Dear students of CIFE’s Master in Global Governance
Welcome aboard and congratulations for joining the upcoming Cife’s Global Risk & Governance Seminar that will tackle socio-economic and financial turbulences coupled with governance issues. The seminar is organized in three modules, namely in Roma in mid-November, three sessions in Berlin in February, and last but not least in Nice in May, including a roundtable with high-caliber colleagues in the field of global risk and governance, together with your director Arnaud Leconte.
The year 2023 has witnessed a spectacular increase in the number and complexity of country risk turbulences often related to the aftermath of the global sanitary crisis, Russia’s war in Ukraine, and China’s rising global ambitions. In many countries, the turmoil has been exacerbated by institutional weaknesses.
OECD countries also face tough and multifaceted challenges, including inflation and mounting debt in the short term, as well as budgetary and institutional threats in the long run. Country Risk, clearly, is no longer a
monopoly of emerging market countries. Whatever your future professional trajectory, global risk assessment will be a key ingredient of your successful career.
The 2023-24 seminar incorporatesseveral key features: a book published by Palgrave-McMillan: “Country Risk in an Age of Globalization”; a March 2021 article published by the Journal of Risk Management FI; a CIFE research paper published by NOMOS at end-2023, a number of background documents; more than a dozen quizzes that will help you checking your understanding before, during and after each session; a dozen MOOC-based videos, and 20 seminar-driven PPT files on CIFE’s platform as well as on DEFI; a thorough debt crisis case study: Solvencia for those of you who are not familiar with macro-economic and financial analysis. This year, balance of payments and debt issues will be tackled in Berlin by Prof. Milad Zarin on February 12-14, 2024.
During the seminar, you will work in 5/6 groups of 4/5 students. In order to get off on the right foot, you will prepare a succinct two-page synthesis of two among 17 preliminary documents (list attached and available on
MS Teams and on DEFI), to be sent to CIFE by October 30, 2023.(will be graded with +1/-1 full point) Over the four-day seminar in Roma, you will keep a close eye on market volatility, political news, governance issues, economic policy challenges, and other types of country turmoil, to participate in lively, well focused, discussions. You will also start preparing a succinct cross-country comparison report focused on governance issues to be submitted in the aftermath of the seminar, end-May. The topic of your report will be defined during the Roma seminar.
Everything that is useful for participating in the seminar is available on https://www.developingfinance.org/, on UDEMY’s MOOC: https://www.udemy.com/course/country-risk-in-
the-age-of-global-turbulences/learn/lecture/11307180#overview and on "CIFE MS Teams". Give it a glance right away! Indeed, the first session of the seminar starts with a warming up Quiz.
Looking forward to seeing you shortly
Required Preliminary readings
- Authoritarian vs Democracy Growth
- Acemoglu 2021 Post Covid World
- LARRY SUMMERS Secular stagnation
- Poverty and Corruption IMF Sept 2018
- Big government is back. How will we pay for it
- Martin Wolf & Summers Bigger is worse APRIL
- Bouchet CIFE IMF is calling for urgent debt reduction for developing nations
- Distressed Debt FT
- Democracy Report 2022 (Executive Summary)
- IMF- Acemoglu_RootCauses
- Executive Summary WEF_Global_Risks_Report
- Financing Peace and Stability
- Bouchet Great Collapse CIFE
- GREAT COLLAPSE Russia-Ukraine 2024
- 2022 China’s information vacuum
- IMF 2023 WEO
- What Is Sovereign Debt
- Why Napoleon still matters
SEMINAR COURSES
- Introduction CIFE SEMINAR ROMA Q4-2023
- What is risk about 2023-24
- Academic approaches to global risk 2023-24
- What is Country Risk all about 2023-24
- Global risk and wealth gap 2023-24
- Country Risk Economic Intelligence 2024
- Balance of Payments- Current account 2023-24
- Country risk and Debt crisis 2024
- Debt restructuring negotiations 2024 SHORT