An in-depth module on “Managerial Economics & Global Economic Environment” in the BMI 4-Continent Executive MBA programme was led this week by Professor Eamonn Walsh of University College Dublin. Prof. Walsh, who is always well-rated by executives at BMI for his energy and practical insights, also brought in an outside guest speaker – Dr Žygimantas Mauricas, the Chief Economist at Luminor Bank (and an alumnus of the BMI EMBA).
Dr Mauricas spoke with the members of BMI EMBA Class XIX about several big-picture economic issues. First, he looked at factors which, historically, led some economies develop much faster than others – things like values, education and entrepreneurship, trust and competition, technologies and free trade, investment in infrastructure, property rights protection, and financial markets.
A second topic was short-term business cycles, with analysis of where the Baltic and global economies now stand. According to Dr Mauricas, forecasts suggest that in the current cycle growth has already peaked, in 2017, but that any crisis is still probably years away since global economic sentiment and trade remain strong. Details discussed included the significance of Brexit, China’s economic slowdown, potential global trade wars and growing interest rate differentials, and – in the Baltic region – prospects for the currently hot real estate sector.
“The top managers studying at BMI really appreciate both our distinguished international professors and the chance to exchange ideas with talented peers and local experts like Žygimantas Mauricas, who are also BMI EMBA graduates,” BMI Director General Jaunius Pusvaškis noted.