Fearonomics: confront and overcome your fears about the global economy

Listen to the live launch of the EBRD Transition Report launch.

The global shift to net zero will require major structural changes in economies, as well as extensive change in daily lives. The scale of the transition is unprecedented: from the rush to source critical raw materials to the reconfiguration of global supply chains; from the rise of green skills in the workforce to the development of environmentally sustainable housing markets.

The EBRD Transition Report 2023-24: Transitions big and small, published today, offers revealing insights into the way macro-level trends leading to carbon neutrality impact the types of job sought, household management and, ultimately, the perceived level of happiness in the regions where the Bank operates.

EBRD Chief Economist Beata Javorcik said: “The change and upheaval that stems from these trends will affect people’s lives for the foreseeable future. Policymakers will need to establish a deep understanding of those effects in order to plan future stages of the green transition, as individual attitudes will both shape and be shaped by that transition process. […]

“The success of the green transition will depend on winning their hearts and minds as we continue our journey towards a cleaner future. If there is one thing we have learned from 30 years of transition in the EBRD regions, it is that reforms will not last unless they have broad-based support.”

The discussion features

Charlotta Källbäck, Head of Internal Audit, Volvo Cars

Sandra Bates, specialist on mining and clean energy with Executive and non-Executive Director experience

Mark Keese, Head of the Skills and Employment Division, OECD

Professor Beata Javorcik, Chief Economist, EBRD

Moderated by Jonathan Charles

Policymakers and investors need to be aware of the short and long-term challenges Ukraine faces during the war and those that the country will have to deal with in the post-war period.

This panel takes a broad look at the historical experience of war and peace and examines the impact that armed conflicts have had on economic performance and political, social and population trends, both during the wars and after they end.

This retrospective provides some indication of the sheer scale of the challenges that Ukraine has been subject to and will face during the reconstruction stage. On that basis, the panel draws conclusions that can inform policymakers’ and investors’ short- and long-term responses to those challenges. 

Moderator

Jonathan Charles, Strategic Communications Consultant and Broadcaster

Speakers

Beata Javorcik, Chief Economist, EBRD

Fiona Hill, Senior Fellow - Foreign Policy, The Brookings Institution

Harold James, Professor of History, Princeton University

Thomas Kleine-Brockhoff, Guido Goldman Distinguished Scholar for Geostrategy, GMF

Peter Frankopan, Professor of Global History, Oxford University

The much-anticipated EBRD Regional Economic Prospects were back in the new panel discussion format for a special EBRD Annual Meeting 2023 edition. The interactive discussion covered the latest economic forecasts for the regions where the EBRD invests. EBRD Chief Economist Beata Javorcik discussed with outstanding regional experts the extraordinary challenges that policymakers are confronted with in the world of relentless inflationary pressures and repeated economic crises.

Keynote speaker

Beata Javorcik, Chief Economist, EBRD

Moderator

Jonathan Charles, Strategic Communications Consultant and Broadcaster

Speakers

Sergei Guriev, Professor of Economics, Institut d'Études Politiques

Heike Harmgart, Managing Director, Southern and Eastern Mediterranean, EBRD

Nearly nine months after the Russian invasion, the war has seriously affected Ukraine’s economy, which is facing daunting tasks.

These tasks require collective efforts and coordination among the country’s policymakers, businesses and international community, including the EBRD. The main objective of this discussion is to bring together representatives of key stakeholders to discuss optimal policies and necessary investments to help the process of Ukraine’s stabilisation and rebuilding.

Nearly nine months after the Russian invasion, the war has seriously affected Ukraine’s economy, which is facing daunting tasks. Macroeconomic and financial sector stability are essential for the continued functioning of the economy and maintaining the war effort. Supporting and stimulating the real economy are the key elements of its economic sustainability.

Participants:

Odile Renaud-Basso, President, EBRD

Tymofiy Mylovanov, President, Kyiv School of Economics

Torbjörn Becker, Professor of economics, Stockholm Institute of Transition Economics – SITE and CEPR

Beata Javorcik, Chief Economist, EBRD (moderator)

Launch Of the EBRD Transition Report 2022 - 23 Business Unusual by EBRD

This special episode in Fearonomics series looks at the economic risks of recent geopolitical turmoil.

