CEPII, Recherche et Expertise sur l'economie mondiale
Jeudi 29 juin 2017
10.30 - 12.00
Michael Bordo on "The Second Era of Globalization is Not Yet Over: A Historical Perspective"

The recent rise of populist anti-globalization political movements and the election of Donald Trump as President of the United States in November 2016 preceded by Brexit in June 2016 triggered concerns about the current wave of globalization.  It goes back to the 1970s and may end in turmoil just like the first era of globalization which went from 1870 to 1914. Building upon lessons from history and detailed analysis of recent trends, Michael Bordo will argue that the second era of globalization is not about to end. It is going through a reset following the Global Financial Crisis and the Great Recession and the inevitable political reaction to these events.

Michael D. Bordo is a Board of Governors Professor of Economics and director of the Center for Monetary and Financial History at Rutgers University, New Brunswick, New Jersey. He has held previous academic positions at the University of South Carolina and Carleton University in Ottawa, Canada. Bordo has been a visiting professor at the University of California, Los Angeles, Carnegie Mellon University, Princeton University, Harvard University, and Cambridge University, where he was Pitt Professor of American History and Institutions. He is currently a Distinguished Visiting Fellow at the Hoover Institution, Stanford University. He has been a visiting scholar at the International Monetary Fund, the Federal Reserve Banks of St. Louis, Cleveland, and Dallas, the Federal Reserve Board of Governors, the Bank of Canada, the Bank of England, and the Bank for International Settlement. He is a research associate of the National Bureau of Economic Research, Cambridge, Massachusetts. He is also a member of the Shadow Open Market Committee. He has a BA degree from McGill University, an MSc in economics from the London School of Economics, and PhD from the University of Chicago in 1972. He has published many articles in leading journals and fifteen books on monetary economics and monetary history.  His latest book is (with Owen Humpage  and Anna Schwartz) is Strained Relations:US Foreign Exchange Operations and Monetary Policy in the Twentieth Century, University of Chicago Press 2015.He is editor of a series of books for Cambridge University Press: Studies in Macroeconomic History.