2022年5月5日星期四

OBORRI Webinar: International Economic Trends - Post Pandemic

 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

20190319: Chu Hai College Public Talk on Uzbekistan: On the Reform Path - https://qualityalchemist.blogspot.com/2019/03/chu-hai-college-public-talk-on.html


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