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‘The Future Growth of the World Economy is Critical for Geopolitical Decisions’

The XVI April International Academic Conference on Economic and Social Development is scheduled to take place from April 7-10, 2015, but plans are already underway among the organizers and participants alike. Recently, Dale Jorgenson, Samuel W. Morris University Professor of Economics at Harvard University, spoke with the HSE news service about his long history of cooperation with HSE. Professor Jorgenson, an internationally recognized expert on information technology and economic growth, among other subjects, shared his expectations for this year’s conference.

— How did your cooperation with the HSE begin?

— I met with Academic Supervisor Evgeny Yasin at my Harvard office, shortly after the founding of the Higher School of Economics in 1992. Yasin described the School’s objectives in pretty much the same terms as the ‘History’ section of the HSE website.

I immediately came to share his enthusiasm about training a new generation of researchers and practitioners and generating and disseminating modern economic knowledge in Russia. Although the obstacles seemed to me to be very formidable, I agreed to cooperate by hosting visits by HSE faculty and students to Harvard and by visiting HSE in Moscow. Later, with help and advice from Yasin, I launched a joint research programme between Harvard and HSE with support from the Ministry of Economic Development and Trade, then headed by the distinguished economist, Elvira Nabiullina. Harvard is also represented on the International Advisory Committee of HSE by my colleague, Eric Maskin, who is the Committee Chairman.

I will discuss the outlook for world economic growth at the April Conference, including the outlook for Russia and other members of the G8, as well as leading emerging economies such as China and India.

 — What's on your research plate with HSE colleagues, if anything?

— Our joint project is the Russian component of the World KLEMS Initiative. The purpose of this initiative is to promote and compare patterns of productivity and economic growth around the world. The initiative now involves almost 40 countries and spans five continents — Europe, North America, South America, Asia, and Australia. Ten countries produce internationally comparable data on productivity and economic growth as part of their systems of national accounts.

The Russian project is led by Ilya Voskoboynikov at HSE, who visited Harvard as a student and later as a faculty member. He will present his latest results at a session that will also include Marcel Timmer of Groningen University in The Netherlands, the supervisor of his doctoral research, and Kyoji Fukao of Hitotsubashi University in Tokyo, the leader of Asia KLEMS, a project that involves China, India, and Korea as well as Japan. We plan to discuss incorporation of the Russian data into the Russian national accounts with the leaders of Rosstat, the Russian statistical agency.

—Climate change, information technology, environmental behaviour — all of this is only part of your research interests. What would you consider the most burning issue in your area of expertise for international cooperation?

— The most burning issue on my personal agenda is reviving and maintaining economic growth in the aftermath of the world economic and financial crisis. I will discuss the outlook for world economic growth at the April Conference, including the outlook for Russia and other members of the G8, as well as leading emerging economies such as China and India. China has recently overtaken the United States as the world’s largest economy and India has overtaken Japan. As a consequence, the rapid growth of the world economy that preceded the crisis will continue well into the future. Each of the major economies faces major challenges, urbanization and environmental deterioration in the case of China and India, demographic decline in the case of Europe and the United States. Russia is now the world’s sixth largest economy and faces special challenges posed by the recent collapse of world oil prices.

HSE conferences have provided the ideal venue for frank and informative discussions and I am very grateful for the opportunity to participate.

I am confident that researchers at HSE and the practitioners they have trained will meet these challenges and look forward to hearing their views at the Conference.

— How could international experts influence and add value to geopolitical decision-making?

— The future growth the world economy is critical for geopolitical decisions, but there are many other dimensions as well, requiring other forms of expertise. Economists can collaborate with experts in other aspects of international relations to add value to international negotiations.

— Have you been to Moscow before? What plans do you have while not at the Conference?

— Thanks to close cooperation with HSE over many years, I have had many opportunities to visit Moscow. I am especially interested in the great art collections at Tretyakov Gallery and Pushkin Museum, as well as the historic buildings of the Kremlin. I had hoped to attend an opera performance at the Bolshoi Theater, which was undergoing renovation during my last visit to Moscow. Although these very impressive renovations are now complete, this will have to wait for my next visit.

