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Global Economic Forum

June 30–01, 2014 San Antonio Branch

This two-day event for university faculty and secondary educators examined the phenomenon of globalization and its continual impact on the U.S. economy.

This year’s event included a tour of the Toyota auto plant for GEF attendees. The forum also looked at a new way of examining the U.S. trade deficit.

One of the highlights was the videoconferencing collaboration among the Federal Reserve Banks. This year the Federal Reserve Banks of Atlanta, Birmingham Branch, Boston, Cleveland, Dallas, Kansas City and St. Louis participated.

Agenda

Monday, June 30

8 a.m.

Registration & Continental Breakfast

8:15 a.m.

Welcome
Blake Hastings
Vice President in Charge, San Antonio Branch
Federal Reserve Bank of Dallas

8:30 a.m.

The Geography of the North American Auto Industry
Tom Klier
Senior Economist and Research Advisor
Federal Reserve Bank of Chicago

9:45 a.m.

Reinterpreting the U.S.-China Manufacturing Trade Deficit
Janet Koech
Assistant Economist
Federal Reserve Bank of Dallas

10:30 a.m.

Trip to Toyota

11 a.m.

Video and Overview of Toyota Operations in the U.S.

Noon

Plant Tour (first group)
Box Lunch and Presentation: Accounting for International Trade (second group)
Balance of Payments
Princeton Williams
Economic Education Program Coordinator
Federal Reserve Bank of Dallas

1:30 p.m.

Plant Tour (second group)
Box Lunch and Presentation: Accounting for International Trade (first group)
Balance of Payments
Princeton Williams

3 p.m.

Applying Today’s Sessions to Classroom Instruction
Princeton Williams

3:30 p.m.

Adjourn

Tuesday, July 1

8 a.m.

Continental Breakfast

8:30 a.m.

Videoconference Segment
Welcome
Jennifer Ransom
Project Manager
Federal Reserve Bank of Cleveland

8:45 a.m.

Overview of International Trade
Owen Humpage
Senior Economic Advisor
Federal Reserve Bank of Cleveland

9:45 a.m.

The Great Trade Collapse and Rebound: A State-by-State View
Cletus C. Coughlin
Senior Vice President and Policy Adviser to the President
Federal Reserve Bank of St. Louis

11:15 a.m.

America’s Assets and Liabilities in a Global Economy
Mark Wynne
Vice President, Associate Director of Research and Director of the Globalization and Monetary Policy Institute
Federal Reserve Bank of Dallas

12:45 p.m.

Monetary Policy and Globalization
Craig Hakkio
Senior Vice President and Special Advisor on Economic Policy
Federal Reserve Bank of Kansas City

2 p.m.

Foreign-Owned Operations in the U.S.: The Changing Role of Unions
Anne Macy
Gene Edwards Professor of Finance
West Texas A&M University at Canyon

3 p.m.

Applying Today’s Sessions to Classroom Instruction
Princeton Williams

3:30 p.m.

Adjourn

Related Reading in Dallas Fed Publications

“Value-Added Data Recast the U.S.–China Trade Deficit,” Economic Letter, July 2013.