PHOTOS
SEMINAR REPORT
Opening Remarks: David Lipton, First Deputy Managing Director, IMF
Moderator: Martin Wolf, Chief Economics Commentator, Financial Times
Speakers:
Alberto Alesina, Professor of Political Economy, Harvard University
Paschal Donohoe, Finance Minister, Ireland
Felipe Larrain, Finance Minister, Chile
Lídia Pereira, Member of the European Parliament
Luca Visentini, General Secretary of the European Trade Union Confederation
While there is broad agreement on the economic benefits of structural reforms, they often carry short-term costs while most of the economic gains from reforms only materialize over the longer term. On this background, the panel discussed the political economy of reform and the challenges with implementing structural reforms.
Key Points:
Quotes:
“There is no template how to carry out successful structural reforms.” David Lipton
“The key is identifying the binding constraints on growth and design a comprehensive reform agenda where reforms complement and reinforce one another” David Lipton
“Social dialogue is key for implementing any kind of reform”. Lídia Pereira
“In academia, you win the argument, in politics, you can win the argument and lose the vote.” Felipe Larrain
Contributor: Daniela Alcantara
OVERVIEW
IMF research shows that a major broad-based reform push in the area of governance, trade, finance product and labor market could raise output by as much as 7% over 6 years, providing a big boost to jobs and economic growth at a time when the global economy is slowing down. But is it possible to implement far-reaching reforms without paying a price at the ballot box?
Opening Remarks:
David Lipton, First Deputy Managing Director, IMF
Speakers:
Alberto Alesina, Professor of Political Economy, Harvard University
Paschal Donohoe, Finance Minister, Ireland
Felipe Larrain, Finance Minister, Chile
Lídia Pereira, Member of the European Parliament
Luca Visentini, General Secretary of the European Trade Union Confederation
Martin Wolf, Chief Economics Commentator, Financial Times
Join the conversation: #StructuralReforms #PoliciesForGrowth
Media Partners