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Warwick Economics Summit

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Warwick Economics Summit
MottoJoin the Debate
FormationJanuary 2002; 17 years ago (2002-01)
TypeStudent-led Summit
PurposeEconomics and Public Policy, Debate
HeadquartersUniversity of Warwick, UK
Region served
Official language

The Warwick Economics Summit (WES) is one of the largest student-run economic conferences in Europe (cite). WES was first held in 2002 and is now in its 19th year of operations. The 19th edition will run from 1 to 3 February 2020.

The Warwick Economics Summit is held at the University of Warwick. Past speakers at WES have included 6 Nobel Laureates (in Economics and Peace), academics, politicians, journalists, heads of non-governmental organisations and supranational bodies like the UN, IMF, and the World Bank.

By 2018, the Summit has grown to host more than 500 delegates from 36 countries(cite) ; student delegations have come from universities including Harvard University, UCLA, Stanford University, McGill University, Sciences Po, ESADE, the London School of Economics, Oxford University, Cambridge University, Bocconi University, the University of Tokyo, National University of Singapore, Indian Institute of Technology Kanpur, among others.

(cite the above)

WES has gathered media attention over the years with coverage from outlets including The Wall Street Journal, Le Monde, Bloomberg, CNBC, the Independent and BBC. (cite)

Goal of the Summit[edit | edit source]

Warwick Economics Summit 2017

WES' mission is cited as "providing an international forum of ideas for the world's brightest students and most influential speakers. The event gives particular prominence to promoting constructive debate on issues of current significance and major economic, political, technological, and social developments.

The theme of the conference is chosen each year based on relevant news affairs and summit speakers. In recent years, topics have evolved from purely business and economics-focused to more universal in focus, as represented by the themes 'Globalisation and Development' (2003), <nowiki>'Concerns for the Future: Human Rights, Sustainability, and New Forms of Economic Governance' (2018), and 'Uncertainty and Populism' (2019)

Past Speakers to WES[edit | edit source]

In previous incantations, the Summit has hosted speakers including:

Angela Kane WES.jpg
Lionel Zinsou at WES 2017

Student Delegations[edit | edit source]

In 2001, the Warwick Economics Summit was attended by roughly 170 students. By 2019, the Summit hosted more than 500 delegates from 36 countries. (cite)

Past student delegations include universities in the UK (LSE, Oxford, Cambridge), the US (Harvard, UCLA, Harvard, Princeton, Stanford), France (Sciences Po), Spain (ESADE), Italy (Bocconi University), Sweden, Russia, Japan, Nigeria, and India, among others.

Student Delegations WES 2019

History of the Summit[edit | edit source]

In 2015, WES introduced a new initiative, "Meet the Speakers" session, where WES invites delegates to sit in a round table discussion with their speaker of choice.

The 15th Warwick Economics Summit, held in 2016, welcomed the fourth Nobel Laureate in Economics, Sir James Mirrlees, Professor of Political Economy at the University of Cambridge.

WES 2016 Speakers included:

  • Dr. Sam Potolicchio, Director of Global and Custom Education at Georgetown and the Distinguished Professor and Department Chair of Global Leadership Studies at the Russian Presidential Academy
  • Jean-François Copé, former Minister of the Budget for the French Government and mayor of Meaux and a member of parliament at the French National Assembly
  • Michael Møller, Director-General of the United Nations Office at Geneva.
  • Dr. Enrico Letta, former Prime Minister of Italy and Dean of the Paris School of International Affairs (PSIA) at Sciences Po
  • Sir James Mirrlees, Nobel Laureate in Economics and emeritus Professor of Political Economy at the University of Cambridge
  • Scott B. Sumner, Director of Monetary Policy at the Mercatus Center and Author of "The Money Illusion"
  • Gabriela Ramos, OECD Chief of Staff and Sherpa to the G20, advising the Secretary-General since 2006

WES 2017: Economics and Political Power Entangled[edit | edit source]

WES 2017 speakers included:

