Roubini : The Keys to Continuity | NOURIEL ROUBINI BLOG

Monday, May 30, 2016

Roubini : The Keys to Continuity

2016 Philippines Business & Investment Forum Panelists: Cesar V. Purisima, Philippine Secretary of Finance Nouriel Roubini, Chairman & Chief Economist, Roubini Global Economics Amb. Jose E.B. Antonio, Chairman & CEO, Century Properties Group, Inc. Arsenio M. Balisacan, Chairman, Philippine Competition Commission Moderator: Elena Popina, Bloomberg news Overview: This panel overview video summarises highlights of this high profile debate on the Philippines' short and medium term socio-economic development, with particular reference to upcoming elections. The Philippines has gone from being known as the “sick man” of Asia to the region’s stellar performer, lauded by international investors and analysts as one of the most promising countries for future growth and investment; this success has been attributed to the market-friendly reforms implemented by the administration of President Benigno Aquino III. However, investors are averse to uncertainty of any kind, and particularly of the political variety. In the case of the Philippines, they are concerned that the outcome of the May 2016 general elections could lead to a rollback of these market-friendly reforms. Doubts about the electoral result have already led to a drop in foreign investment this year. But beyond the upcoming elections, the long term leadership relies on the country’s development being driven by private sector leaders.

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

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Nouriel Roubini, (born March 29, 1958, Istanbul, Turkey), Turkish-born American economist and educator who was best known for predicting the 2007–08 subprime mortgage crisis in the United States and the subsequent global financial crisis.

Born to Iranian Jewish parents, Roubini moved with his family to Iran and Israel before they settled in Italy in 1962. After a year at Hebrew University of Jerusalem, he studied economics at Bocconi University in Milan (B.A., 1982) and Harvard University (Ph.D., 1988), where he specialized in macroeconomics and international economics. He joined the economics faculty at Yale University in 1988 and taught there until 1995, when he moved to New York University. He also served as a visiting scholar to the International Monetary Fund (IMF), was a research associate with the National Bureau of Economic Research (NBER), held single-year terms on the White House Council of Economic Advisers (1998–99) and at the U.S. Department of the Treasury (1999–2000), and cofounded (2004) the consulting firm Roubini Global Economics. Roubini spent much of his early career studying countries that experienced extreme economic failures, such as Mexico (in 1994), Thailand and other countries associated with the 1997 Asian financial crisis, Russia (1998), and Argentina (2000). He determined that each shared one common element: a massive current account deficit.(www.britannica.com)

Nouriel Roubini is the Chairman and CEO of Roubini Macro Associates, LLC, his own global macroeconomic consultancy firm. He is also a professor of economics at New York University’s Stern School of Business. Dr. Roubini has extensive policy experience as well as broad academic credentials. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises, among other issues. The International Monetary Fund, the World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise.