Per Jacobsson Lecture: Joined at the Hip: Why Continued Globalization Offers Us the Best Chance of Addressing Climate Change

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DATE: October 15, 2022

DAY: Saturday

1:00 PM - 2:00 PM

LOCATION: IMF HQ1 Atrium (HQ1-1-700)

WATCH THE WEBCAST HERE - October 15, 2022


Most policymakers realize the urgency of combating the existential threat of climate change. Yet the same policymakers seem much more sanguine about the ongoing de-globalization, which is occurring through a combination of old fashioned protectionism and emerging geo–political concerns. Some believe we can compartmentalize action on the climate, shielding it from the hostility that increasingly characterizes economic relations between even friendly countries today. This is a pipe dream. Not just politically but also economically, continued growth of cross-border flows of trade, capital, technology, information, and people—how the speaker defines globalization—is essential to tackle climate change. Climate action and continued globalization are joined at the hip.

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Per Jacobsson Lecture: Joined at the Hip: Why Continued Globalization Offers Us the Best Chance of Addressing Climate Change


Moderator: Guillermo Ortiz

Guillermo Ortiz Guillermo Ortiz is Senior Advisor and Board Member of BTG Pactual. Former Chairman of BTG Pactual Latam ex-Brazil. He was Chairman of the Board of Grupo Financiero Banorte. Dr. Ortiz is Chairman of the Per Jacobsson Foundation, and a member of several international organizations. He also serves in the Board of several companies. He was Governor of Banco de Mexico (1998-2009), Minister of Finance of Mexico (1994-1997) and Secretary of Communications and Transportation (1994). In 2006 he was appointed to the Board of the BIS and was elected Chairman in 2009. He was also Executive Director at the IMF (1984-1988). Mr. Ortiz earned a BA degree in Economics from UNAM and a PhD in Economics from Stanford University.

Speaker: Raghuram Rajan

Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School. He was the Governor of the Reserve Bank of India between 2013 and 2016, Vice-Chairman of the Board of the Bank for International Settlements (2015-16) and Chief Economist at the International Monetary Fund (2003-2006).

Dr. Rajan’s research interests are in banking, corporate finance, and economic development. His book Fault Lines won the Financial Times prize for best business book in 2010 and his most recent book, The Third Pillar: How Markets and the State hold the Community Behind , was a finalist for the award in 2019.

Dr. Rajan was the President of the American Finance Association (AFA) and is a member of the American Academy of Arts and Sciences. He received the AFA’s inaugural Fischer Black Prize in 2003, the Deutsche Bank Prize for financial economics in 2013, Euromoney magazine’s Central Banker of the Year award in 2014, and The Banker magazine's Global Central Banker award in 2016.

Rajan is Senior Economic Advisor to BDT Capital, a Managing Director at Andersen, and a member of the governing board of KREA University, the Economic Advisory Panel Federal Reserve Bank of New York and of the IMF Managing Director’s External Advisory Group.