SPERI doctoral researcher Patrick Kaczmarczyk will host a webinar with Heiner Flassbeck – a former Secretary of State in the German Ministry of Finance and UN chief economist – to which the public is invited to attend. The event takes place on Wednesday 24 October at 5 pm and is part of the Young Scholars Initiative’s series on New Developments in Trade.
In light of the emergence of “a global trade war”, which many associate with the trade policies of the Trump Administration, Professor Flassbeck will present his research on the problems of large current account imbalances – and illustrate why most of the comments in the mainstream media are missing the point. He will open up new perspectives of thinking about global imbalances by bringing in implications arising from a dysfunctional monetary system and outline his views on what is needed to make international trade work for all participating countries. Following his 30-45 mins presentation, participants will get the chance to ask questions on this highly contentious and timely topic.
Professor Heiner Flassbeck is editor of Makroskop, an internet magazine that provides macroeconomic analysis. He advises governments, political parties and other institutions in macroeconomic affairs. Prior to that he has served from 2003 to 2012 as Director of the Division on Globalization and Development Strategies of the United Nations Conference on Trade and Development (UNCTAD). He was the principal author and the leader of the team preparing UNCTAD’s Trade and Development Report.
Professor Flassbeck was UNCTADs delegate to the G20 Finance Minister meetings. He is the author of numerous books and articles on macroeconomic issues, in particular on the current financial crisis and the crisis in Europe. He teaches macroeconomics at the University of Hamburg.
Prior to joining UNCTAD, Heiner Flassbeck worked as a staff member of the German Council of Economic Experts, Wiesbaden between 1976 and 1980, followed by the Federal Ministry of Economics until January 1986. He was chief economist in the German Institute for Economic Research between 1988 and 1998, and State Secretary (Vice Minister) from October 1998 to April 1999 at the Federal Ministry of Finance responsible for international affairs, the European Union and IMF.