Harvard Economist Alesina Speaks at BAU

The International Atlantic Economic Society is bringing together academics and economists from around the world in Istanbul. Harvard University economist Alberto Alesina also gave a talk at the conference and panels hosted by Bahçeşehir University.

 

The Bahçeşehir University Faculty of Economics and Administrative Sciences is hosting the 73rd International Atlantic Economic Conference (IAES). At the conference, chaired by economist Alberto Alesina of Harvard University and Reinhard Neck of the University of Klagenfurt, economists from the international arena are meeting in Istanbul to discuss new approaches developed internationally. Experts, economists and academics from Türkiye, led by Central Bank Deputy Governor Turalay Kenç, are also attending the conference, which brings together experts from nearly fifty countries.
 

The opening speech of the conference was given by Bahçeşehir University President Prof. Dr. Şenay Yalçın. Stating that they were greatly honored to host one of the world's most important economics conferences in Istanbul, the center of the world, and at Bahçeşehir University, located in the heart of Istanbul, Yalçın said: "At the 73rd International Conference organized by the Atlantic Economic Society and hosted by Bahçeşehir University, where the world economy will be examined, the economic dimensions of globalization will be discussed. I would like to thank the more than 300 economists and participants from over 40 countries attending this summit for being with us and sharing their knowledge and ideas.

 

Today, it is impossible not to be affected by the globalization that dominates the world economy and its economic repercussions. In the increasing and deepening competitive environment of the new world, thinking and acting globally has become extremely important. It is clear that every financial crisis in the Eurozone and the US will lead to many problems on a global scale, from stability to investment, from exports to growth, from production to consumption, from budgets to savings, and from inflation to per capita income and current accounts.

 

I believe that a more balanced transformation will take place through the internalization, in other words the assimilation, of global developments with local dynamics. The experience the Turkish economy has gained from past crises, its crisis management skills, its vitality, its flexibility and its ability to withstand difficulties have a positive impact on this process. Our strong brands and companies in every sector have the potential to enter new markets. We also hold an important position in the region in terms of the manufacturing sector. In this respect, it is meaningful that Türkiye has become a center of attraction for global companies." Yalçın added: "Since the crisis of 2001 and the reforms that followed, Türkiye's growth performance has been improving. At a time when the world economy is struggling with successive crises, I am pleased that such a conference with distinguished participants is being held in our country, which has a relatively stronger economy."

 

ALESINA SPOKE ON "CULTURE AND DEVELOPMENT"

 

In the afternoon panel,Harvard University economist Alberto Alesinagave a talk on Culture and Development.

 

The conference will continue on 28–31 March at the Bahçeşehir University Beşiktaş campus.