  • Dr. Stanley Fischer, Vice Chairman of the Federal Reserve and former Governor of the Bank of Israel
  • Prof. Finn E. Kydland, recipient of the 2004 Nobel Prize in Economic Sciences for his contribution to the study of "time consistency of economic policy and the driving forces behind business cycles"
  • Martin Wolf CBE, Associate Editor and Chief Economics Commentator at the Financial Times and former member of the Independent Commission on Banking
  • Ann Pettifor, Director of Policy Research in Macroeconomics (PRIME)
  • Lionel Zinsou, Economist, former Prime Minister of Benin and current President of the think tank Terra Nova
  • Irene Guijt, Head of Research at Oxfam
  • Peter Wuffli, former Group CEO of UBS and current Chairman of the Elea Foundation

WES 2018: Concerns for the future: human rights, sustainability and new forms of economic governance[edit | edit source]

Tawakkol Karman made international headlines when she used the Summit as her platform to call out Saudi Arabia and the UAE for their separatist sentiments in Yemen. The Summit also saw its first address by an active head-of-state with Joseph Muscat, the then Prime Minister of Malta, joining the conference remotely via video-call.

WES 2018 Speakers included:

  • Prof. John B. Taylor, the founding father of the 'Taylor Rule' and professor of Economics at Stanford University
  • Mervyn King, Baron King of Lothbury, former Governor of the Bank of England
  • Tawakkol Karman, Nobel Peace Prize laureate, journalist and activist
  • Laurence Tubiana, CEO of the European Climate Foundation
  • Dame Barbara Stocking, former CEO of Oxfam and current President of the Murray Edwards College in Cambridge
  • Mario Monti, former Prime Minister of Italy and current President of Bocconi University
  • Cecilia Skingsley, Deputy Governor of the Swedish Central Bank, the Riksbank
  • Professor Guy Standing – Co-Founder of the Basic Income Earth Network.
  • Ian Cross – Medical Officer at Doctors Without Borders/MSF
  • Prof Wendy Carlin – Prof Economics UCL and Director of CORE Project

WES 2019: 18th Economics Summit: Uncertainty the focus of the conversation[edit | edit source]

In 2019 WES welcomed some of its most high-profile speakers including Maurice Obstfeld, former Chief Economist at the IMF, Rachel Glennerster, Chief Economist at the Department for International Development, Andrés Velasco, former Finance Minister of Chile, and Guðni Th. Jóhannesson, President of Iceland.

2019 Speakers included:

  • Prof. Andrés Velasco – Dean of School of Public Policy (LSE) and Former Finance Minister of Chile
  • Guðni Th. Jóhannesson – President of Iceland
  • Christos Stylianides – European Commissioner for Humanitarian Aid and Civil Protection (Crisis Management)
  • Angela Kane – Former UN High Representative for Disarmament Affairs
  • Prof. Maurice Obstfeld – Former Chief Economist at the IMF (2015–2018) and Professor of Economics, University of California, Berkeley.
  • Prof Andrea Sironi – Chairman of Borsa Italiana (Italian Stock Exchange)
  • Lord Andrew Lansley CBE – Former Secretary of State for Health
  • Prof Linda Yueh – Adjunct Professor of Economics at London Business School, Fellow in Economics, Oxford University
  • Sir John Holmes CBE – Chair of the UK Electoral Commission
  • Benny Dembitzer – Managing Director of Grassroots Africa
  • Dr Sharon Weill – Associate Professor at Sciences Po (International Law)
  • Prof. Joaquín Almunia – Former Vice-President of the European Commission
  • Dr Rachel Glennerster – Chief Economist at the Department for International Development

Programme and Sessions[edit | edit source]

The Warwick Economics Summit takes place during three days at the beginning of February The official program includes different kinds of sessions:

  • The main programme is a series of talks by the speakers, usually 40 minutes long with additional time included for Q&A.
  • Speaker Engagement Sessions are held immediately after the speaker finishes his/her talk, where a selected group of 20 students are invited into a special Q&A session to follow up on any topics of interest.
  • Seminar Sessions are interactive sessions that could be led by current students, faculty members or companies. The seminar sessions host a wide range of topics, from an interactive economics game to a policy-making lab. Past workshops have concerned topics including 'an evaluation of Microfinance' and the 'Cartel economy.'
  • Social Sessions enable participants to continue to engage in an informal dialogue beyond the official programme. For example, on one of the nights, WES host a black-tie ball event with a three-course dinner and an awards ceremony to celebrate the achievements of individual executive members and external summit ambassadors.

