The 2023 Paul Streeten Distinguished Lecture in Global Development Policy: The Blurred Contours of a New International Financial Order

Developing and emerging market economies have, in many ways, benefited from global trade and financial flows, but while the economic center of gravity has shifted towards emerging market economies, the locus of financial power remains firmly entrenched in the West. For emerging market economies that are not politically aligned with advanced economies, lower trade and financial flows will mean fewer technology and knowledge transfers, constraining their pathways to development.

Now, these countries stand to suffer the consequences of globalization fragmenting along geopolitical lines, which may not deliver on the presumed benefits of greater economic stability and resilience. Rather, these forces may ultimately foment even greater volatility, both economic and geopolitical, and the burden will fall disproportionately on lower- and middle-income countries. If economic flows come to closely parallel geopolitical alignments, an important counterweight to geopolitical frictions would be lost.

On Wednesday, March 29, join the Boston University Global Development Policy Center, the Boston University Institute for Economic Development and the Boston University Department of Economics for the annual Paul Streeten Distinguished Lecture in Global Development Policy, presented by Eswar Prasad, renowned economist and the Tolani Senior Professor of Trade Policy at Cornell University.

The Streeten Lecture celebrates the example and legacy of Boston University Professor Paul Streeten as an eminent economist and interdisciplinary scholar whose work had a significant impact on global development policy.

A reception with drinks and refreshments follows the Lecture from 6:00-7:30 PM at Boston University Hillel, 213 Bay State Road, 4th Floor, Boston, MA 02215.

Register to attend online: https://gdpcenter.org/Streeten-2023-Zoom

Register to attend in-person: https://gdpcenter.org/Streeten-2023-In-Person