35th Annual Monetary and Trade Conference
Friday, April 21, 2017
Gerri C. LeBow Hall - Drexel LeBow, 3220 Market Street
Philadelphia, PA 19104
- Trade Policy Analysis – William Powers
- Buckle In – Mark Zandi
- Global Trademark Portfolio Management & Enforcement – Camille Miller
- Global Investment Behavior in an Uncertain Environment – Joseph Davis
- De-Globalization: Does that word mean what you think it means? – Mykyta Vesselovsky
- Global Trade: What’s Behind the Slowdown? – Marcos Poplawski Ribeiro
35th Annual Monetary and Trade Conference
On April 21, 2017, the Global Interdependence Center will host its Annual Monetary & Trade (AMT) Conference in partnership with the LeBow College of Business at Drexel University. This will be our 35th AMT Conference and traditionally the conference topics have focused on important developments in international trade and global monetary policy. Speakers are drawn from the top echelon of policy makers, academics and business leaders.
The theme for the 2017 AMT Conference, supported by Moody’s Analytics, is De-Globalization: Is it real?. Recent political developments cast doubt on the importance of globalization and question the benefits associated with free trade and open markets. While academic research has documented welfare benefits from free trade, some skeptics have recently argued that globalization has gone too far, causing dislocation of jobs, amplifying inequality, and creating vulnerabilities in the global financial system. In response, it is proposed that the fast pace of interdependence should be reversed to preserve employment, improve national prosperity, and stimulate demand through investing in local, not global, business opportunities. The conference will focus on three aspects of the debate of de-globalization: (a) free trade, (b) investment flows, and (c) global financial system vulnerabilities. Consideration will be placed on addressing challenges and concerns, but will also explore new arising opportunities from globalization.
Friday, April 21, 2017 at Gerri C. LeBow Hall, Drexel University
8:30 AM Registration
9:00 AM Welcome
- George Tsetsekos, Francis Professor of Finance and Dean Emeritus, LeBow College of Business, Drexel University and former GIC Chairman
9:15 AM Session 1: Safeguarding Free Trade — Challenges and Opportunities
- Camille M. Miller, Co-Chair, Intellectual Property Department, Cozen O’Connor
- Mykyta Vesselovsky, Senior Research Coordinator, Office of the Chief Economist, Global Affairs Canada
- William M. Powers, Chief Economist and Director, Office of Economics, U.S. International Trade Commission
10:15 AM Session 2: Vulnerabilities and Risks for the Global Financial System
- Michael Papaioannou, Deputy Division Chief, International Monetary Fund
- Marcos Poplawski-Ribeiro, Economist, World Economic Studies Division, Research Department, International Monetary Fund
11:15 AM Session 3: Global Investment Behavior in an Increasingly Uncertain Environment
- Mark Zandi, Chief Economist, Moody’s Analytics
- Joseph H. Davis, Global Chief Economist and Global Head, Investment Strategy Group, Vanguard
- Bill Stone, EVP and Global Chief Investment Strategist, PNC Asset Management Group
12:30 PM Conclusion
Joseph DavisGlobal Chief Economist and Global Head, Investment Strategy Group, Vanguard
Joseph Davis, Ph.D. is Vanguard’s Global Chief Economist and the Global Head of Vanguard’s Investment Strategy Group, whose research and client-facing team develops asset allocation strategies and conducts research on the capital markets, the global economy, and asset-allocation strategies. Mr. Davis also chairs the firm’s Strategic Asset Allocation Committee for multi-asset-class investment solutions. As Vanguard’s Global Chief Economist, Mr. Davis is a member of the senior portfolio management team for Vanguard’s Fixed Income Group. Mr. Davis is a frequent keynote speaker, has published white papers in leading academic and practitioner journals, and helped develop Vanguard’s Capital Markets Model and the firm’s annual economic and capital markets outlook. Mr. Davis earned his B.A. summa cum laude from Saint Joseph’s University and his M.A. and Ph.D. in economics at Duke University.