WES Presents[edit | edit source]

Alongside the main summit, WES hosts two separate annual 'WES Presents' speaker events. In 2019 WES hosted Kevin Rudd, former Prime Minister of Australia, and Professor Jagjit Chadha, Director of the National Institute of Economic and Social Research.

Location and Information about University of Warwick[edit | edit source]

The Warwick Economics Summit is held each year at the University of Warwick. The University of Warwick is a public research university founded in 1965 as part of a government initiative to expand higher education.

One of the biggest supporters of the Warwick Economics Summit is Warwick's Department of Economics, which is constantly ranked as one of the top Economics departments in the UK. The Department consistently ranks within the top five nationwide across a variety of respected university guides and was ranked #1 in the specialist subject table for Economics in The Times and The Sunday Times University League Tables for 2020 (cite to this https://warwick.ac.uk/fac/soc/economics/news/2019/9/ranked_1st_in_the_good_university_guide_2020/)

As of 2018, the Department encompasses approximately 1,200 undergraduates with roughly 330 postgraduates and an academic staff of 86, making it one of the largest at Warwick. It is also host to four research centres. These are the Warwick Economics Research Institute, the Centre for Competitive Advantage in the Global Economy, the Centre for Research in Economic Theory and its Applications and Decision Research at Warwick.

Press Coverage[edit | edit source]

Thanks to the high-profile speakers that have addressed the conference, WES has gathered significant media attention throughout the years. In the past, WES has attracted coverage from leading media outlets including The Wall Street Journal, Reuters, Le Monde, 'La Repubblica, The New Arab, Bloomberg, The Independent and CNBC.

2018[edit | edit source]

Reuters – Yemen Islamist Party Suspends membership of Nobel laureate Karman. Aziz El Yaakoubi and Sami Aboudi:[1]

The IndependentUK has responsibility for Yemen crisis after exporting weapons to Saudi Arabia, Nobel laureate says. Shehab Khan:[2]

Business Insider – Yemen Islamist Party Suspends membership of Nobel laureate Karman. Aziz El Yaakoubi and Sami Aboudi:[3]

US NewsYemen Islamist Party Suspends membership of Nobel laureate Karman. Aziz El Yaakoubi and Sami Aboudi:[4]

La RepubblicaLaurence Tubiana: sulle politiche climatiche l'Ue non fa abbastanza. Giulio Colazzo:[5]

EU News – Per Joseph Muscat l'austerita e la causa dei problemi economici dell'eurozona. Giulio Colazzo:[6]

Maghreb Emergent – Yemen: Tawakkol Karman suspendue par son parti apres avoir accuse l'Arabie saoudite et les Emirats de se comporter en occupants. Jean-Stephane Brosse:[7]

The New Arab – Saudis are occupiers, says Yemen's first female Nobel laureate Tawakkol Karman:[8]

The Telegraph (India) – Saudi slur backlash on Nobel laureate:[9]

Ahram Online – Yemen Islamist party suspends membership of Nobel laureate Tawakkol Karman. Aziz El Yaakoubi and Sami Aboudi:[10]

Arab TimesSaudis down missile – Iran accused :[11]

The Daily Star (Lebanon) – Air raid hits, destroys Yemen criminal investigative unit :[12]

2017[edit | edit source]

Reuters – Significant uncertainty' about fiscal policy under Trump: Fed's Fischer: Helen Reid and Abhinav Ramnarayan:[13]

The Wall Street JournalFed's Fischer Issues Warning on Bank Capital Requirements. Jason Douglas:[14]

Bloomberg – Fischer Says Fed Focused on Goals Amid Trump Policy Uncertainty. Lucy Meakin and Christopher Condon:[15]

ForbesFed's Fischer Forecasts That Trump Admin's Fiscal Policy Will Have No Effect At All. Tim Worstall:[16]

