How Much Can Trade with Pacific Rim Countries Help the U.S. Economic Recovery?
Tuesday, February 9, 2010
5:30 pm – 7:30 pm
Speaker: Dr. Michael Ivanovitch
Event Chair: Andy Shin, CFA
|In the first nine months of this year, net exports have contributed 1 percentage point to our economic growth. Without that modest support our economy received from trading with the rest of the world, our recession would have been deeper and more painful. That support is likely to strengthen in the months ahead as a result of a vigorous monetary and fiscal stimulation implemented by our major Asian and European trading partners. Pacific Rim countries, the fastest growing segment of the world economy, which account for more than half of our trade deficit, should contribute more to our economic recovery. That, however, will depend on how much the growing trade disputes and contentious security issues will give way to a more constructive relationship with some major economies in that region. At any rate, America’s ongoing trade adjustment is expected to enhance the effectiveness of its own measures to restore demand, output and employment. Drawing on his company’s research on world economy, geopolitics and investment strategy, Dr. Ivanovitch will focus on the U.S. transition to a steady and sustainable economic growth, and the implications that process will have for asset markets and asset classes here and abroad.|
Dr. Michael Ivanovitch is president of MSI GLOBAL, INC., a company he founded to conduct research on world economy, geopolitics and investment strategy.
Prior to establishing this analytic and advisory service, Dr. Ivanovitch worked as a senior economist in charge of the financial market analysis at the Organization for Economic Cooperation and Development (OECD) in Paris. He also served as co-editor of the OECD’s quarterly Financial Market Trends.
Before joining the OECD, Dr. Ivanovitch was an international economist at the Federal Reserve Bank of New York.
Dr. Ivanovitch has been on the faculty of the Columbia Business School for ten years, teaching economics, international business strategy and a seminar on world economy. He also held teaching appointments at INSEAD and HEC — the two top-rated business schools in Europe. He has published numerous articles on international economics and finance, and is a frequent speaker to bankers, corporate executives, institutional investors and money managers.
Dr. Ivanovitch holds a Ph.D. (economics), M.Phil. and M.B.A. from Columbia, a European law degree and is featured in Who’s Who in the World.
CFALA Members: $15.00 ($20.00 at the door)
Non-members: $25.00 ($30.00 at the door)
Time: 5:30 pm – 6:00 pm, Networking
6:00 pm, Dinner
6:30 pm - 7:30 pm, Presentation (45 to 50 min. presentation followed by Q&A)
Location: Empress Pavilion
988 N. Hill Street
Los Angeles, CA 90012
Located in the Chinatown Bamboo Plaza