10 Years after the Crisis: Is the World Safer for Stability and Development?
On September 14, 2017, the GDP Center hosted its first public panel at the Frederick S. Pardee School of Global Studies. Scholars Barbara Fritz of Freie University in Berlin, Ilene Grabel of the Josef Korbel School at the University of Denver, and Eric Helleiner of the Balsillie School at the University of Waterloo discussed the state of the global economy in the wake of the 2007-2008 financial crisis. Specifically, scholars were asked to reflect on the extent to which they think the world is safer for stability and development 10 years out from the financial crisis.
Barbara Fritz, an expert on Latin America, noted that the region usually “suffers from sudden financial outflows and sudden stops,” yet continues to see inflows. Ilene Grabel noted that “10 years out from the crisis is, in many respects, different, and some differences matter really deeply in the perspective of financial resilience.”According to Grabel, the world is “marked by substantial shifts in regional, political, economic, and geopolitical realignments.” Finally, Eric Helleiner said that many improvements in financial regulation and geopolitical engagement could be made.