Agenda of the CFA Society Poland
Annual Conference

The pandemic, the war in Europe, the globalization crisis and the decentralization of money. The growing interest in macroeconomic affairs is the result of an increasingly complex world, in which the indicators are becoming less and less complex. The reality is far from simple prescriptions like “more/less free market.” Often there is no simple choice, and every option has shortcomings and risks. For all this, economic policy is still driven by people, not algorithms. In addition to the growing influence of China, emerging markets face a number of challenges that will shape the coming decades. First, there is a shift toward protectionism in some developed economies, which itself is rooted in the belief that globalization has brought too many benefits to emerging markets at the expense of low-skilled labor in developed countries. Second, there is the unstoppable march of technological progress, which may make low-skilled jobs increasingly outdated. And third, excess monetary resources resulting from a decade of extraordinary monetary stimulus in the world’s three leading economies have resulted in record capital flows to emerging markets, and thus, perhaps, record vulnerability. In the panel, recognized international macroeconomic strategists will discuss the state of economies in times of great uncertainty.