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President Trump, War & Global Economy

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Meeting No: 2517 964 3723
Password: maga


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Abstract

Donald Trump's election win and the Republican sweep of Congress mark a significant turning point for the global economy. Key themes include his plans to raise tariffs, particularly on China, and cut US taxes and regulations, though the specifics are unclear. His foreign policy is expected to be isolationist and transactional. Initial market reactions have been stable, with US risk assets and the dollar performing well. Key risks include rising US bond yields and a potential global trade war. While the base case is continued global expansion, Trump's unpredictability leaves the outlook uncertain.This webinar explores these dynamics, providing insights into potential scenarios and their implications.

About the Speakers

Prof. Ravindra H. Dholakia

Professor Dholakia was the Economics Area faculty at IIM Ahmedabad from 1985 to April 2018 when he superannuated. He received the Most Distinguished Faculty Award for the year 2017-18 at IIMA. He has about 41 years of experience of teaching Economics to different groups like students, executives, policy makers and senior government officers. He was a regular visiting faculty to teach at the European Management Institute (ESCP-EAP), Paris from 2002 to 2005. He has collaborated on a series of research projects with the Earth Institute of Columbia University from 2004-05 to 2012-13. He has considerable practical experience working in high powered policy making and evaluation bodies in both the Central and State Governments in India. He was on the Monetary Policy Committee of India (2016-21). He was a member of the Sixth Central Pay Commission (2006-08) deciding revision of the pay and pension of more than 10 million employees in India. He was also a Member of the High Level Committees on Leveraging Postal Network in India (2014), HR Issues in the Merger of Air India and Indian Airlines (May 2011- Jan.2012), Public Expenditure Management (2009-10), and on Savings and Investment Estimation (2008-09) appointed by the Government of India; a Member of the Expert Committee on Restructuring of the State Public Sector Units (2004-08), the Public Debt Management Committee (2005-06), and the State Public Finance Reform Committee (1998 – 2000) appointed by the Government of Gujarat. He has recently chaired a Committee on Financial Sector Statistics (2016-18) and is currently chairing a Committee on Sub-National Accounts appointed by the Ministry of Statistics and Programme Implementation, Government of India (2018 onwards) and had chaired a Committee on Cost Saving and Resource Use Optimization in Air India, appointed by Ministry of Civil Aviation, Government of India (2013).

Lt. Gen. Rajeshwar

Lt Gen PS Rajeshwar was commissioned into the Regiment of Artillery in December 1980. A gunner and aviator, he is an alumnus of the Defence Services Staff College, Army War College and National Defence College(s) in New Delhi and Philippines. He has actively taken part in Operation Meghdoot and Operation Rakshak. He commanded a Medium Regiment in Operation Parakram, an infantry brigade on the Line of Control, a Counter Insurgency Force in Jammu & Kashmir and a Corps in the Desert sector.

He also served on key staff assignments and UN Peacekeeping missions in Mozambique and Rwanda. His apex responsibilities, both tri-service, included the Chief of Integrated Defence Staff to the Chairman Chiefs of Staff Committee (CISC) and the Commander-in Chief of the Andaman & Nicobar Command (CINCAN) from where he retired in May 2020.

Lt. Gen. (Dr) Rakesh Sharma

Lt Gen (Dr) Rakesh Sharma was commissioned in Gorkha Rifles in 1977, and had a career spanning forty years in the Army. He has had extensive operational experience in Jammu and Kashmir, North East and on the Western Borders. The officer had trained the Botswana Army for three years in Africa, and attended the National War College at Abuja, Nigeria. Lt Gen Rakesh Sharma attended the NDC at New Delhi. He was Research Fellow at Institute for Defence Studies and Analyses and has done PhD in Defence Studies. General Rakesh Sharma commanded the Fire and Fury Corps in Ladakh responsible for Kargil, Siachin Glacier and Eastern Ladakh – facing both Pakistan and China. The General was the Adjutant General of the Indian Army responsible for the Human Resource Management and superannuated in 2017. He has been awarded by the President of India. He is a regular participant in seminars, lectures in various institutions, and regularly writes for newspapers and military journals. He is currently DISTINGUISHED FELLOW with Vivekananda International Foundation (VIF) and Centre for Land Warfare Studies (CLAWS) and on the EXECUTIVE COUNCIL of Institute for Defence Studies and Analyses (IDSA) and of Global Counter Terrorism Council (GCTC).

Prof Ashima Goyal

Ashima Goyal is Advisor at EGROW Foundation. She has provided consultancy to ADB, DEA, GDN, UNDP, RBI, UN ESCAP and WB. She is active in the Indian policy debate; and has served on several government committees, including the Economic Advisory Council Prime Minister and the RBI technical advisory committee for monetary policy, and boards of educational and of financial institutions. She is former Member of RBI's Monetary Policy Committee, an independent director at Edelweiss Financial Services and SBI General Insurance.

She edits a Routledge journal in macroeconomics and finance and contributes a monthly column to the Hindu Business Line. She was a visiting fellow at the Economic Growth Centre, Yale University, USA, and a Fulbright Senior Research Fellow at Claremont Graduate University, USA. Her research has received national and international awards. She won two best research awards at GDN meetings at Tokyo (2000) and Rio de Janeiro (2001), was selected as one of the four most powerful women in economics, a thought leader, by Business Today (2008); was the first Professor P.R. Brahmananda Memorial Research Grant Awardee for a study on History of Monetary Policy in India since Independence (2011), which was published by Springer in 2014; received the SKOCH Challenger Award for Economic Policy (2017); Hindu College OSA Distinguished Alumni Award and 20th FLO FICCI GR8 Beti Award for Excellence in Economics (2018).

Ashima Goyal is widely published in institutional and open economy macroeconomics, international finance and governance, with more than a hundred articles in national and international journals. She has also authored and edited a number of books including Macroeconomics and Markets in Developing and Emerging Economies (Routledge: UK. 2017) and A Concise Handbook of the Indian Economy in the 21st Century (OUP: India, 2019).