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After the Crash: Australia in the world ten years on from the GFC

25 October 2018
6:30pm - 7:45pm
Lower Town Hall, Sydney Town Hall

 

Kevin Rudd, Ken Henry, Richard Holden and Andrew Charlton

 

Ten years after the biggest financial upheaval since the Great Depression, much has changed, but many of the features of financial systems that lead to the crisis remain in place.

 

Australia is widely seen as having weathered the GFC better than any other developed country, and having escaped the Great Recession that followed.

 

What are the factors behind Australia’s success in this regard?

 

Taking a unique look behind the scenes of Australia’s response to the GFC with the political and financial leaders of the time, the event will also explore the long term impact of the crisis and what its effects are today.

Speakers
Kevin Rudd

Kevin Rudd

Kevin Rudd served as Australia’s 26th Prime Minister (2007-2010, 2013) and Foreign Minister (2010-2012). Kevin successfully led the Australian Labor Party to victory in the 2007 federal election after 11 years of in Opposition. While in office, Kevin’s government set into motion major reforms in domestic policy areas such as health, education, industrial relations, social security and infrastructure.  He led Australia’s response to the Global Financial Crisis, reviewed by the IMF as the most effective stimulus strategy of all major economies. Australia was the only major developed economy not to go into recession. On 13 February 2008, Kevin delivered the National Apology to the Stolen Generations in Australia and committed to ‘closing the gap’ between Indigenous and non-Indigenous Australians. Currently, Kevin serves as President of the Asia Society Policy Institute in New York, a “think-do tank” dedicated to second track diplomacy to assist governments and business on policy challenges within Asia, and between Asia, the US and the West. He is also Chair of the International Commission on Multilateralism and Chair of the Board of International Peace Institute's Board of Directors.

Ken Henry

Ken Henry

Ken Henry AC is an Australian economist and public servant. He served as the Secretary of the Department of the Treasury from 2001 to 2011, first appointed by Liberal Party Treasurer Peter Costello in April 2001, reappointed by Costello in 2006, and retained by the Rudd government. He chaired the Australia's Future Tax System Review, informally known as the Henry Tax Review, that was published in 2010. He retired in March 2011, and on 1 June 2011 was appointed as Special Advisor to the Prime Minister.Henry is currently the Chairman of the National Australia Bank, the Australian Securities Exchange (ASX) and Sir Roland Wilson Foundation at the Australian National University.

Richard Holden

Richard Holden

Richard Holden is Professor of Economics at UNSW Business School and an Australian Research Council Future Fellow from 2013-2017. He is a fellow of the Econometric Society and a fellow of the Academy of Social Sciences in Australia. Professor Holden is currently editor of the Journal of Law and Economics, academic co-lead of the UNSW Grand Challenge on Inequality, and is the founding director of the Herbert Smith Freehills Initiative on Law & Economics at UNSW. He has been a Visiting Professor of Economics at the Harvard Economics Department, the MIT Department of Economics and Visiting Professor of Law at the University of Chicago Law School. His research has been featured in press articles in such outlets as: The New York Times, The Financial Times, the New Republic, and the Daily Kos.

Andrew Charlton

Andrew Charlton

Andrew Charlton is a founder and Director of strategy consulting and advisory firm AlphaBeta. After commencing his career with the Boston Consulting Group he received a Doctorate and Masters in Economics from the University of Oxford, where he studied as a Rhodes Scholar. From 2008-2010, through the period of the global financial crisis, he served as senior economic advisor to the Prime Minister of Australia and Australia’s senior government official to the G20 economic summits. His academic research covering international economics, trade and development has been published in leading international journals including the American Economic Review, World Trade Review and World Economy. He is the author of two books, Ozonomics (2007) and Fair Trade for All (2005), co-written with Nobel laureate Joseph Stiglitz and the influential Quarterly Essay Dragon’s Tail: The Lucky Country After the China Boom. In 2011 he was named a Young Global Leader by the World Economic Forum.