The global economy in 2022 is experiencing multiple unprecedented crises. The Russian invasion of Ukraine brought a geopolitical disruption to Europe, spreading energy and supply chain crises in other parts of the world. The deepening of the US-China confrontation and rising techno-nationalism cast a series of gloomy economic forecasts. The energy crunch in Europe increased uncertainties in the global energy market. The intense pressure of inflation in the post-pandemic period began to be coupled with a strong dollar and fiscal austerity. As winter is approaching, energy and economic crises are facing a harsh edge of reality. How long will the crisis last? How can the global economy overcome these multi-layered crises? This session examines the impacts of ongoing energy and economic crises and compares the responses from major countries. The panels will discuss possible solutions to cope with growing challenges as the conclusion.
- Discussion on the key features of energy and economic security
- Discussion on the national and regional responses to the crises
- Discussion on the solutions to overcome the multi-layered crises
- Discussion on the future of global economic and energy governance