161st mBank-CASE seminar: Turning away from globalization? Trade wars and the rules of competition in global trade: Implications for the EU and Poland
mBank and CASE – Center for Social and Economic Research
cordially invite you to:
the 161st mBank – CASE Seminar:
Turning away from globalization? Trade wars and the rules of competition in global trade: Implications for the EU and Poland
Prof. Jan J. Michałek – University of Warsaw, Faculty of Economic Sciences
Dr. Przemysław Woźniak – European Commission, Directorate‑General for Economic and Financial Affairs (DG EcFin)
The seminar will take place on September 19, 2019 from 3:00 to 5:00 pm
at mBank S.A. head office, Senatorska 18, room 5.3, 5th floor, Warsaw
About the seminar:
The trade war between the U.S. and China began in March 2018. The American side raised import duties on aluminum and steel from China, which were later extended to other countries, including Canada, Mexico and the EU member states. This drew a negative reaction from those countries and bilateral negotiations with the U.S. In June 2018 America, referring to Section 301 of its 1974 Trade Act, raised tariffs to 25% on 818 groups of products imported from China, arguing that the tariff increase was a response to years of theft of American intellectual property and dishonest trade practices, which has caused the U.S. trade deficit.
Further escalation in tariffs by both sides is taking place gradually, and threatens serious consequences for all of global trade. Will this trade war mean the collapse of the multilateral trading system and a transition to bilateral relationships? What are the possibilities for increasing tariffs in light of World Trade Organization rules? Can the conflict be resolved using the WTO dispute-resolution mechanism? What are the consequences of the trade war for American consumers and producers, and for suppliers from other countries? How high will tariffs climb as a result of a global trade war? How far can trade volumes and GDP fall if the worst-case scenario comes to pass? Professor Jan J. Michałek will address these questions in his appearance at the September mBank-CASE Seminar. Commentary on Professor Michałek’s presentation will be presented by Dr. Przemysław Woźniak.
Language of the seminar: Polish
Prof. Dr. hab. Jan J. Michałek is a graduate of the Faculty of Economic Sciences (econometrics) of the University of Warsaw and the College of Europe in Belgium. In the early 1990s he worked at the Polish delegation to the WTO. He is the author of several dozen articles and three books on trade policy, European integration and empirical analysis of international trade. Since the end of the 1970s Professor Michałek has lectured at the University of Warsaw’s Faculty of Economic Sciences, where he has served as dean since 2012.
Dr. Przemysław Woźniak is a graduate of the Faculty of Economic Sciences of the University of Warsaw, and of the University of Arizona and Georgetown University in the U.S. Since 2011 he has been an economist in the European Commission’s Directorate‑General for Economic and Financial Affairs (DG EcFin), in the department for eurozone forecasting and analysis. He also works on the global economy and international trade from the perspective of the eurozone. In 1996-2011 Dr. Woźniak was an economist at CASE, the Center for Social and Economic Research, serving on the foundation’s Council from 2004-2013. He specializes in issues related to inflation, macroeconomic policy (monetary and exchange-rate policy) and questions of the economic transformation of countries in Central and Eastern Europe and the former Yugoslavia.
Photo: Flickr, Kevin Smith, Attribution 2.0 Generic (CC BY 2.0)