Webinar named “International Economic Trends -
Post Pandemic” was organized by One Belt One Road Research Institute (OBORRI),
Chu Hai College of Higher Education on 5th May 2022. Prof. Rogach
Oleksandr was the first guest speaker and his topic named “Current Trends in
Global MNE’s Investments: Post Pandemic”. Firstly, he briefed the multinational
enterprises (MNEs) revolutionized world economy (Globalization) in the
mid-1980s.
Then he mentioned the MNE’s investments which separated
from “Before Pandemic”, “Amid Pandemic” and “After Pandemic”. Top 10 major FDI
recipients in 2019 and 2020 were discussed.
After that Prof. Oleksandr discussed the
important risks in 2022 such as new waves of Covid-19, geopolitical tensions,
bottlenecks of labour (supply chain) and inflation, etc. Then he introduced the
three key technology for new industrial revolution (NIR) that were
robotics-enabled automation, supply chain digitalization and additive
manufacturing.
Finally,
he concluded the three determinants would tend to favour one of four
trajectories and some trends from 2022-2023 showed as follows .
-
MNEs will consider locations of FDI
outside of the main business cities
-
MNEs (namely manufacturers) will shorten
their supply chain risk.
-
MNEs will further reshore their activities.
-
MNEs will prefer a smaller project sizes.
The second speaker was Prof. Alexander Pidchosa
(Associate Professor, OBOR Research Institute, Chu Hai College & Taras
Shevchenko National University of Kyiv, Ukraine) and his topic entitled “Global
Trade in Commodities: Is the Commodities Supercycle Accelerating?”
Firstly, he explained the relationship between commodities
and inflation. Then he discussed the monthly Producer Price Index (PPI) from
2019 to 2022 to explain more about recent commodities supercycle.
After that Prof. Pidchosa introduced some cases for
explanation such as key petrochemicals demand growing. He said commodity prices
are subject to increase due to the more complicated routes; difficulties in
ports; search for alternative ways of transportation; increasing fuel prices;
and introducing new environmental standards for sea transport.
Lastly, Prof. Pidchosa concluded that the
commodities supercycle would only accelerate in the near future.
Reference:
OBORRI
- https://www.chuhai.edu.hk/node/1794
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