Join the EBRD’s Office of the Chief Economist for the live launch of the Transition Report 2020-21 “The State Strikes Back”.
The launch will be followed by a panel discussion between:
Professor Joseph Stiglitz will give a short video message.
The event will be moderated by Anthony Williams.
“The State Strikes Back” will be launched on Tuesday 10 November at 15:00 (London time).
In the three decades following the end of communism in Eastern Europe, conventional economic thinking and policy making were dominated by a focus on a small role of the state, privatisation and deregulation. However, the global financial crisis in 2008, as well as lacklustre growth and rising inequality afterwards, have led to increasing support for state intervention in the economy. This trend has been accelerated by the ongoing Covid-19 crisis, which necessitated massive interventions to support the economy and prevent economic and social meltdowns. The crisis also highlighted great expectations of citizens when it comes to the ability of the state to reduce health and economic risks faced by individuals.
This year’s report examines the size and the role of the state across the EBRD regions, the bright and sometimes dark side of state-owned enterprises and state banks in the modern economy, as well as the role of the state in supporting the green economy transition. The online version of the report also includes assessments of recent economic developments and structural reforms in the EBRD regions.
- Special address by Joseph Stiglitz , a recipient of the Nobel Memorial Prize in Economic Sciences and the John Bates Clark Medal Professor. He is Professor at Columbia University, Founder and President of the Initiative for Policy Dialogue (IPD) Co-Chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress, OECD, Chief Economist of The Roosevelt Institute.
- Mariana Mazzucato is Professor in the Economics of Innovation and Public Value at University College London (UCL) where she is Founding Director of the Institute for Innovation and Public Purpose (IIPP). She is author of The Entrepreneurial State: Debunking public vs. private sector myths (2013) and The Value of Everything: Making and taking in the global economy (2018).
- Dani Rodrik is the Ford Foundation Professor of International Political Economy at Harvard's John F. Kennedy School of Government. He is currently President-Elect of the International Economic Association, and co-director of Economics for Inclusive Prosperity. His newest book is Straight Talk on Trade: Ideas for a Sane World Economy (2017).
- Beata Javorcik is the EBRD Chief Economist and Professor of Economics at the University of Oxford.
- Moderated by Anthony Williams is the Head of External Communications at the EBRD