Creative Destruction: Innovation and Change in the Post-Pandemic Global Economy


Creative Destruction: Innovation and Change in the Post-Pandemic Global Economy

The coronavirus pandemic has transformed the global economy, reshaping how billions of us live, work, play, and learn.

Technological evolution has accelerated, putting the conditions in place for an economic renaissance that could raise living standards for generations to come.

But in other ways, things haven’t changed.

In this 45-minute webinar, Karl Schamotta will illustrate how history’s biggest and most successful economic rescue effort has inhibited the “creative destruction” process – the Darwinian evolutionary cycle in which obsolete business models are replaced by updated ones – in many areas. Longstanding imbalances – between small and large, innovative and bureaucratic, marginalized and well-connected – have worsened, setting up a series of conflicts that could rock financial markets over the year ahead. From a foreign exchange strategist’s unique perspective, Karl will explore the risks and opportunities that could be created as this unfolds, giving you the knowledge needed to create sustainable growth – even as the new world crashes into the old.

Date: December 16

Time: 11:00am PST/ 2:00pm EST



Karl Schamotta, Chief Market Strategist

Karl leads Cambridge’s currency research group, focused on analyzing shifts in the world economy and creating strategies that help businesses harness market volatility. He has built risk management and trading programmes for hundreds of major corporations, and is a regular contributor to a number of international finance publications. He regularly appears in the Wall Street Journal, Bloomberg, Reuters, BNN, CNN and CNBC. You can follow him at @vsualst on Twitter.