|Sujata Visaria,Simeon Djankov, Simon Cox|
|19 Oct 2018 (Friday)|
|12:30 - 2:00 pm|
1501- 02, 15/F, Hong Kong Club Building, 3A Chater Road, Central
Please note that the reception counter will be open at 12:00pm, while the event will formally start at around 12:30pm and conclude at 2pm.
Work is constantly reshaped by technological progress. New ways of production are adopted, markets expand, and societies evolve. But some changes provoke more attention than others, in part due to the vast uncertainty involved in making predictions about the future.
HKUST IEMS is hosting the World Bank Group's launch of the 2019 World Development Report (WDR 2019) .
The World Development Report is produced on an annual basis and is the Bank's major analytical publication. Each year it focuses on a particular aspect of development selected by the Bank's president. This year the report studies how the nature of work is changing as a result of advances in technology today.
While technology improves overall living standards, the process can be disruptive. A new social contract is needed to smooth the transition and guard against rising inequality. As a first priority, significant investments in human capital throughout a person’s lifecycle are vital to this effort. The changing nature of work also demands updates to social protection systems. Traditional provisions of social protection based on steady wage employment, clear definitions of employers and employees, as well as a fixed point of retirement become increasingly obsolete. Governments will need additional revenues to fund the investments demanded by the changing nature of work.
The 2019 World Development Report presents an analysis of these issues based upon the available evidence. And, for the first time, the World Bank is preparing that analysis in a transparent manner. The Report’s authors share the draft on a weekly basis so that one can follow along as they write and rewrite, responding to new information and ideas as they reach the team. This is a unique collaborative experiment by the World Bank.
Simeon Djankov, director of the WDR 2019, was deputy prime minister and minister of finance of Bulgaria from 2009 to 2013. Prior to his cabinet appointment, Djankov was chief economist of the finance and private sector vice presidency of the World Bank. In his 15 years at the Bank, he worked on regional trade agreements in North Africa, enterprise restructuring and privatization in transition economies, corporate governance in East Asia, and regulatory reforms around the world. He is the founder of the World Bank's Doing Business project. He is author of Inside the Euro Crisis: An Eyewitness Account (2014) and principal author of the World Development Report 2002. He is also coeditor of The Great Rebirth: Lessons from the Victory of Capitalism over Communism (2014) and Europe’s Growth Challenge (2017). Djankov was previously director of the Financial Markets Group at the London School of Economics, rector of the New Economic School in Russia and a visiting lecturer at Harvard University's Kennedy School of Government. He was chairman of the Board of the European Bank for Reconstruction and Development in 2012–13. He obtained his doctorate in economics in 1997 from the University of Michigan at Ann Arbor.
Simon Cox is the Emerging Markets Editor at The Economist, based in Hong Kong. He has spent over ten years with the newspaper, including stints in London and Delhi. In 2014, he left journalism to become Managing Director and Asia-Pacific Investment Strategist for BNY Mellon, before returning to the paper in 2016. During his career at The Economist, Mr Cox has written a variety of special reports and white papers. He has explored the world’s arduous recovery from the global financial crisis (“The Long Climb”, 2009), China’s surprisingly resilient economy (“Pedalling Prosperity”, 2012), the technological ambitions of India and China (“High-tech Hopefuls”, 2007) and Korea’s social and geopolitical divisions (“Parallel Worlds”, 2013). In 2008, he edited “The Growth Report”, published by the Commission on Growth and Development, chaired by Nobel laureate Michael Spence. He was a contributor to the Oxford Companion to the Economics of China (OUP, 2014) and the originator of the “Li Keqiang index”, an unofficial proxy for China’s growth. He has contributed pieces to the FT’s Alphaville blog and Foreign Policy magazine on the economies of China, Japan and India. He has also been a frequent guest on television and radio, including CNBC, Bloomberg, the BBC and CNN. He studied at Cambridge, Harvard and the London School of Economics.
Sujata Visaria is Acting Director at HKUST IEMS and Associate Professor in the Department of Economics. She has a Ph.D. from Columbia University, and worked at Boston University for four years before moving to HKUST. Her research has studied how the enforcement of credit contracts affects micro-level outcomes in developing countries, the problems that small farmers face in marketing agricultural produce, and explores alternative ways of microcredit beneficiary selection that targets productive borrowers. She is an affiliate of the Bureau for the Research and Economic Analysis of Development (BREAD) and the Small and Medium Enterprise Initiative of Innovations for Poverty Action. She serves on the board of directors of the Asian Migrants Credit Union, the first and only savings and credit cooperative serving migrant workers in Hong Kong.
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