Global Imbalances in the Economy

Please join AGI on Wednesday, November 3, 2010, for a lecture on imbalances in the global economy. For almost two years, a debate has been occurring in academic, political, and other circles, particularly in parts of the U.S. and British media, about the role of global macroeconomic imbalances in the emergence of the financial market crisis and the recession. The Greek financial crisis in the euro zone and the recent strong growth figures in Germany further intensified this debate. What are the reasons for the current account balances, and what are their effect for nations, businesses, and private households in deficit and surplus countries? What are the effects for the well-being and cohesion of societies? And what effect will a rebalancing have on both domestic and international security? Tim Stuchtey will search for some answers in his lecture on November 3, 2010; a light luncheon will be served.

Dr. Tim Stuchtey is the managing director of the Brandenburgisches Institut für Gesellschaft und Sicherheit (BIGS), a homeland security think-tank based in Potsdam, Germany. He is also a Senior Fellow and Director of the Business & Economics Program at AGI. He works on various issues concerning economic policy, the economics of security, the classic German ‘Ordnungspolitik,’ and the economics of higher education.

Dr. Stuchtey studied economics with a major in international trade and international management and graduated in 1995 from the Westfälische Wilhelms-Universität in Münster. In 2001, he earned a Ph.D. from the Technische Universität Berlin in economics, which he obtained for his work in public finance and higher education policy. He worked as an economist for the German Employers Association and as a university administrator both at Technische and Humboldt-Universität Berlin. He was also the managing director for the Humboldt Institution on Transatlantic Issues, a Berlin-based think tank affiliated with Humboldt-Universität.