Of course, there are many other fascinating places to visit in a great city like Moscow and many interesting people to meet. I look forward to renewing my acquaintance with many Russian colleagues at HSE and other leading economic research institutions. I also look forward to hearing from leading economic policymakers in Russia about the issues facing the Russian economy. HSE conferences have provided the ideal venue for frank and informative discussions and I am very grateful for the opportunity to participate.

Anna Chernyakhovskaya, specially for HSE News Service 

See also:

From Moscow to Brazil, South Africa, and China: Panelists Discuss Challenges and Potential for BRICS Countries in the Global Economy

On May 14, as part of the ‘World Economy’ session of the XXI April Conference 2020 an online panel attended by representatives of BRICS Network University took place. The session was devoted to the topic ‘BRICS Countries in the Global Economy’.

Experts Discuss Media, Art, Fashion, and Education at Telling Stories Festival 2020

What does the post-COVID future have in store for museums, universities, and the media? Does big data protect us or pose a threat? What are the prospects for fashion shows, cinema, and theaters? How are different generations experiencing the pandemic? These and other issues were discussed at the annual festival of communications, design, and media.

HSE Experts Analyze the Lifting of Quarantine Restrictions in 30 Countries

In a recent report, HSE experts evaluated the world’s 14 countries hit hardest by the COVID-19 pandemic based on data (including the number of recorded deaths) from May 1, 2020 or later. The report also examined 16 other countries whose experience was considered significant. While refraining from making generalizations, experts nonetheless noted that leaders in Europe and the United States have generally not responded to the situation as effectively as their Asian counterparts. Africa, meanwhile, follows its own course, while the situation in Brazil is worse.

HSE Report on Innovative Development in Russian Agriculture

The world’s modern food systems are going through a fundamentally new stage of technological development known as Agriculture 4.0. This digital approach relies on the use of robotechnics, the Internet of Things, biotechnologies, and other smart solutions. Is Russian agriculture ready for this transformation? What should be the government’s role in this process? These issues are the focus of the report, ‘Innovative Development of Russian Agricultural Industry. Agriculture 4.0».

‘It’s about the “Moral Stability” of the Economy’

HSE experts participated in the first international online forum, ‘The World, Post-Coronavirus: A View from the Heart of Eurasia’, which was held on April 28 in Ufa on the initiative of the Bashkortostan government. Scholars, businessmen, and politicians from different countries discussed threats, opportunities, and solutions for the economy and the social sphere.

Scientists Are Taking Their Research Seminars Online

The first research seminar of the International Laboratory of Statistical and Computational Genomics had been postponed almost a month due to COVID-19. In April, however, the event finally took place. Laboratory Head Vladimir Shchur discusses what life is like for scientists in self-isolation during the pandemic, what genomics is, and why gesturing is important when teaching online.

At the Foothill of Our Digital Journey

April International Academic Conference is held in a distributed format this year, with some sessions broadcast online and papers and video presentations from others posted on the conference website. Professor Dr Ger Graus, first Global Director of Education at KidZania, is an invited speaker at Digital Transformation of Education session that is also conducted in this new distributed form. His paper is devoted to preparing children for digital era through non-formal education.

Countries Strengthen Scientific Cooperation in Response to Coronavirus Pandemic

The OECD Committee for Scientific and Technological Policy (STP) held its first meeting of the year in early April. HSE staff members Mikhail Gershman, Dirk Meissner and Elena Sabelnikova joined Ministry of Education and Science representatives as members of the Russian delegation to the event. Here, they explain which approaches participants discussed for combating the coronavirus and for preventing other global crises.

April Conference Begins as Scheduled

On April 7, 2020, the XXI April International Academic Conference on Economic and Social Development, organized by HSE University together with the World Bank, commenced. This year, the conference will be held in a distributed format.

‘The April Conference Will Not Only Confirm, But Strengthen Its Reputation as a Platform for Innovative Research’

Evgeny Yasin, HSE Academic Supervisor and Head of the Programme Committee of the XXI April Conference, addressed participants of the forum, which is being held in a distributed format this year.