Ths live event, where the EBRD launched their economic forecasts, analysed the impact of recent turbulence on the economic outlook, including fallout from Russia’s war on Ukraine, the energy crisis and rising inflation.

Participants:

Beata Javorcik - Chief Economist, EBRD

Sergei Guriev – Professor, Sciences Po Provost

Heike Harmgart – EBRD Managing Director, SEMED

Jonathan Charles (Moderator) - former EBRD Managing Director, Communications

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At a time when we’re living through the highest inflation in decades, a cost of living crisis and dramatically falling rates of growth, the new Fearonomics episode looks at the cost of discrimination to the global economy.

Despite the recent advancement in the equality of rights and inclusion, 45 per cent of American workers have experienced discrimination in the past year, according to Gallup.

The World Bank’s Women, Business and the Law 2022 report states that around 2.4 billion women of working age lack equal economic opportunities and 178 countries maintain legal barriers that prevent their full economic participation.

In early 2022,the LGBTQ+ advocacy group HRC Foundation published a study showing that LGBTQ+ workers in the US earn about 90 cents for every dollar earned by a typical heterosexual worker.

Join Jonathan Charles, the EBRD’s Managing Director of Communications, Sergei Guriev, former EBRD Chief Economist and currently Professor of Economics at Science Po, and Beata Javorcik, the EBRD’s Chief Economist who is also Professor of Economics at Oxford University, to discuss how to protect the world economy’s most vulnerable groups.

Listen to the latest episode of Fearonomics on iTunes, SoundCloud or wherever you get your podcasts.

Review our podcast on iTunes or tweet us @EBRD #Fearonomics

You can rate, review and subscribe to Fearonomics on iTunes, Spotify and Soundcloud.

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The new episode of the EBRD’s Fearonomics podcast looks at the most common fears around migration.

The rate of growth of displaced people in the world is alarming. A 100 million is the latest UNHCR estimate -which equals to 1 per cent of the global population.

This stark anti-record reflects the precarious state of the world we are in.

The War on Ukraine, other conflicts, human rights violations, persecutions and violence are behind the unprecedented movement of people.

At the same, as the Covid-19 restrictions are being lifted across the world, the economic migration is expected to bounce back to pre-pandemic levels.

For centuries, the world has been living with the idea that migration has to hurt us and bring the world down. But why? Why are we so afraid of migrants?

Listen to Jonathan Charles, the EBRD’s Managing Director of Communications, in discussion with Sergei Guriev, former EBRD Chief Economist and currently Professor of Economics at Science Po, and Beata Javorcik, the EBRD’s Chief Economist who is also Professor of Economics at Oxford University.

Listen to the first episode of Fearonomics on iTunes, SoundCloud or wherever you get your podcasts.

Review our podcast on iTunes or tweet us @EBRD #Fearonomics

You can rate, review and subscribe to Fearonomics on iTunes, Spotify and Soundcloud.

Rate, review and subscribe to our podcast

The new episode of the EBRD’s Fearonomics podcast explores the risks of future pandemics.

With new cases of monkeypox globally detected, the looming risks of growing anti-microbial resistance and the impact of climate crisis, is the next pandemic just around the corner?

The IMF has recently forecasted the global cost of the Covid-19 pandemic will rise beyond $12,5 trillion through 2024, fuelled by vast gaps in vaccination rates, widening divergence between rich and poor and disproportionate gender impacts.

But we have yet to suffer many of the hidden costs of the pandemic.

Such as the impact of education missed, the toll taken on mental health, the eroding of trust in governments.

Listen to Jonathan Charles, the EBRD’s Managing Director of Communications, in discussion with Sergei Guriev, former EBRD Chief Economist and currently Professor of Economics at Science Po, and Beata Javorcik, the EBRD’s Chief Economist who is also Professor of Economics at Oxford University.

Are we ready for the next pandemic?

Listen to the first episode of Fearonomics on iTunes, SoundCloud or wherever you get your podcasts.

Review our podcast on iTunes or tweet us @EBRD #Fearonomics

You can rate, review and subscribe to Fearonomics on iTunes, Spotify and Soundcloud.