Summer Roundtable in Chicago, ILJuly 10-12, 2019
Trade and the Heartland: From Agriculture to Aviation
Recent rifts between major trading partners and the dysfunction in the global trade system have been highly disruptive to a wide range of industries that are dependent on a network of global suppliers and buyers. The private sector, as well as farming, are forced to adjust to new economic realities that may become permanent conditions. How taxing will this shift be to global economic growth? Who will become the new winners and losers? Meanwhile, governments in many parts of the world and at various levels are grappling with the rising cost of worsening demographic profiles. Entitlement spending has ballooned to become the biggest item on fiscal budgets in many public offices. New legislation in public finance and new solutions to a variety of funding gaps are desperately needed. In this context, will defined contribution plans assume greater roles in public sector pension systems? What can be done about the funding of infrastructure, whether they are new projects or upgrades to existing systems? Finally, if volatility persists in financial markets, what can be done to manage its effects? As more companies engage in share buybacks at lowered stock prices, what should investors and regulators watch for?