How do we respond to uncertainties that crises create? Are they holding us back in investing, hiring and innovating? Or can crises make us more agile and resilient, perhaps even more creative and inventive? How do we balance risks and opportunities? And what might that mean for productivity?
The combination of the COVID-19 pandemic, Brexit and the renewed level of geopolitical uncertainty from the war in Ukraine will upset our economies, businesses, jobs and living standards for years to come.
Host Bart van Ark is joined by three experts in economic and business forecasting to discuss how global political and economic uncertainty affects productivity and what we can do to respond.
- Jagjit Chadha, Director, National Institute of Economic and Social Research
- Rain Newton-Smith, Chief Economist, Confederation of British Industry
- Paul Mizen, Professor of Monetary Economics, University of Nottingham
For more information on the topic:
- The Bank of England’s Decision Maker Panel
- NIESR, The Economic Costs of the Russia-Ukraine Conflict, 2 March 2022
- CBI, The Economic Impact of Crisis in Ukraine, 14 March 2022
- Edoardo Palombo, Uncertainty, Intangible Capital, and Productivity Dynamics, Queen Mary, University of London, 2020
- Dario Caldra and Matteo Iacoviello, Measuring Geopolitical Risk, AER, 2022.
- Joseph McCann and John W. Selsky, Being Purposeful in Turbulent Environments, People and Strategy, 2012, pp.28-34.
About Productivity Puzzles:
Productivity Puzzles is sponsored by Capita and brought to you by The Productivity Institute, a research body involving nine academic institutions across the UK, eight Regional Productivity Forums throughout the nation, and a national independent Productivity Commission to advise policy makers at all levels of government. It’s funded by the Economic and Social Research Council.
Join Bart van Ark, Professor of Productivity Studies at the University of Manchester, and the managing director of The Productivity Institute as he brings you discussions with leading minds from the UK and abroad about how to improve productivity for almost everything: from health care to car manufacturing, at national and regional levels, for business and for your own personal productivity.
This podcast series investigates why UK productivity is lower than in many other countries and why are there such large differences in productivity across and within the regions and devolved nations. We’ll also get the best insights from research on smart policies and effective business practices to increase productivity and find out how this will drive prosperity, wellbeing and inclusive sustainable growth.
Productivity Puzzles is brought to you by The Productivity Institute, a research project involving nine academic institutions across the UK, eight regional productivity forums throughout the nation, and a national independent Productivity Commission to advise policy makers at all levels of government.
Find out more about at www.productivity.ac.uk
The Productivity Institute is funded by the Economic and Social Research Council. To find out more, visit: https://esrc.ukri.org/about-us/strategy-and-priorities/productivity/