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Are oil prices heading towards $150 or $50?

Oil Price Volatility, Economic Impacts and Risk Management in Asia

Wednesday, June 4, 2008

As oil prices remain high and global financial turbulence worsens, the world economy faces heightened risks and uncertainty. High and volatile oil prices threaten economies of oil-exporting and oil-importing developing countries in very different ways, and pose long term challenges to poverty, inequality, social stability and environmental sustainability. Policymakers the world over are looking for information and analysis on oil-price dynamics as well as instruments for risk management.

In response to client demand, the World Bank Institute (WBI) and George Washington University (GWU) jointly organized a global finance forum in Washington DC during March 10-11 2008.  The forum attracted 118 participants, included vice ministers, deputy governors and parliamentarians from oil importing and exporting countries, central bankers and officials from finance and energy ministries, Executive Directors and World Bank/IMF staff, as well as practitioners from the development community. It received intensive media coverage and was widely regarded as a timely event with top-notch speakers and the most up-to-date content. 

To discuss and address this urgent global issue and make the rich content of the Washington forum accessible to more people in the East Asia Pacific region, WBI and the Tokyo Development Learning Center (TDLC), in cooperation with the Institute of Energy Economics, Japan, (IEEJ) will jointly offer a GDLN blended learning program starting with a full day videoconference on June 4, 2008.

Objectives:
• To better understand the driving forces of oil-price volatility, their impact on the global economy, and price outlook in the next 15-20 years;
• To raise awareness on policy options to mitigate the risks using financial market instruments.

Sessions:

  1. High and volatile oil prices: Impact on capital flows and the global economy
  2.               Panelists: Dr. Ken Koyama, Director and Board Member,Strategy and Industry Research Unit, IEEJ                         Dr. Robert Weiner, George Washington University
  3. Looking into the future: Are High and Volatile Oil Prices Here to Stay?
  4.               Pre-taped interviews with:                         Guy Caruso, Administrator, US Energy Information Administration (EIA)                         Jim Burkhard, Managing Director, Cambridge Energy Research Associates                         Yasser Mufti, Head of the Energy Outlook Group, Saudi Aramco                         Atchana W. Waiquamdee, Deputy Governor, Bank of Thailand
  5. What is to be done?  Policy options to cope with oil price volatility
  6.               Speaker: Wolfgang Fengler, Senior Economist, World Bank Jakarta Office, Indonesia

*Please see attached program for details.

Who should attend?
• Government officials from Emerging Market economies in East Asia
• Executives from energy-intensive sectors and financial institutions and
• Sector analysts, researchers, and practitioners from the development community.

Participation Fee (for Jun 4th 6-hour VC session)

 

Participants from Japan

: 30,000 yen.
Please find the payment options on the program Moodle website.

Participants from developing countries:

US $100.00 in local currencies.
Please check with the local GDLN Center and make payment locally.

The fee includes all learning materials, a CD ROM, lunch and coffee, and covers the technical cost of videoconference. 

Course Directors: Yan Wang (WBI), Robert Weiner (George Washington University)
Co-Directors: Jiping Zhang, Eiko Wataya (TDLC)
Program Assistant: .(JavaScript must be enabled to view this email address) (TDLC)

This program uses Moodle as its learning management system.

Partner(s)

World Bank Institute

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Locations & Times

 

Bangkok 8:00 - 15:00

Chulalongkorn University - e-Learning Room, 3rd Floor, Thailand Center of Academic Resources DLC
.(JavaScript must be enabled to view this email address),
.(JavaScript must be enabled to view this email address)

Beijing 9:00 - 16:00

Beijing Distance Learning Center (within the World Bank Office, Beijing)
.(JavaScript must be enabled to view this email address)

Jakarta 8:00 - 15:00

University of Indonesia Distance Learning Center
.(JavaScript must be enabled to view this email address)

Manila 9:00 - 16:00

Asian Institute of Management (AIM) WB Distance Resource Center
.(JavaScript must be enabled to view this email address)

Tokyo 10:00 - 17:00

Tokyo Development Learning Center,
.(JavaScript must be enabled to view this email address)

Washington DC 21:00 -  (June 3rd)

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Language(s)

English/Japanese simultaneous translation will be provided

Partner(s)

World Bank Institute

Program Categories:

Others

Macroeconomics & Fiscal Management

Program Regions

East Asia and the Pacific

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