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Economic Nationalism in the Era of Geofragmentation: What Does it Mean for Developing Countries?

December 6, 2023
Related topics: 
Economy

The Policy Center for the New South is organizing a webinar on “Economic Nationalism in the Era of Geofragmentation: What Does it Mean for Developing Countries?” on December 6th, 2023 at 3.00 PM (GMT+1), in the framework of the PCNS Webinar Series – The Global Economy in Transition: Implications for Developing Countries.

The global economic landscape is witnessing a surge in economic nationalism and geofragmentation, presenting challenges for developing countries. The Policy Center for the New South is organizing a webinar to delve into the potential impact of these trends on developing nations worldwide.

This webinar aims to explore how economic nationalism policies, including protectionism and import substitution, may result in heightened trade barriers and restrictions on foreign investment. Such developments could diminish the integration of developing countries into the global economy, with consequential effects on growth and poverty alleviation.

Moreover, the webinar will assess the influence of rising economic nationalism and geofragmentation on developing countries' endeavors to integrate into regional trading blocs. While the African Continental Free Trade Area (AfCFTA) aspires to establish a single market for goods across the continent, the emergence of regional trading blocs in other parts of the world may pose challenges to global economic integration efforts.

The potential implications extend to the realm of investment, where developing countries heavily depend on foreign investment for economic development. Any obstacles to such investment could impede growth prospects. Additionally, the industrialization efforts of developing nations may be affected if economic nationalism policies stimulate the establishment of domestic industries that could compete with their nascent industrial sectors.

Speakers
Abdelaaziz Ait Ali
Head - Research in Economics
Abdelaaziz Ait Ali is a principal Economist and head of the Research Department at the Policy Center for the New South. He joined the Center in 2014 after five years of experience at the Central Bank of Morocco. He worked as an economist in the International Studies and Relations Department and was analyzing the real estate price index and financial asset prices for monetary policy and financial stability purposes. Since then, Abdelaaziz has focused on cyclical and structural issues of the Moroccan economy, including macroeconomic management and industrial policy design. He has published articles on the reform of the exchange rate regime in the Moroccan economy and its implications for macroeconomic regulation, as well as on the evolution of the macroeconomic framework over th ...
Guntram Wolff
Director, Bruegel , Belgium
Guntram Wolff is Director of Bruegel. His research focuses on the European economy and governance, on fiscal and monetary policy and global finance. He regularly testifies to the European Finance Ministers' ECOFIN meeting, the European Parliament, the German Parliament (Bundestag) and the French Parliament (Assemblée Nationale). From 2012-16, he was a member of the French primeminister's Conseil d'Analyse Economique.  Guntram Wolff is also a member of the Solvay Brussels School's international advisory board of the Brussels Free University. He joined Bruegel from the European Commission, where he worked on the macroeconomics of the euro area and the reform of euro area governance. Prior to joining the Commission, he was coordinating the research team on fiscal policy at Deuts ...

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