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In recent years the growing sovereign debts in many countries, particularly in some member states of the European Union, in the United States and Japan, has resulted in slowing global growth, volatile financial markets and rising economic risks on regional and global levels. At the same time there are growing uncertainties how governments can solve the economic and financial crises and what economic reform agenda and social and economic governance policies should be applied.

Against this backdrop the Social and Economic Governance Programme Asia (SOPAS) of the Konrad-Adenauer-Stiftung and the Shanghai Institute of Foreign Trade will hold an international symposium in Shanghai on the “Impact of the Global Sovereign Debt Crisis on Emerging Countries” on November 24th.

The symposium aims to provide a platform for an analysis of the roots and implications of previous and current debt crises, the scale and size of the debt situation of key countries, what policy reform agendas could or should be applied to ease their effects and how emerging countries in Asia could avoid or reduce related spill over effects.