Globalization Under Fire: The New Politics of Interdependence
An essential executive education course for any individual seeking to comprehend the drastic changes in the global economic landscape shaped by global power play, the program marks the turning point of globalization, addressing the significant shift as governments, driven by security and competitiveness concerns, reassess and unwind decades of economic integration.
The program begins by unearthing the factors precipitating this change, prominently featuring the escalating strategic competition between the United States and China and the intricate dynamics of economic decoupling. Participants will be introduced to the concepts of weaponized interdependence and the re-emergence of industrial policy. The program empowers its participants with not only an understanding of the ongoing transformation but also with strategic tools to navigate this new world of transformed global interdependence.LEARNING OUTCOMES
- Understand the key concepts of economic decoupling and weaponized interdependence and their implications for global economic relations.
- Analyze the evolving role of government in shaping economic development and competitiveness, with a particular focus on the resurgence of industrial policy.
- Assess the impact of supply chain interventions on globalization, trade, and inflation, recognizing the shift towards resilience over efficiency in the name of national security.
- Develop strategies for navigating and managing government intervention in the global economy amidst the current trend of deglobalization.
PROGRAM SCHEDULE
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Overview of the U.S.-China economic relationship and the rise of strategic competition
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The concept of decoupling/derisking and the factors driving it
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Effects of U.S.-China competition and decoupling on global supply chains, trade, and technology
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Weaponized interdependence
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The concept of industrial policy and its evolution over time (East Asian cases)
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The role of government in shaping economic development and competitiveness
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Key objectives and instruments of industrial policy
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Global trends and the resurgence of industrial policy
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CHIPS and IRA: the new American focus on domestic production.
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Europe’s response to the US and the transatlantic relationship.
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The role of international organizations (e.g. WTO, World Bank, IMF) in shaping industrial policy.
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Understanding the political drivers of decoupling.
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The impact of supply chain interventions on globalization, trade, and inflation.
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Supply chain fragmentation: resilience over efficiency in the name of national security.
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Government intervention as an opportunity: strategies for managing government intervention in the global economy
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Presentations and white-boarding
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Program completion reception and certificate ceremony
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Networking opportunities and Washington, D.C. tours