusetts Amherst. In March 2022, she was appointed to the UN Secretary General’s High-Level Advisory Board on Effective Multilateralism, mandated to provide a vision for international cooperation to deal with current and future challenges. In 2021 she was appointed to the WHO Council on the Economics of Health for All, chaired by Mariana Mazzucato. She has authored and/or edited 20 books and more than 200 scholarly articles.
Jomo Kwame Sundaram
Emeritus Professor @University of Malaya
He is an Emeritus Professor at the University of Malaya. He was Founder Chair of International Development Economics Associates (IDEAS), Assistant Director General for Economic and Social Development, Food and Agriculture Organization of the United Nations. He was UN Assistant Secretary General for Economic Development in the Department of Economic and Social Affairs (DESA) and (Honorary) Research Coordinator for the G24 Intergovernmental Group on International Monetary Affairs and Development from 2005. In 2007, he was awarded the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought.
Lara Merling
Senior Policy Advisor for the Global Economic Governance Initiative @Boston University Global Development Policy Center
Victoria Guida
Moderator and Economic Reporter @Politico

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