Global economic growth is slowing because excess capacity in China and tens of millions of unoccupied apartments are leading to reduced imports of machine tools and copper.
450 Cityfront Plaza
NOTE ON PARKING
300 East Illinois Street (AMC Theater-River East Self Park Garage)
$8.00 after 3:00 pm on weekdays and all day Saturday and Sunday for a 12-hour period
Garage: Self Park Facility
Payment: Automated; at pay-stations by cash or credit card or upon exit pay by credit card only.
To receive discounted rate: There is a card validator at the first floor security desk of the Gleacher Center. You will only need to insert your parking card in the validator and the new price will be automatically applied. When you leave the lot you will be charged for the lower $8.00 fee.
Garage is located next to PJ Clarks and below the AMC Theater.
a) When traveling east on Illinois cross over Columbus and enter the Garage on the left (north) side of the street
b) If driving west on Grand (north of Theater), you can enter the garage ½ block before Columbus on the left (south) side of the street.
Global economic growth is slowing, in part because massive excess capacity in industry in China and tens of millions of unoccupied apartments are leading to reduced imports of machine tools and copper and other primary products. Germany and its neighbors have extraordinarily large trade surpluses. Taiwan, Singapore and Malaysia have even larger trade surpluses as a share of their GDPs. The European Central Bank under the leadership of its former chair has promoted the development of negative interest rates, in part to reduce the price of the Euro and sustain the large trade surpluses. The counterpart of these trade surpluses in Europe and Asia is a U.S. trade deficit of four percent of U.S. GDP, which has contributed to a U.S. fiscal deficit that is approaching five percent of U.S. GDP. These imbalances are likely to increase as growth slows. If the imbalances are too large to be sustained, they won't be sustained. What's it all mean to the world economy? Come to the year's kickoff of the International Roundtable for the always provocative views of Dr. Aliber.
6:00 pm – 6:30 pm networking
6:30 pm – 8:00 pm presentation
8:00 pm – 9:00 pm cash bar at The Midway Club at Gleacher Center
Questions/Concerns/Suggestions for Speakers? Contact the Leadership Team
Karl L. Buschmann
847 310 0412
312 607 0889
773 702 0783
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6:00 PM-6:30 PM: networking
6:30 PM-8:00 PM: presentation
8:00 PM-9:00 PM: cash bar at The Midway Club at Gleacher Center
Robert Z. Aliber (Speaker)
Professor of International Economics and Finance Emeritus, Chicago Booth.
Robert Aliber joined the faculty of the Graduate School of Business of the University of Chicago in 1965 and left the classroom in 2004 as professor of International Economics and Finance Emeritus. Aliber has been the Houblon-Norman Fellow at the Bank of England, the Bundesbank professor at the Free University of Berlin, the JPMorgan Prize Fellow at the American Academy of Berlin, and a visiting scholar at the Woodrow Wilson Center for Scholars in Washington. He has been a visiting professor at the Amos Tuck School of Dartmouth College, the London Business School, Williams College, and Brandeis University.
Aliber has written extensively about the prices of currencies, international investment flows, banking issues, the multinational firm, international monetary arrangements, and financial crises. His first book The Future of the Dollar as an International Currency was published in 1966 (Praeger). The Management of the Dollar in International Finance (Princeton University Press) was published in 1967, the first edition of The International Money Game (Basic Books) appeared in 1973, and the seventh edition now titled The New International Money Game (Palgrave) was published in 2012. The Multinational Paradigm (MIT Press) appeared in 1992. Aliber inherited Manias, Panics, and Crashes (Palgrave) from Charles Kindleberger, who had brought out the first four editions; he brought out the fifth edition in 2005 and the sixth edition in 2011. He has also written two different books on personal finance with the title Your Money and Your Life; the first appeared in 1983 (Basic Books) and the second in 2011 (Stanford University Press). He was the co-editor with George P. Shultz of Guidelines, Informal Controls, and the Market Place (University of Chicago Press) in 1967. Aliber has written extensively about the financial crisis in Iceland and co-edited Prelude to the Icelandic Financial Crisis (Palgrave, 2011) with Gyfli Zoega.
His current research focus is the identification of the source of shocks that have led to the large variability in the prices of currencies, bonds, stocks, real estate, and commodities since the early 1970s. These shocks have led to more than forty banking crises, which have been largely overlapping with currency crises. The Great Recession of 2009 resulted from the banking crisis of 2008.
Karl L. Buschmann
Co-chair International Roundtable
NEED FOR CO-CHAIRS
The Leadership Team is expanding. Karl Buschmann, Sheryl Jiang, and Sophia Kholodenko welcome inquiries from Booth alumni who would like to get more involved in running the Roundtable.
--Programming: identifying interesting topics and securing speakers
--Administration: writing publicity, publicizing events through the University and roundtable email distribution list channels, and coordinating with the Alumni Office
NEW OFFERING: LITERATURE TABLE
Networking is a key benefit of attending. To that end, a table will be made available for literature and handouts. Bring your business cards, brochures, handbills, literature, resumes, and publicity for placement on the table.
CHICAGOLAND INTERNATIONAL BUSINESS EVENTS
The Illinois International Business Calendar is one of the comprehensive lists of events in the Chicago area. For a free PDF copy, send an inquiry to email@example.com. The calendar can also be viewed at www.itagc.org.>