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Next year marks the 10th anniversary of the Global Financial Crisis. In 2008 the banks in Australia wobbled, the economy stalled, unemployment rose and the Government acted. The GFC demonstrated a failure of trickle-down economics.
Ten year later, with rising populism, it is clearer now more than ever that we need a replacement to the neo-liberal economic order.
What are the lessons learnt from the GFC that we can use to build a new economic agenda to address inequality and inclusive growth.
Rt. Hon. Ed Balls PC
UK Shadow Chancellor of the Exchequer (2011-15)
UK Minister for Financial Services (2006-07)
Chief Economic Advisor to the UK Treasury (1997-2004)
Ed Balls is Senior Fellow at the Harvard Kennedy School, Visiting Professor at King’s College London and Chairman of Norwich City Football Club.
He was UK Shadow Chancellor of the Exchequer (2011-15) and served in the UK Cabinet as Secretary of State for Children, Schools and Families. He was the UK Minister for Financial Services (2006-07) and the Chief Economic Adviser to the UK Treasury (1997-2004) during which time he was Chair of the IMFC Deputies and UK G20 Deputy. While Shadow Chancellor he was co-Chair with Larry Summers of the Center for American Progress Inclusive Prosperity Commission.
He was a Teaching Fellow in the Department of Economics, Harvard University (1989-90) and a leader writer and columnist at the Financial Times. (1990-94). Ed studied economics at Keble College, Oxford and the Kennedy School of Government (MPA) where he was a Kennedy Scholar.
Hon. Wayne Swan MP
Member of the Australian House of Representatives
Federal Treasurer (2007 -2013)
Deputy Prime Minister (2010-2013)
Wayne Swan served as Treasurer of Australia for nearly six years, including three years as Deputy Prime Minister.
He was one of the longest serving finance ministers in the G20 and recognised as a leading contributor.
Mr Swan was awarded Euromoney Finance Minister of the Year in 2011 for his stewardship of the Australian economy during the GFC.
He is the author of The Good Fight: Six Years, two prime ministers and staring down the Great Recession (2014). Mr Swan also co-authored a report on Inclusive Prosperity, commissioned by the Center for American Progress.
In 2015, he attended the UN General Assembly as a member of the Australian delegation. During this time, Mr Swan was a Senior Fellow at Yale University’s Institute for Global Affairs.
He published a report on Financing for Development for the United Nations Social and Economic Commission in the Asia Pacific (UN-ESCAP) and chairs their Eminent Expert Group (EEG) on Tax Policy and Public Expenditure Management for Sustainable Development.
Mr Swan was re-elected the Federal Member for Lilley for the eighth time in 2016.