Camille MillerCo-Chair, Intellectual Property Department, Cozen O’Connor
Camille M. Miller concentrates her practice in all aspects of intellectual property, specifically trademark, trade dress, copyright, unfair competition, cyber security and data breaches, right of privacy, right of publicity, domain names, counterfeiting, licensing, trade secret and franchising law, as well as all areas of intellectual property litigation, including patent, trademark and copyright. She is a member of the firm’s Management Committee and a member of the firm’s Board of Directors.
Michael G. PapaioannouDeputy Division Chief, Debt and Capital Markets Instruments, Monetary and Capital Markets Department, International Monetary Fund
Dr. Michael G. Papaioannou is a Deputy Division Chief at the Debt and Capital Markets Instruments, Monetary and Capital Markets Department of the International Monetary Fund. While at the IMF, he served as a Special Adviser to the Governing Board of the Bank of Greece and has led numerous IMF missions on designing and implementing sovereign asset and liability management frameworks, establishing and managing SWFs, and developing economic and financial policies for emerging and developed countries.
Marcos Poplawski-RibeiroEconomist, World Economic Studies Division, Research Department, International Monetary Fund
Marcos Poplawski-Ribeiro is an economist in the World Economic Studies Division of the International Monetary Fund’s Research Department. Previously, he worked in the IMF’s Fiscal Affairs, and African departments. Before the IMF, he worked and lectured in different institutions and universities in Brazil, Europe, and the United States, including the European Central Bank; the United Nations; the University of Amsterdam; and Sciences Po in Paris. His research covers the fields of macroeconomics, international economics, and finance. Mr. Poplawski-Ribeiro holds a Ph.D. in Economics from the University of Amsterdam, a M.Sc. in Economics from the Fundação Getúlio Vargas in São Paulo.
William PowersChief Economist and Director, Office of Economics, U.S. International Trade Commission
Dr. William (Bill) Powers is Chief Economist and Director, Office of Economics at the U.S. International Trade Commission. He directs the economic analysis in the Commission’s fact-finding investigations for Congress and the U.S. President, such as the recent report on the Trans-Pacific Partnership, and in antidumping and countervailing duty investigations. He joined the Commission in 2005 after earning his PhD in economics from the University of Michigan. He has published on empirical trade topics including trade agreements, trade finance, and global value chains. In international networks, he served as the Co-Chair of the APEC Trade-in-Value-Added (TiVA) Initiative in 2016, and he originated the North American TiVA initiative in 2014. During the global trade downturn of 2008–09, Dr. Powers served in a one-year position as a senior international economist at the President’s Council of Economic Advisers (CEA) in both the Bush and Obama Administrations.
Bill StoneExecutive Vice President and Global Chief Investment Strategist, PNC Asset Management Group
Bill Stone is executive vice president and global chief investment strategist for PNC Asset Management Group. He is responsible for leading the strategy teams for PNC Wealth Management®, PNC Institutional Asset Management® and Hawthorn, PNC Family Wealth® in monitoring the factors that influence the direction of domestic and international financial markets.
George Tsetsekos, Ph.D.Dean Emeritus and the Francis Professor of Finance at LeBow’s College of Business at Drexel University
Dr. George Tsetsekos, serves as the Francis professor of Finance and Director of the Risk Management Center at the LeBow College of Business. He served as Dean of LeBow (2002-2012) and under his transformative leadership the college achieved national rankings and quality milestones in research and teaching.
Mykyta VesselovskySenior Research Coordinator, Office of the Chief Economist, Global Affairs Canada
Mykyta Vesselovsky at the Office of the Chief Economist at Global Affairs Canada is responsible for the provision of trade and economic research and analysis in support of trade and investment policies, and for the assessment of global, regional and sectoral trends and developments affecting Canada’s international economic relations. His research interests include international trade costs, priorities in trade policy, progressive trade, currency effects and sectoral issues.
Mark ZandiChief Economist, Moody's Analytics
Mark Zandi is chief economist of Moody’s Analytics, where he directs economic research. Moody’s Analytics, a subsidiary of Moody’s Corp., is a leading provider of economic research, data and analytical tools. Dr. Zandi is a cofounder of the company Economy.com, which Moody’s purchased in 2005.