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October 14-15, 2014 The World Bank Group | Preston Auditorium | 1818 H Street NW, Washington, DC | USA Day 1 | Tuesday, October 14 Breakfast and Registration (8:30am – 9:00am) Opening Session (9:00am – 10:00am) Opening Bertrand Badré, Managing Director and Chief Financial Officer, The World Bank Group Welcoming Remarks Anabel Gonzalez, Senior Director, Trade and Competitiveness Global Practice, The World Bank Group Keynote Dani Rodrik, Institute for Advanced Study, Princeton Panel 1 – Measuring the Impact of the New Growth Strategies (10:15am – 11:30am) Speakers Andreu Mas-Collel (Minister for Economy & Knowledge, Government of Catalonia, Spain), Dani Rodrik (Institute for Advanced Study, Princeton), Philippe Aghion (Harvard University), Arvind Subramanian (Senior Fellow, Peterson Institute for International Economics; Center for Global Development) Moderator Ivan Rossignol (Chief Technical Specialist, Trade and Competitiveness Global Practice, WBG) In many places, five to ten years have passed since the push for new growth strategies began. Given that Themes these strategies often start with a range of coordinated actions (in a sub-jurisdiction ‘enclave’), with the hope to catalyze – indirectly – wider and greener growth, they create serious methodological and substantive issues in defining and measuring their impact. How do they fit into, or reshape, traditional growth theory? Based on that, how can we adequately assess whether they are succeeding or failing? What are the implications, for theory and practice? Panel 2 – Institutional Means to Support New Growth Strategies (11:45am – 1pm) Speakers Dato' Sri Idris Jala (Minister in the Prime Minister’s Department and CEO of Performance Management & Delivery Unit (Pemandu), Malaysia), Arun Maira (Former Member for Industry, Planning Commission, Government of India, and Founder, India Backbone Implementation Network – IbIn), Christian Ketels (Harvard University), Charles Sabel (Columbia Law School) Moderator Pierre Jacquet (President, Global Development Network) If traditional institutions struggled with ‘old’ industrial policy, in an era of less volatile and uncertain Themes markets, they are liable to be wholly inadequate to new growth strategies. New institutions thus need to be developed, which will require new concepts, and may be demanding (even unfeasible) in their requirements on governance and political economy. In practice, what new institutions are emerging and how are they faring? What are their demands on and risks for governance? What new concepts do they require? Where could they be pursued, and where not? FUNDING FOR THE CONFERENCE PROVIDED BY: Lunch Break (1pm-1:30pm) Panel 3 – New Growth Strategies in Middle and High-Income Countries (1:30pm – 2:30pm) Speakers Jane Frances (Director, Growth and Public Services, The Treasury, New Zealand), Danny Leipziger (Managing Director, The Growth Dialogue, George Washington University), Didier Herbert (Director, Enterprise Competitiveness, Industry and Growth Policies, European Commission) Moderator Bert Hofman (Country Director, China, WBG) Themes Job creation has been the defining challenge for developed countries as much as for developing ones since the latest financial crisis. With persisting low growth, high unemployment and rising inequality, the former have been juggling with the same key question as the latter: how does one encourage the growth of job-creating industries in an era of open trade? The European Union has recently engaged on new competitiveness and growth strategies for job creation, which integrates the new realities of globalized trade and fast innovation in offering a package to encourage investment, growth and job creation. New Zealand are currently embarking on a growth strategy with a stronger focus on lifting exports and international connections to drive higher economic performance. What are the defining features of these policies, and the key challenges in implementing them? What can developing countries learn and adapt? Panel 4 – Competitive Cities: New Growth Policies & Urban Development (2:45pm – 4:00pm) Speakers Ravi Naidoo (Executive Director for Economic Development, City of Johannesburg, South Africa), Fidele Ndayisaba (Mayor, City of Kigali, Rwanda), Kevin Murphy (President and CEO, JE Austin, and WEF), Richard Newfarmer (Country Director: Rwanda-Uganda-South Sudan, International Growth Center), TBC: Aisa Kirabo Kacyira (Deputy ED and Assistant Secretary-General, UN-Habitat) Moderator Ede Jorge Ijjasz-Vasquez (Senior Director, Social, Urban, Rural & Resilience Global Practice, WBG) Themes With rapid urbanization in much of the developing world, cities are becoming the locus of the jobs challenge, a key nexus for global trade, but are also where economic inequality is felt most starkly. Cities’ success or failure in improving livelihoods and increasing economic opportunities for their residents cuts across urban management and economic development –beyond the technical challenges of building city roads and delivering treated water. How can cities and local governments tackle income inequality and economic segregation while increasing global competitiveness? What should cities be doing more of, and what should they be doing less of? Can new high tech industries provide an answer to this challenge? What else can cities do to change their own economic trajectory? Panel 5 – Global Value Chains – Perspectives from the