Report on the XIII World Congress of the International Economic Association

Lisbon, Portugal , 9-13 September 2002

The opening session was addressed by the President of the Republic of Portugal, HE Senhor Jorge Sampaio and by the newly-appointed Minister of Finance, HE Senhor Manuela Ferreira Leite.

The IEA President, Professor Robert M. Solow delivered a paper: “Is Fiscal Policy Possible? Is it Desirable?”

The IEA is most grateful to the Portuguese Economic Association, the Banco de Portugal, the Caixa Geral de Depositos, the European Commission, the Gulbenkian Foundation, the Portugal Telecom and other sources in Portugal who generously agreed to ensure most of the funding of the Congress.

Generous subsidies from Unesco, the World Bank and the European Commission and international organisations…

The main themes of the congress were:

1. The past and future of the European Union
2. The role of foreign direct investment and the regulation of multinational corporations in economic development
3. Social expenditure income differentials and growth
4. The relation between structural reforms and macroeconomic policy

The five days congress program consisted of:

1. The opening session was delivered by Robert Solow, President of the International Economic Association: “Is Fiscal Policy Possible? Is it Desirable?”. His Excellency the President of the Republic of Portugal addressed and welcomed the congress participants.

2. Twenty lectures were delivered.

Contributors to these invited lectures included

Romano Prodi, President of the European Commission
Nicholas Stern, Chief Economist at the World Bank “Meeting the Challenge of Monterey”
Ernst Fehr, University of Zurich, “Human Nature and Social Interaction- When do Deviations from Homo Oeconomicus Matter?”
William Easterly, Center for Global Development “The Elusive Quest for Growth”
Murray Leibbrandt, University of Cape Town, “What have we learnt about Contemporary South Africa from a small Household Panel Study?”
Takatoshi Ito, University of Tokyo, “Debt, Deflation and Declining Growth: New Challenges of the Japanese Economy”
David Canning, University of Belfast, “Geography and Poverty Traps”
Edmond Malinvaud , INSEE, Paris, “Structural Reforms addressed to the Labour Market and Macroeconomic Policies”
Jean Tirole, IDEI, Toulouse, “Psychology and Economics”
Gilles Saint Paul, IDEI , Toulouse, “Thoughts on Business Cycle Fluctuations and the Timing of Structural Reforms”
Hans Gersbach, University of Heidelberg, “Structural reforms and the Macroeconomy: the Role of General Equilibrium Effects”
Alan Deardorff, University of Michigan, “The Past and the Future of the European Union”
Arjan Lejour and Richard Nahuis, CPB Netherlands Bureau for Economic Policy Analysis, “The Costs and Benefits of the EU Enlargement: An analysis of the Internal Market and Structural Funds”
Michel Boldrin, University of Minnesota, “EU and Enlargement and Economic Growth”
E.M. Graham, Institute for International Economics, “Foreign Direct Investment; its effects on Economic Growth and Host Country Policy”
Ercan Uygur, University of Ankara, “The two-tier Crises in Turkey and the Aftermath”
Victor Becker, University of Buenos-Aires, “Economics as Science, a Discussion of some Methodological Issues”
Oded Stark, University of Bonn & University of Vienna, “Overlapping”
Jose de Gregorio, Bank of Chile, “The Role of Direct Foreign Investment and Natural Resources in Economic Development”
Ashoka Mody, International Monetary Fund, “Is Foreign Direct Investment Integrating the World?”

1. One special invited session organised by the Global Development Network on “Growth in Developing and Transition Countries”

Djavad Salehi-Isfahani, Virginia Tech and Sergei Guriev, New Economics School, Moscow
Hadi Salehi Esfahani, University of Illinois and Micael Castanheira, ECARES, Brussels
Janet Mitchell, National Bank of Belgium and Stepan Jurajda, CERGEI, Prague
Jongil Kim, Dongguk University, Seoul and Charles Soludo, African Institute for Applied Economics, Enugu, Nigeria

2. One special invited session organised by the European Development Research Network on “Poverty Dynamics and Insurance”

Johannes Jitting – Center for Development Research, Bonn
Pramilla Krishnan – Cambridge University
Jan Willem Gunning – Free University of Amsterdam
Stefan Dercon, Oxford University

3. Fifty four parallel sessions with 200 contributed papers covering all areas of economics

The scientific preparation of the congress was placed under the responsibility of the IEA President, Professor Robert Solow, who was assisted by an international Program Committee composed of 30 members.

As a result of this Congress, the plenary lectures and invited papers have been/ will be published in four volumes by Palgrave:

The Past, Present and Future of the EU, edited by Alan Deardorff (Palgrave 2004)

Structural Reform and Economic Policy edited by Robert M. Solow (Palgrave 2004)

The Cognitive and Psychological Aspects of Economic Behaviour edited by Bina Agarwal and Alessandro Vercelli – to be published

Foreign Investment and Economic Development edited by Edward (‘Monte’) Graham – to be published

Other events organised were

Saturday 7 September: meeting of the IEA Retiring Executive Committee
Sunday 8 September: 18th meeting of the IEA Council, election of the 2002-2005 IEA Executive Committee
Monday 9 September: Welcoming Reception at the Maritime Museum
Tuesday 10 September: meeting of the new elected IEA Executive Committee
Thursday 12 September: Concert by the Gulbenkian Orchestra
Friday 13 September: Closing Diner Gala

The Centre for Research on Globalisation and Labour Markets (GLM), based at the University of Nottingham in the UK, hosted a conference on the theme of “Globalisation and Labour Markets” in July 2000.