As the U.S. continues to experience historically high inflation rates and increasing risks to its economy, it also faces a number of global geoeconomic challenges. These include the end of the era of globalization, rising financial instability and pressures to increase the production of certain strategically important goods for domestic use or export to friendly neighbors. Meanwhile, the U.S. and other countries are also contending with the economic implications of social, political and technological developments, such as population aging, greater competition from abroad, growing inequality, innovation and its impact on the labor market, and the global transition to cleaner energy sources.
On May 22 at Baker Hall, World Bank Group President David Malpass joined John Diamond, the Baker Institute's Edward A. and Hermena Hancock Kelly Fellow in Public Finance and director of the Center for Public Finance, to discuss the geoeconomic challenges — and opportunities — facing the United States and how to navigate them.
This event was free and open to the public.
This event was sponsored by the Baker Institute Center for Public Finance. Follow @BakerInstitute on Twitter and join the conversation with #BakerLive.
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Agenda
5:30 pm — Reception
6:00 pm — Discussion
Featured Speaker
David R. Malpass is the 13th president of the World Bank Group. He previously served as under secretary for international affairs at the Treasury Department, where he represented the U.S. at the G-7 and G-20 deputy finance ministerial meetings, the World Bank and International Monetary Fund spring and annual meetings, and meetings of the Financial Stability Board, OECD and Overseas Private Investment Corporation.
In 2018, Malpass advocated for a capital increase at the International Bank for Reconstruction and Development and the International Finance Corporation as part of a reform agenda featuring sustainable lending practices, more efficient use of capital and a focus on raising living standards in poor countries. He was also instrumental in advancing the Debt Transparency Initiative, which was adopted by the Bank Group and the IMF to increase public disclosure of debt and thereby reduce the frequency and severity of debt crises.
Before joining the U.S. Treasury, Malpass was an international economist and founder of a macroeconomics research firm based in New York City. He served as chief economist of Bear Stearns and conducted financial analyses of countries around the world. He also previously held the roles of deputy assistant secretary for developing nations at the Treasury Department and deputy assistant secretary of state for Latin American economic affairs at the State Department. In addition, he served as senior analyst for taxes and trade at the U.S. Senate Budget Committee and staff director of the Joint Economic Committee of the U.S. Congress.
Malpass earned his bachelor’s degree from Colorado College and his MBA from the University of Denver. He was a CPA and undertook advanced graduate work in international economics at the Edmund A. Walsh School of Foreign Service at Georgetown University.