Private Sector (4:15pm – 5:30pm) Speakers Ted Chu (IFC Chief Economist, WBG), David D. Nelson (Senior Manager, Global Government Affairs and Policy, General Electric Company) Moderator Anabel Gonzalez (Senior Director, Trade and Competitiveness Global Practice, WBG) Directed country interventions to favor the development of some value chains, like the automotive Themes sector, have led to mixed results. This has especially been the case in the past few decades, where valuechains have become increasingly fragmented and globalized. What is the perspective of business leaders on what drives the integration of a country as part of their global value chain? What are the main drivers for private investment, growth, and job creation in that context, and how does that depend on the value chain considered? How can new trade and competitiveness policies support GVCs to have the greatest effect on company decision-making? Closing Remarks (5:30pm – 5:40pm) Jin-Yong Cai, IFC Executive Vice President and Chief Executive Officer, The World Bank Group Cocktail reception (6:00pm onwards) FUNDING FOR THE CONFERENCE PROVIDED BY: Day 2 | Wednesday, October 15 Deep-dives on work in progress related to the themes raised during the conference Breakfast (8:30am – 9:00am) Deep-dive 1 – Manufacturing in South Asia (9:00am – 10:00am) Presentations Subramanian and Amirapu (2014), Manufacturing Versus Services: An Indian Illustration of Moderator Themes a Development Dilemma (forthcoming), presented by Amrit Amirapu (Ph.D. Candidate, Economics, Boston University); Manufacturing in Pakistan: A business perspective on the way forward, by Mohsin Khalid (Executive Director, Ittehad Steel Group) Onno Ruhl (Country Director, India, WBG) Few combinations of sector and region combine the importance and the challenges of manufacturing in South Asia. The region’s demographic boom makes job creation (at a rate of 1 million per month) ever more important, but the sector – historically a key source of employment in the transition to middle-income – is much smaller than in other regions at a similar stage of development. What is holding it back? What is the balance between regional and country-specific factors? What are the success stories, and what can be learned from? Competitive Cities Deep-dive 2 – Parallel sessions (10:15am – 11:15am) Making Skills Programs Work Stefano Negri, Austin Kilroy & Megha Mukim (Trade and Competitiveness Global Practice, WBG) Aashish Mehta (University of California-Santa Barbara), Amit Dar (Director, Education Global Practice, WBG) How can cities generate more jobs? Since January 2014, a multi-Practice team in the World Bank Group has been assembling evidence to support WBG task teams responding to cities’ needs. The session will: Review key questions from WBG clients: “what have other cities done to achieve job creation?”; “how can better determine priorities?”; “how do I get it done?” Present intermediate findings on each area, focusing on: pilot engagement in Johannesburg; global findings about city success; and the role of local governments in China. Skills are a defining factor for competitiveness, and greater human capital is perhaps the most positive-sum route to reducing inequality, and hence sharing prosperity. Yet firms tend to under-provide training, while skills programs are among the most difficult to deliver in practice. Such market and government failures persist globally, but in a few cases, new cooperation models seem to have worked. Under what conditions? What role have different institutions (firms, unions, government) played? How have they been better integrated in practice? Deep-dive 3 – Parallel sessions (11:30am – 12:30pm) Climate Change and Growth Strategies Towards an integrated WBG Tourism Solution Alexios Pantelias (Trade and Competitiveness, WBG), Thomas Kerr (Climate Change Cross-Cutting Solution Area, WBG); Jigar Shah (Executive Director, IIP) John Perrottet (Trade and Competitiveness Global Practice, WBG), TBC: 1-2 other speakers New growth strategies can’t be decouple from the risks and opportunities presented by climate change. As mentioned by Jim Kim, this new reality in the growth agenda will shape our next development challenge. Recent reports found a number of key climate compatible policies would lead to global GDP gains of between $1.8tn and $2.6tn a year by 2030. The challenge is that climate change requires a global agenda and commitment to ensure an even playing field. This session will focus on the challenge climate change poses to growth strategies, policies that can address both challenges of ensuring growth and mitigating climate change, and examples of countries and circumstances where this is being done. Tourism accounts for over 9% of world GDP, 1 out of 11 jobs, and 6% of exports of least developed countries, and created 4.7 million additional jobs in 2013. This explains increasing demand from WBG clients to build their tourism industries, through public infrastructure, mobilized private sector investment, improved regulation and product offerings, skills building and development of new markets. The reorganization of the WBG provides the opportunity to define a new, integrated offer responding more comprehensively and systematically to the diverse and increasingly sophisticated needs of the tourism industry, while ensuring positive outcomes for local communities. This builds on the “Tourism Meeting of the Minds” event earlier this year. FUNDING FOR THE CONFERENCE PROVIDED BY: