Global Economy Lecture 2024
02 October 2024 4:00 pm CEST
Rethinking Ricardo: Environmental Comparative Advantage and the Environmental Gains from Trade
In cooperation with:
Oesterreichische Nationalbank (OeNB)
Venue
Oesterreichische Nationalbank (OeNB)
Otto-Wagner-Platz 3
1090 Vienna
'Veranstaltungssaal' (ground floor)
or Online via Webex
Join us by registering by September 23, 2024, at the latest.
Description
Ralph Ossa argues that it is crucial to embrace international trade in the fight against climate change. The main point is that specialisation according to environmental comparative advantage brings about large environmental gains from trade, just like specialisation according to economic comparative advantage brings about large economic gains from trade. However, the environmental gains from trade do not materialize naturally as the outcome of market forces but need to be unlocked by government action designed to internalize environmental externalities.
Programme
Speaker
Ralph Ossa
Chief Economist and Director
Economic Research and Statistics Division
World Trade Organization
Introduction
Robert Holzmann
Governor
Oesterreichische Nationalbank
Chair
Robert Stehrer
Scientific Director
The Vienna Institute for International Economic Studies (wiiw)
Chief Economist and Director Economic Research and Statistics Division World Trade Organization
Ralph Ossa is Chief Economist and Director of the Economic Research and Statistics Division at the World Trade Organization. He joined the World Trade Organization after a distinguished career in academia with appointments at Princeton University, the University of Chicago, and the University of Zurich. Professor Ossa's research focuses on international economics with a particular emphasis on questions of policy relevance. For example, he has explored the economics of trade wars and trade talks and estimated how much countries gain from international trade. He holds a PhD in economics from the London School of Economics.
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