CNBC – Federal Reserve Vice Chair Stanley Fischer cites 'significant uncertainty' about fiscal policy under Trump:[17]

2016[edit | edit source]

The IndependentWarwick's international Economics Summit, led entirely by students, praised by former Italian PM Enrico Letta for being 'modern and creative'. Shehab Khan:[18]

2015[edit | edit source]

The Wall Street JournalECB'S Constâncio: QE Criticisms Not Well-Founded.: Jason Douglas:[19]

Reuters – Greece needs political deal with Europe to stop deposit outflows: Constancio. Jemima Kelly:[20]

Le MondeThe ECD worries about the hyper growth of shadow finance :[21]

FXStreet – Macro-prudential policies are key to cope with systemic risk – ECB's Constancio.[22]

Ofgem – Dermot Nolan at Warwick Economics Summit:[23]

2014[edit | edit source]

CNBC – Top economic events to February 20th.:[24]

2013[edit | edit source]

NASDAQ – UN Trade Official Is Skeptical US, EU Can Ink Trade Pact in Two Years-Supachai Panitchpakdi:[25]Martin Essex (February 18, 2013). "A Weak Pound and the Concept of Fairness". The Wall Street Journal.</ref>

The TelegraphExports can lead UK back to growth, says BoE's Martin Weale:[26]

Financial TimesMPC member sees 'no rebalancing progress:[27]

Bloomberg Businessweek – Pound Fall to Seven-Month Low as Weale Says Drop May Be Helpful:[28]

BBC News – Pound continues to weaken against dollar and euro:[29]

Harvard GazetteStudent to attend Warwick Economics Summit:[30]

2012[edit | edit source]

The TelegraphDebt crisis: as it happened – Adam Posen:[31]

Bloomberg – Posen Says He's 'Comfortable' With Bank of England's Inflation Forecasts:[32]

Reuters – BoE's monetary policy on the right track: Posen:[33]

PRLOG – University of Warwick gears up for the eleventh Warwick Economics Summit:[34]

Outside of the main summit, WES maintains the debate throughout the year via several key channels including active social-media accounts on Facebook [1], Youtube [2], and Instagram [3]. As of April 2019, the WES Facebook page is followed by over 9200 individuals, widening the scope of participation of the summit.

The Warwick Economics Summit also maintains an active blog site [4], which posts weekly op-ed pieces about current affairs in business, technology, global health, science, education, politics, as well as hosting interviews of summit speakers.

WES Organisation[edit | edit source]

The Summit is entirely run and organised by students from the University of Warwick, from the selection of the executive team to the logistics of the Summit week itself. The organisation is currently split into eight teams: Talks, Operations, Communications, External Relations, Social Events, Tech, Finance & Sponsorship, and Marketing.

External Links[edit | edit source]

Outside of the main summit, WES maintains the debate throughout the year via several key channels and via social-media. Official Website of the Warwick Economics Summit Official Youtube Channel of the Warwick Economics Summit Official Instagram Page for Warwick Economics Summit The W Economics Summit also maintains an active blog site [5], which posts weekly op-ed pieces about current affairs in business, technology, global health, science, education, politics, as well as hosting interviews of summit speakers. Warwick Economics Summit Blog

Outside of the main summit, WES maintains the debate throughout the year via several key channels including active social-media accounts on Facebook [6], Youtube [7], and Instagram [8]. As of April 2019, the WES Facebook page is followed by over 9200 individuals, widening the scope of participation of the summit.

References[edit | edit source]

