Future Global Shocks Series

College of Social Sciences, University of Glasgow

How can we make our economy more resilient? Lessons from the Pandemic

Advanced Research Centre , University of Glasgow

<h2>E﻿VENT POSTPONED DUE TO THE STATE FUNERAL </h2><h2>OF H.M. THE QUEEN</h2><h2>Rescheduled date will be advertised in due course</h2>We live in an era of global shocks. The seismic waves of the 2007/8 financial crash, the devastating impact of climate change, Brexit and the Covid 19 pandemic have rapidly changed the very fabric of our economies, public services, communities, civil liberties and environment. Our political discourse has changed dramatically too with an erosion of trust and the rise in policy making that is more populist than evidence based.A key challenge for any modern democracy is how to prepare for ever-present global shocks, to build greater resilience into our economy and society, to tackle inequalities and to rebuild trust in how decisions are made. Over the course of the autumn of 2022, the University of Glasgow will bring together a range of expertise, experience and propositions to contribute to the necessary discussion on current and future resilience in responding to Global Shocks. This lecture series aims to consider what more we must do as a society to prepare our systems and networks, as well as policy and system relationships, to respond with resilience to the major global challenges we face: from economic crises and an aging population; to future health pandemics and protecting human rights.Each 90-minute event will bring together prominent experts to give their perspective on the global shocks and what they have learnt in their respective fields. Each event will follow a similar format with the 15-minute presentations followed by a 45 minute Q&amp;A to be chaired by former Scottish Government Cabinet Secretaries, Jeane Freeman and Michael Russell, which will facilitate discussion and potentially inform future policy development.

The COVID-19 pandemic led to the sharpest fall in economic activity in living memory. Policies to support the economy and business were made-up virtually overnight. In the end, many – such as the furlough scheme – proved remarkably successful. Others less so.In partnership with the <a href="https://acss.org.uk/campaign-for-social-science/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Campaign for Social Sciences</a> and as part of the <a href="https://www.gla.ac.uk/research/arc/arcadia/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">ARCadia Fesitval of Ideas</a>, our first event on September 19th will consider questions such as:<ul><li>How might we build resilience into our economic model to better cope with shocks? For example, is our model of reliance upon global supply chains etc. robust enough?</li><li> As part of that economic fallout, the pandemic widened inequalities across all economies. How can the incomes of individuals and households be supported during such a shock? </li><li> Are our social security systems flexible enough to be able to provide help for those temporarily deprived of work or those already unemployed?</li></ul>

With contributions from: Professor Richard Davies, Bristol University and Director of the UK's Economics ObservatoryJeane Freeman OBE, former Cabinet Secretary for Health and Sport in the Scottish GovernmentProfessor Sir Anton Muscatelli, Principal and Vice-Chancellor, University of GlasgowProfessor Graeme Roy, Dean of External Engagement, University of GlasgowProfessor Michael Russell, former Cabinet Secretary for Government Business and Constitutional Relations of Scotland in the Scottish GovernmentProfessor Linda Yueh, Fellow in Economics, Oxford University and Adjunct Professor of Economics, London Business School

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Future Global Shocks Series

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