New Normal for the World Economy: The End of Booming Growth? Yaroslav Lissovolik's Economic Seminar

On August 23, 2017, the Valdai Discussion Club held an economic seminar, titled “New Normal for the World Economy: The End of Booming Growth?”

Economic growth is becoming increasingly hard to attain. In this environment, the heavyweights of the global economy like China and the US are competing for talent and high-skilled professionals from around the world. The countries' economic policy is geared towards achieving higher growth, with industrial policy taking on greater prominence. The Russian economy is faced with the same challenges and seeks to discover new growth points.     

In the end, the path to success is seen through the prism of the quality and not just the quantity of economic growth. We will explore the economic pathways for the Russian economy, including the key international factors affecting its growth performance, such as commodity price dynamics and international capital flows. We will also debate the issues of what an optimal model of economic modernization for Russia is: Should the government prioritize macroeconomic stability or accord greater importance to boosting economic growth? These are some of the issues that the Valdai Club will discuss at the next economic seminar.


  • Yaroslav Lissovolik, Programme Director of the Valdai Discussion Club, Chief economist of the Eurasian Development Bank


  • Igor Makarov, Associate Professor, Faculty of World Economy and International Affairs, Higher School of Economics, Senior Research Fellow Centre for Comprehensive European and International Studies (CCEIS), HSE.

  • Natalia Orlova, Chief Economist, Alfa Bank

Working languages: English


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