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Rewatch the launch event
Today marked the launch of the new GeoEconomics Center at the Atlantic Council. We were joined by Christine Lagarde, President of the European Central Bank, and Fredrick Kempe, President and CEO of the Atlantic Council. As keynote speaker, Lagarde spoke about the various crises she has come across and how she tackled them in her years of leadership. The conversation featured opening remarks by John F.W. Rogers, Chairman of the Atlantic Council Board of Directors and Gina Wood, Vice President of the Atlantic Council.
Lagarde opened by congratulating the GeoEconomics Center on the launch and noted the timeliness of the launch, stressing that the challenges facing the world today have to be dealt with globally. She particularly stressed the importance of the “revival of the ‘Atlantic spirit’” this crucial time. Through her years of experience in navigating economic crises, Lagarde has learned that it is crucial to act quickly and boldly while maintaining good communication. To stabilize the European economy, the ECB has emphasized constant response coordination between the major central banks among its many emergency response programs during the COVID-19 crisis.
In regards to the future of digital currencies, Lagarde stated that the central banks should not act too fast simply to be the first. While the ECB values rapid action, it also values caution to avoid hasty actions.
On climate change, Lagarde highlighted the responsibility the ECB has taken on to supervise banks to ensure any externalities of this threat are accounted for. This “existential threat” must be tackled head-on from a variety of angles.
Lagarde spoke on women in leadership as well. She pointed out that women in leadership braved the pandemic in an “authentic, rational, honest way” even though they were the ones who were hardest hit. This continues to be “one of the greatest paradoxes of the moment.”
Lagarde noted ingenuity during times of a crisis, be it in the leadership or in its management. The GeoEconomics Center is grateful to President Lagarde for her participation in our event and the valuable insights she shared with us today.
Please join the Atlantic Council on Tuesday, December 1, from 12:00 p.m. to 1:00 p.m. EST for a conversation with Christine Lagarde, President of the European Central Bank, to mark the launch the new GeoEconomics Center.
President Lagarde will offer her insights on leadership through crisis, the path to recovery for both the US and Europe, and how transatlantic cooperation will be key to revitalizing the global economy.
The conversation will be moderated by Fredrick Kempe, President and CEO of the Atlantic Council and feature opening remarks by John F.W. Rogers, Chairman of the Board of the Atlantic Council Board of Directors, and Gina Wood, Vice President, Foundational and Institutional Giving, Atlantic Council.
The new GeoEconomics Center will be a crucial part of the Atlantic Council’s ability to tackle global challenges. Through its work, the new Center aims to bridge the divide between finance, foreign policy, and economics, with the goal of helping shape a better global economic future. The Center is organized around three pillars: The Future of Capitalism; The Future of Money; and The Economic Statecraft Initiative.
Opening remarks by
European Central Bank
Closing remarks by
This ambitious work and the important mission of the GeoEconomics Center are of historic significance. As we navigate one of the worst pandemics in a century and the worst economic downturn since the Great Depression, the United States must lead and collaborate with friends and allies to shape the future—or instead risk becoming a bystander in a fragmenting global economy with growing dangers to democratic capitalism.
With its in-depth analysis, research, and dynamic data visualization tools, this new Atlantic Council venture will address the fundamental fractures in our global economy—including international skepticism about free and open markets, the rise of digital currencies, and the role of economic diplomacy in foreign policy—and help us map a way forward.
Our experts review the individual China measures pursued by the US and its Allies and partners within their global political and economic context. Because taxation and accounting have never been so important. And because the whole is more than a sum of its parts, for the military and the markets alike.
A brief summary of our most notable work so far
Through our work, the new Center aims to bridge the divide between finance, foreign policy, and economics, with the goal of helping shape a better global economic future. This is a snapshot of some important work related to our three pillars.
EconoGraphics Oct 16, 2020
The world in debt
On Tuesday, the IMF released a new World Economic Outlook report for October 2020. In the report, alongside adjusted growth expectations, were updated measures of government debt. From that data, the GeoEconomics Center has created a visualization to track the debt burden felt across the globe. Our new tracker focuses on general government gross debt […]
In-Depth Research & Reports Oct 15, 2020
Revitalizing the WTO
By Clete R. Willems
WTO reform is especially important now since it would provide an efficient way to tackle China’s unfair trade practices head-on. This paper proposes concurrent measures that the United States and European Union can take to revitalize the WTO.
Future of Capitalism Jun 12, 2020
How COVID-19 is worsening America’s racial economic divide
By Nicole Goldin
While the White House cheered the surprising jobs numbers on June 5, many Americans—especially people of color, women, lower-skilled workers, young people, or rural residents—remain out of work and left behind by this nascent recovery.
A visualization series
Econographics is the Atlantic Council’s timely take on important issues pertaining to the global economy. Our EconoGraphics visualize complex economic and political ideas in a compelling and intuitive fashion.
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At the intersection of economics, finance, and foreign policy, the GeoEconomics Center is a translation hub with the goal of helping shape a better global economic future.