  1. "Yemen Islamist party suspends membership of Nobel laureate Karman". Reuters. 4 February 2018.
  2. Shehab Khan (10 February 2018). "UK has responsibility for Yemen crisis after exporting weapons to Saudi Arabia, Nobel Laureate says". The Independent.
  3. http://uk.businessinsider.com/r-yemen-islamist-party-suspends-membership-of-nobel-laureate-karman-2018-2
  4. https://www.usnews.com/news/world/articles/2018-02-04/yemen-islamist-party-suspends-membership-of-nobel-laureate-karman
  5. http://www.repubblica.it/europa/2018/02/06/news/laurence_tubiana_sulle_politiche_climatiche_l_ue_non_fa_abbastanza-100486
  6. http://www.eunews.it/2018/02/05/joseph-muscat-austerita-eurozona/100434
  7. http://www.maghrebemergent.info/actualite/breves/fil-monde/85412-yemen-tawakkol-karman-suspendue-par-son-parti-apres-avoir-accuse-l-arabie-saoudite-et-les-emirats-de-se-comporter-en-occupants.html
  8. https://www.alaraby.co.uk/english/news/2018/2/5/saudis-are-occupiers-says-yemens-first-female-nobel-laureate
  9. https://www.telegraphindia.com/world/saudi-slur-backlash-on-nobel-laureate-206199
  10. http://english.ahram.org.eg/NewsContent/2/8/289463/World/Region/Yemen-Islamist-party-suspends-membership-of-Nobel-.aspx
  11. https://www.arabtimesonline.com/news/saudis-missile-iran-accused/
  12. http://www.dailystar.com.lb/News/Middle-East/2018/Feb-05/436860-air-raid-hits-destroys-yemen-criminal-investigations-unit.ashx
  13. http://www.reuters.com/article/us-usa-fed-fischer-idUSKBN15Q0G0
  14. https://www.wsj.com/articles/feds-fischer-issues-warning-on-bank-capital-requirements-1486818344
  15. https://www.bloomberg.com/news/articles/2017-02-11/fischer-says-fed-focused-on-goals-amid-trump-policy-uncertainty-iz1b6qxw
  16. https://www.forbes.com/sites/timworstall/2017/02/11/feds-fischer-forecasts-that-trump-admins-fiscal-policy-will-have-no-effect-at-all/#b9143c13e839 .
  17. http://www.cnbc.com/2017/02/11/federal-reserve-vice-chair-stanley-fischer-cites-significant-uncertainty-about-fiscal-policy-under-trump.html
  18. http://www.independent.co.uk/student/news/warwick-s-international-economics-summit-led-entirely-by-students-praised-by-former-italian-pm-a6864806.html
  19. http://blogs.wsj.com/economics/2015/02/13/ecbs-constancio-qe-criticisms-not-well-founded/
  20. http://www.reuters.com/article/us-ecb-constancio-greek-outflows-idUSKBN0LH28C20150213
  21. http://www.lemonde.fr/economie/article/2015/02/14/la-bce-s-inquiete-de-l-hypercroissance-de-la-finance-parallele_4576375_3234.html
  22. https://www.fxstreet.com/news/25d94ee1-4568-4b54-80ab-b3a867023e9d
  23. https://www.ofgem.gov.uk/publications-and-updates/dermot-nolan-warwick-economics-summit
  24. http://www.cnbc.com/id/101397583
  25. http://www.nasdaq.com/article/un-trade-official-is-skeptical-us-eu-can-ink-trade-pact-in-two-years-20130216-00014#ixzz2NSSdhPas
  26. http://www.telegraph.co.uk/finance/economics/9874144/Exports-can-lead-UK-back-to-growth-says-BoEs-Martin-Weale.html
  27. http://www.ft.com/cms/s/0/ae21ab56-7796-11e2-9e6e-00144feabdc0.html#axzz2PyJfvLTJ
  28. https://www.bloomberg.com/news/articles/2013-02-18/pound-falls-to-seven-month-low-after-weale-comments-on-exports
  29. http://www.bbc.co.uk/news/business-21496997
  30. http://news.harvard.edu/gazette/story/2012/02/student-to-attend-warwick-economics-summit/
  31. http://www.telegraph.co.uk/finance/debt-crisis-live/9087951/Debt-crisis-as-it-happened-February-17-2012.html
  32. http://www.bloomberg.com/news/2012-02-18/posen-says-he-s-comfortable-with-boe-s-inflation-forecasts.html
  33. http://uk.reuters.com/article/2012/02/17/uk-britain-boe-posen-idUKTRE81G1WS20120217
  34. http://www.prlog.org/11793504-university-of-warwick-gears-up-for-the-eleventh-warwick-economics-summit.html

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