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As well as being the Professor of Commerce at
McWilliams has had a career specialising in economic forecasting and analysis.
He currently advises 25 of the FTSE companies, most of the
has received five awards for best forecaster for the
McWilliams’ interest in international economics has led to his launching
quarterly economic insight reports for ICAEW for the Middle East in early 2011,
South East Asia in autumn 2011 and the first quarterly report for
career has focussed on making economics relevant to commerce, first with the
Confederation of British Industry, then as Chief Economist for IBM
Besides forecasting, his interests have ranged widely – from being the first to apply option pricing theory to the economics of safety, to new approaches to economic impact assessment for transport which have now been incorporated in the official Department for Transport guidance. He is also famed for his communication skills, and is one of the most regularly quoted of the leading economists.
Professor McWilliams’ series of lectures as the Mercers' School Memorial Professor of Commerce at Gresham College will address The Greatest Ever World Economic Event: How the transformation of two thirds of the world’s population from starvation to moderate prosperity will affect us all:
The industrialisation of much of the world’s
previously dormant economy is the greatest transformation since the Industrial
Revolution. The changes that follow will have an enormous and frequently
unwelcome effect on the West, and the phenomenal pace of these changes means
that they are happening more quickly than can easily be absorbed. But despite
this, we in
These lectures will seek to understand the momentous nature of these changes, their developing impact on the global economy, and what can be done to influence or at least mitigate these effects in the West.
Although some of the effects of these changes are beyond our control and indeed difficult to mitigate, we will at least face them with more equanimity if we understand them. And many of them could be mitigated if we think intelligently about how to run our economy, rather than arrogantly believing that we can press ahead regardless of all that is happening elsewhere in the world.