from the systemic US/China relationship to a clash of blocs”? » The economic and political letter of PACA
By Laurent ESTACHY, Professor of geo-economics at KEDGE Business School.
Even though several measures in favor of purchasing power are becoming effective this fall and INSEE has just announced the slowdown in inflation, unheard of since 1995, Laurent Estachy, professor of geo-economics at KEDGE Business School, questions the political causes of the current inflation.
Laurent Estachy assumes that the root causes of current inflationary pressures are geopolitical in nature. According to this observation, a global perspective of the major geostrategic issues between the United States and its allies in the Western world on the one hand, and China and Russia on the other hand, is then not only necessary but unavoidable. The monetary and budgetary responses put in place in particular in the United States must be placed in this geostrategic context. They constitute developments, by their scope, which have not been seen since the Second World War.
The professor evokes the possibility of replacing the rise in inflationary pressures on goods and services observed in 2021 and 2022 within the framework of the systemic relations (economic, commercial, financial, etc.) that have developed between the United States and China from of the early 1980s.
Moreover, the invasion of Ukraine by Russia in February 2022, against the background of a “new type” of relations between Russia and China, does it also call into question the phenomena of economic and financial globalization of the past 40 years?
Laurent Estachy will shed light on the occasion of a conference on Wednesday September 14 from 7 to 9 pm, on the Paris campus of KEDGE Business School (40 Avenue des Terroirs de France – 75012 Paris) for its graduates. The conference is broadcast live. Requests for accreditation to participate or view the conference are made by return mail.
Inflation in 2022, the geopolitical hypothesis: “1979-2022: from the systemic United States/China relationship to a clash of blocs? »
About KEDGE Business School:
KEDGE Business School is a benchmark French management school present on 4 campuses in France (Paris, Bordeaux, Marseille and Toulon), 4 abroad (2 in China in Shanghai and Suzhou, and 2 in Africa in Dakar and Abidjan) and 3 associated campuses (Avignon, Bastia and Bayonne). The KEDGE community is made up of 14,800 students (including 23% foreign students), 207 permanent professors (including 43% international), 300 international academic partners and 75,000 graduates throughout the world. KEDGE offers 38 training courses in management and design for students and professionals, and deploys tailor-made training courses for companies at national and international level. 2020, KEDGE has since created its own Apprentice Training Center. Member of the Conférence des Grandes Ecoles and accredited by AACSB, EQUIS and AMBA, labeled EESPIG and certified by Qualiopi, KEDGE Business School is an institution recognized by the French State, with targeted programs. KEDGE is ranked by the Financial Times as the 40th best Business School in Europe and 45th worldwide for its Executive MBA.
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