Past Event

Inclusive growth: global and European lessons for Spain

Can manufacturing still be a driver for inclusive growth around the world? What European and national policies can foster inclusive growth in Europe? What is the situation in Spain and what can Spain learn from the global and European experiences?

Date: May 31, 2017, 12:30 pm Topic: European Macroeconomics & Governance

Video recording

Event materials

Robert Lawrence – presentation

Zsolt Darvas presentation

On 31 May Bruegel organised an event in Madrid that aimed to take global, European and national perspectives to discuss the policy-relevant social and economic aspects of inclusive growth. The event was hosted by Fundacion ICO and supported by funding from the Mastercard Center for Inclusive Growth.

In his keynote lecture Professor Robert Lawrence from the Harvard Kennedy School took a global perspective to assess whether manufacturing can still be a driver of inclusive growth. While manufacturing has traditionally allowed workers without advanced degrees to earn middle class incomes, the share of manufacturing jobs has plunged in advanced countries, as well as not increasing sufficiently in emerging economies. This deindustrialization has arguably produced populist political reactions like Brexit and the election of Donald Trump. What are the structural forces that link manufacturing employment to inclusive economic growth in advanced and emerging economies?

A European perspective was provided by Zsolt Darvas from Bruegel. With only seven percent of the world’s people but about half of its welfare payments, the European Union’s levels of inequality and absolute poverty are low in a global context. Nevertheless EU faces major social challenges and there are large differences between EU countries. Unemployment remains high in a number of member states, while the intergenerational divide between the young and the old has widened. Social mobility is weak, in particular in the more unequal economies of southern Europe, limiting opportunities for the children of poor and disadvantaged families. What European and national policies should foster inclusive growth?

The two presentations were followed by a Spanish perspective from Federico Steinberg (El Cano Royal Institute) and a corporate perspective by Alejandra Kindelan (BBVA).

Schedule

May 31, 2017

12:30-12:40

Welcome and introduction

Cristina Cabrera, Director, Fundación ICO

12:40-13:00

Keynote speech: Can manufacturing still be a driver of inclusive growth?

Robert Lawrence, Albert L. Williams Professor of International Trade and Investment at Harvard Kennedy School and Senior Fellow at the MasterCard Center

13:00-13:20

Presentation: Inclusive growth in Europe

Zsolt Darvas, Senior Fellow

13:20-13:30

Spanish perspective

Federico Steinberg, Senior Analyst, Elcano Royal Institute

Additional speakers to be confirmed

13:30-13:40

Corporate perspective

Alejandra Kindelán, Head of Economic Research and Public Policy, Banco Santander

13:40-14:15

Q&A

14:15-14:45

Lunch

Speakers

Cristina Cabrera

Director, Fundación ICO

Zsolt Darvas

Senior Fellow

Maria Demertzis

Deputy Director

Alejandra Kindelán

Head of Economic Research and Public Policy, Banco Santander

Robert Lawrence

Albert L. Williams Professor of International Trade and Investment at Harvard Kennedy School and Senior Fellow at the MasterCard Center

Federico Steinberg

Senior Analyst, Elcano Royal Institute

Location & Contact

Calle Los Madrazo 36-38 Madrid

Matilda Sevon

matilda.sevon@bruegel.org

Read article Download PDF More on this topic More by this author

External Publication

Examining interrelation between global and national income inequalities

The author contributed to the new issue of 'The Russian Journal of Economics' with a paper on the global dimension of the inequality trends

By: Marek Dabrowski Topic: Global Economics & Governance Date: November 15, 2018
Read article Download PDF More on this topic

Blueprint

Distributional effects of climate policies

The distributional consequences are likely to be a major driver of future climate policies. Policymakers will not accept forceful decarbonisation policies if they lead to visibly increasing inequality within their societies. The distributive effects of climate policies need to be addressed. This report provides a selective review of recent academic literature and experience on the distributional effects of climate policies.

By: Grégory Claeys, Gustav Fredriksson and Georg Zachmann Topic: Energy & Climate Date: November 14, 2018
Read article More on this topic More by this author

Blog Post

Inequality in China

After amply discussing income inequality in Europe and the US, economists are now looking at the magnitude, implications and possible remedies for this phenomenon in the context of the Chinese economy.

By: Silvia Merler Topic: Global Economics & Governance Date: September 24, 2018
Read about event

Past Event

Past Event

Bruegel Annual Meetings 2018

The 2018 Annual Meetings will be held on 3-4 September and will feature sessions on European and global economic governance, as well as finance, energy and innovation.

Speakers: Maria Åsenius, Richard E. Baldwin, Carl Bildt, Barbara Botos, Maria Demertzis, Benjamin Denis, Lowri Evans, Mariya Gabriel, Svend E. Hougaard Jensen, Joanne Kellermann, Jörg Kukies, Emmanuel Lagarrigue, Philippe Lespinard, Rachel Lomax, Dominique Moïsi, Jean Pierre Mustier, Ana Palacio, Jean Pisani-Ferry, Lucrezia Reichlin, Norbert Röttgen, André Sapir, Johan Van Overtveldt, Martin Sandbu, Margrethe Vestager, Reinhilde Veugelers, Nicolas Véron, Thomas Wieser, Guntram B. Wolff and Georg Zachmann Topic: Energy & Climate, European Macroeconomics & Governance, Finance & Financial Regulation, Global Economics & Governance, Innovation & Competition Policy Location: Brussels Comic Strip Museum, Rue des Sables 20, 1000 Brussels Date: September 3, 2018
Read article

Parliamentary Testimony

European Parliament

The role of independent expertise in legislative process

Testimony before the European Parliament Committee on the Internal Market and Consumer Protection (IMCO).

By: Zsolt Darvas and J. Scott Marcus Topic: European Macroeconomics & Governance, European Parliament, Testimonies Date: July 18, 2018
Read about event More on this topic

Past Event

Past Event

Should we revisit the patent system for pharmaceutical products?

Analysis of the legal issues with the current IP system for regulated market authorisations for pharmaceutical products, as well as its economic effects.

Speakers: Arno Hartmann, Christian Jervelund, Margaret K. Kyle, Roberto Romandini, Bruno van Pottelsberghe, Amaryllis Verhoeven and Reinhilde Veugelers Topic: Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: July 9, 2018
Read article More on this topic More by this author

Blog Post

EU income inequality decline: Views from an income shares perspective

Over the past decade, the income share of low earners has increased in the EU while that of top earners has slightly declined. Although the upward convergence of the impoverished central European population is impressive, the southern European poor have faced a major setback while the southern European rich have hardly suffered.

By: Zsolt Darvas Topic: European Macroeconomics & Governance Date: July 5, 2018
Read about event More on this topic

Past Event

Past Event

Trade war trinity: analysis of global consequences

Analysis of the long-term impact of the trade war and its three key players: EU, US, and China.

Speakers: Alicia García-Herrero, Ignasi Guardans and Carl B Hamilton Topic: Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 28, 2018
Read about event More on this topic

Past Event

Past Event

Euro tragedy: a drama in nine acts

This event featured a presentation by Ashoka Mody of his new book, which argues that the Euro is at the root of the problems the European Union faces today.

Speakers: Maria Demertzis, Ashoka Mody and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 27, 2018
Read about event More on this topic

Past Event

Past Event

EU-LAC Economic Forum 2018

The second edition of the EU-LAC Economic Forum, a high level gathering for in-depth research-based exchanges on economic issues between European, Latin American and Caribbean (LAC) policy makers and experts.

Speakers: Angel Badillo, Federico Bonaglia, Maria Demertzis, Sylvie Durán, Guillermo Fernández de Soto, Alicia García-Herrero, Elisa Grafulla, Gonzalo Gutiérrez, Bert Hoffmann, Juan Jung, Emilio Lamo de Espinosa, Carlos Malamud, J. Scott Marcus, Neven Mimica, Fabio Nasarre de Letosa, Detlef Nolte, Anne Sperschneider and Guntram B. Wolff Topic: Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 26, 2018
Read about event More on this topic

Past Event

Past Event

For a stronger and more integrated Europe

This event will feature the presentation of the Economic Survey of the European Union 2018 and Economic Survey of the Euro Area 2018.

Speakers: Angel Gurría, Zsolt Darvas, Pierre Beynet and Aida Caldera-Sanchez Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 19, 2018
Read about event More on this topic

Past Event

Past Event

What next for banking union?

This event will discuss the future of Banking Union.

Speakers: Maria Demertzis, Philipp Hildebrand and Guntram B. Wolff Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 8, 2018
Load more posts