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Transatlantic Dialogue

September 9 | 09:30 AM EDT | 15:30 CEST

Global economic uncertainty:

Managing the COVID-19 shock


Transatlantic Dialogue

Global economic uncertainty: Managing the COVID-19 shock

September 9, 2020 | 09:30 - 10:30 AM EDT | 15:30 - 16:30 CEST 

The findings of the Transformation Index BTI 2020 regarding economic transformation had already been bleak as they were. Insufficient economic performance on global average, paired with a looming debt crisis in many countries, was accompanied by only partially free and often unfair market and competitive conditions. This combination had left little hope that the socioeconomic marginalization of large portions of the population due to poverty and inequality could be overcome with any rapidity.

The economic and social fallout of the spread of COVID-19 thus hits many developing economies and emerging markets that are utterly unprepared to cope with such a major shock. Summarizing the social and economic effects of the pandemic and differentiating regionally, this session will provide an outlook on how the crisis in all probability will unfold economically in the months to come. Solution-oriented, it will outline the arsenal of countermeasures available to the international community in cushioning the blow and supporting developing countries to deal with the effects of the pandemic and the economic crisis.



Rolf J. Langhammer
Fellow and former Vice President
Kiel Institute for the World Economy

Carmen M. Reinhart
Vice President of Development Economics and World Bank Group Chief Economist
World Bank

Hauke Hartmann (Introduction)
Senior Expert, Bertelsmann Transformation Index
Bertelsmann Stiftung 


Anthony Silberfeld
Director, Transatlantic Relations
Bertelsmann Foundation


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Next Transatlantic Dialogue

Fragmentation and clientelism: Assessing the reform potential in Lebanon and Tunisia

September 24, 2020 | 10:00 - 11:00 AM EDT | 16:00 - 17:00 CEST

Lebanon and Tunisia are the only Arab countries that the Transformation Index BTI 2020 classifies as (highly) defective democracies. Still, institutional performance is rather deficient and the integrity of political decision-makers significantly compromised. With experts from Lebanon and Tunisia, we discuss how institutional gridlock can be overcome.


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Yannik John

Project Manager

Sustainable Social Market Economies


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