The Impact of Global Conflict on Economic Sustainability

War is catastrophic for nations and can bring businesses to a complete halt. When Russia attacked Ukraine, U.S. companies such as McDonald’s and Starbucks closed their stores. Millions of dollars of Ukraine’s infrastructure has been destroyed. War’s cost can be simplified into three parts: the opportunity cost of resources, the destruction of physical and human capital, and the reduction of GDP. However, war can also stimulate the economy – World War II pulled the U.S. out of the Great Depression. So what is the global economic toll of war? Join the Council’s virtual discussion on war economics with world-renowned economics professor, bestselling author, and innovative educator Jeffery Sachs.

ABOUT THE SPEAKER

Jeffery Sachs serves as the director of the Center for Sustainable Development at Columbia University, where he holds the rank of University Professor, the university’s highest academic rank. Sachs served as director of the Earth Institute at Columbia University from 2002 to 2016. He is president of the UN Sustainable Development Solutions Network, co-chair of the Council of Engineers for the Energy Transition, academician of the Pontifical Academy of Social Sciences at the Vatican, commissioner of the UN Broadband Commission for Development, Tan Sri Jeffrey Cheah Honorary Distinguished Professor at Sunway University, and SDG Advocate for UN Secretary General António Guterres. From 2001-2018, Sachs served as special advisor to UN Secretaries-General Kofi Annan, Ban Ki-moon, and António Guterres. Sachs has authored and edited numerous books, including three New York Times bestsellers. He is the 2022 recipient of the Tang Prize in Sustainable Development and was the co-recipient of the 2015 Blue Planet Prize, the leading global prize for environmental leadership, and was twice named among Time magazine’s 100 most influential world leaders. Sachs has received 42 honorary doctorates, and his recent awards include the Legion of Honor by decree of the President of the Republic of France, and the Order of the Cross from the President of Estonia.

ABOUT THE MODERATOR

Larry Pascal, Chair of the Americas Practice Group at Haynes Boone, boasts 25+ years of expertise in cross-border transactions across diverse sectors. Specializing in real estate, energy, agribusiness, and technology, he is actively involved in the Mexican M&A sector, recently advising clients like Toyota and Ecopetrol. Larry’s international reach extends to Asia Pacific, with notable clients including American Airlines and Shell Oil Company. Recognized in Chambers Latin America and Chambers Global for corporate M&A, Larry is fluent in English, Spanish, and Portuguese. Beyond law, he is an avid racket sports player, having represented the United States in international padel competitions.
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