Research Seminar Series - Professor John Struthers
Are the policies of “Trickle Down” Economics compatible with “Levelling Up” in the UK?
Wednesday 26th October 2022 - 1pm to 2pm
This is an Online Event. Please register here to get access to the link.
The recent UK “Mini-Budget” has highlighted the conflicts and trade-offs inherent in macroeconomic policy making. This presentation will discuss some of these trade-offs including inter alia: fiscal and monetary policy interactions; open economy effects such as on the exchange rate and subsequent impact on interest rates; financial market responses; future prospects for government expenditure and borrowing; and impact on economic growth and income distribution.
Professor Struthers will discuss these issues in the context of established economic theories including: the Laffer Curve; the Open Economy Trilemma Curve; and the Kuznets Curve which depicts income distribution trade-offs with economic growth. Discussion of these concepts will help to shed much needed light on the current challenges of managing the UK economy which have been described by many commentators as a “perfect storm” of crises!
Professor John Struthers is an experienced academic and economist with over 35 years working in a variety of universities in the UK and in Africa. He has worked in Nigeria and Sierra Leone and carried out research on Ghana and Ethiopia. He has extensive publications in a range of economics journals, principally in the field of development economics, especially on “soft” commodities such as coffee and cocoa. He has previously been a director of a leading Scottish Chamber of Commerce as well as a Local Enterprise Trust (both in Renfrewshire). He was also a member of Waterwatch Scotland, a water industry consumer body. He is a current member of the Westminster Africa Business Group in London. In academia he has been Dean of a Business Faculty at UWS, Head of Department of Economics and Enterprise, and founding Head of UWS Graduate School. In November 2015 he set up CAREED at UWS, a unique research centre which specialises in a range of key economic issues across the continent of Africa. For the last 10 or more years he has been researching, along with other UWS colleagues, in the area of commodity price volatility in developing countries. In this context he has collaborated with a number of UN organisations such as the FAO in Rome and UNCTAD in Geneva in the area of commodities research. His publications (some-co-authored) have appeared in the following journals: Development and Change; Journal of Energy and Development; Journal of Economic Studies; Journal of International Development; Oxford Development Studies, among others. His recent research has been funded by the British Academy. During 2015, he was appointed Honorary Consul for Ethiopia in Scotland. He has supervised 18 PhD students to completion, many of whom came from a variety of African countries and has been external examiner for more than 30 doctorates at several UK universities. He is also a Visiting Professor of Economics at the University of Glasgow within the Adam Smith Business School.