Senior Economist, Mahmoud Elkhafif, of the Division on Globalization and Development Strategies (DGDS), participated in a seminar on financial crises and international exchange rate arrangements, organized by Vi member, the University of Jordan (UJ), on December 15.
Elkhafif’s visit, which included lectures related to international finance and globalization for professors and 38 Master’s and PhD students of the Department of Business Economics, was one of the academic activities conducted at UJ with the support of the WTO Chair program and the UNCTAD Virtual Institute.
The seminar and graduate lectures highlighted contemporary issues related to macroeconomic policies and financial crises outlined in the latest UNCTAD Trade and Development Report (TDR).
This year’s TDR tackles post-crisis policy challenges in the world economy. As recovery slows down in developing countries, and practically grinds to a halt in many developed states, the report warns that resorting to fiscal and monetary tightening measures that do not address the causes of the crisis will discourage growth and risk a new recession.