Steven Ciobo
Showing 1–4 of 4 transcripts.
- Milken Institute41 min
Bridging Gaps in Global Infrastructure Financing | Asia Summit 2024
Belinda Chng, Steven Ciobo, Rafael Consing, Andrew Cross, Stefanus Hadiwidjaja, Verena Lim
Experts from the Indonesian Investment Authority, Mahalika Asset Management, the Asian Infrastructure Investment Bank, and Macquarie Group convened to address the projected $94 trillion global infrastructure gap, which is driven by rapid digitalization and climate imperatives. The discussion highlighted specific regional deficits in Asia, ranging from Indonesia's expanded toll networks to the Philippines' critical need for energy electrification and telecom towers, while emphasizing the necessity of policy stability to attract private capital. To bridge the financing divide, the panel advocated for blended finance models that leverage multilateral development banks to de-risk projects and align public impact goals with private sector return requirements.
- Milken Institute54 min
Truce or Dare: Navigating US-China Relations
Curtis Chin, Steven Ciobo, Ng Kok Song, Weijian Shan, Lord Mandelson
Moderated by former Australian Trade Minister Steve, a panel including Kok Song of Avanda, PAG CEO Weijin Shan, and former European Trade Commissioner Lord Peter Mendelsohn analyzed the deteriorating US-China economic relationship and the declining probability of a bilateral trade deal before the 2020 election. Participants highlighted how tariffs have widened the US trade deficit while China's shifting focus toward domestic consumption and supply chain stickiness have left American consumers bearing an estimated $80 billion in costs. The experts forecast a prolonged period of geopolitical friction and potential global system bifurcation, predicting that political posturing will likely prevent meaningful resolution despite severe economic inefficiencies.
- Milken Institute1h 2m
Can the Open World Economy Be Saved?
Kevin Klowden, Ailish Campbell, Steven Ciobo, Ron Kirk, Henrique Meirelles
Moderated by Kevin Clowden of the Milken Institute, a panel of trade experts from Mexico, the United States, Canada, Brazil, and Australia convened to address the global resurgence of protectionism and the economic anxiety driving political shifts. The discussion highlighted how nations like Australia and Canada leverage high-tech investment in natural resources and aggressive trade liberalization to sustain growth while acknowledging the need for robust social safety nets to counter automation-driven job displacement. Ultimately, the experts concluded that preserving an open world economy requires decoupling trade policy from job insecurity by prioritizing lifelong learning, institutional independence, and "flanking policies" that support workers facing structural economic changes.
- Milken Institute57 min
Globalization in the Crosshairs
Gillian Tett, Steven Ciobo, J. Bradford DeLong, John Hagel, Alejandro Ramirez Magaña, Stephen Schwarzman, Brad DeLong
Prominent economists and business leaders debated the global shift toward bilateral trade agreements and protectionism, with experts like Steve Schwarzman and Steve Chaubeau arguing that current friction serves as a catalyst for necessary systemic adaptation despite the risks of complex regulatory environments. While panelists such as Alejandro Ramirez and John Hagel highlighted immediate vulnerabilities in North American supply chains and declining corporate returns, the group largely agreed that unilateral tariff reductions in countries like Australia have historically driven superior growth compared to protectionist policies. Ultimately, the consensus leaned toward viewing the present era as a cyclical correction that could reset global trade baselines, though economist Brad DeLong warned that secular stagnation and automation might entrench these barriers longer than anticipated.