search button

Souq Economics - Center for Economics Research

Souq Economics

Souq Economics and Centre for Supply Chain Excellence Present Joint Symposium on

Cross-cutting Issues on Economics, Climate Change, and Supply Chain

Free Online Event - Wednesday, January 12, 2022

10:30 am – 4.00 pm (Dubai/GMT+4)

Souq Economics
MDX Dubai
Centre for supply chain


Middlesex University Dubai’s Souq Economics – Centre for Economics Research and Centre for Supply Chain Excellence is proud to present a Joint Symposium on the Cross-Cutting Issues on Economics, Climate Change, and Supply Chain. The virtual event will be held on January 12, 2022. The symposium will feature invited research papers and industry presentations from internationally renowned researchers and practitioners. All scholars, practitioners, and students across disciplines and fields with interest in economics, supply chain and logistics, and climate change are encouraged to attend. Participation is free of charge.


As the post-pandemic era dawns in the world, a number of critical issues are likely to confront all countries of the world. These issues are re-starting the economic growth engine, re-establishing broken supply chains and mitigating the devastating effects of climate change. Navigating through these issues, and protecting and enhancing welfare of societies is going to test the limits of State capacity and capabilities of governments.

The socio-economic impact of the COVID19 pandemic, supply chain disruptions, and climate change are amongst the top threats facing the world today. While the economic misery of those whose livelihoods were destroyed by the COVID19 pandemic may have disappeared from the headlines, there remain serious unresolved issues. Over and above this, the number of people affected by the now common environmental disasters in many parts of the world is increasing. In the recent UN Climate Change Conference of the Parties (COP26), 197 countries have committed themselves to further accelerating their decarbonization plans and, specifically, to strengthening their emissions-reduction targets. However, the fossil-fuel-driven COVID-19 economic recovery plans could push the world irrevocably off course from the ambitious target to reduce global greenhouse-gas emissions from fossil fuels by 45% by 2030.

Supply Chains have a dual role to play: they are critical in the global economic recovery now underway and are also considered as a ‘game-changer’ in the fight against climate change. Unfortunately, the pursuit of cost minimization for decades led to over-extended supply chains that sought out the most economical inputs and manufacturing locations without much consideration for its environmental impacts. Such global supply chains impose significant social and environmental costs accounting for more than 80% of greenhouse-gas emissions and more than 90% of the impact on air, land, water, biodiversity, and geological resources.  

As the world emerges from the ravages of the COVID-19 pandemic, supply chains that were disrupted are still struggling to bounce back while simultaneously addressing their environmental impacts. Supply chain experts have warned that supply chain issues such as clogged ports and widespread shortages of shipping containers could persist for long. On the other hand, economists have warned that the ongoing supply chain constraints could aggravate inflationary risks that may affect the speed of the global economic recovery.

It seems unlikely that the status quo ante will be restored: changes born out of the last few years' experience will mold the future. A coordinated effort is required from governments, environmental agencies, and the private sector to rethink and transform their local and global supply chains to not only accelerate COVID-19 economic recovery but also implement a net-zero supply chain to enable emission reductions across sectors and accelerate climate action. The symposium brings together experts in economics, climate change, supply chain, and logistics to explore issues shaping the post-pandemic world and discuss economic growth conditions that mitigate climate change.

10.15 am - 10.30 am: Registration/Login

10.30 - 10.45: Attendees Welcome and Symposium Agenda - Organizing Committee

Prof. Ajit Karnik - Professor of Economics & Head of Souq Economics, Middlesex University Dubai

Dr. Sreejith Balasubramanian -  Chair of Research Committee & Head, Centre for Supply Chain Excellence, Middlesex University Dubai.

10.45 - 11.00: Guest of Honor Welcome Address

Dr. Cedwyn Fernandes -  Pro-Vice Chancellor and Director, Middlesex University Dubai

11.00 - 11.30: Keynote Address – 1

Professor Errol D'Souza, Professor of Economics & Director, Indian Institute of Management Ahmedabad.

11.30 - 13.30: Paper Presentations– 4 Presentations 30 minutes each (TBC)

13.30 – 14.00: Break/Networking

14.00 - 15.00: Keynote Address – 2

Professor Sheilagh Ogilvie, Chichele Professor of Economic History, University of Oxford

15.00 – 15:45 Panel Discussion

“Contemporary Supply Chain and Economics Issues and Strategies moving forward”

15.45 – 16:00 Concluding Remark

Dr. Cody Paris - Deputy Director Academic Planning & Research, Middlesex University Dubai


Souq in Arabic means marketplace. Souq Economics (SE) views itself as a marketplace for the exchange of ideas in economics. The subject of economics has been evolving in response to challenges faced by countries of the world. The previous century saw the evolution of Keynesian economics as a way of managing floundering economies, an approach that gave way to more market-oriented approaches a few decades later. Two episodes of this century have similarly challenged economics. The first, the Great Recession of 2008, was sufficiently widespread and devastating to invite comparison with the Great Depression of the previous century. The discipline responded to this challenge with deep introspection at the way economics was taught and researched. The second episode, namely, the ravages wrought by the COVID pandemic, has upended most economies of the world and many are still struggling to recover from it. In response to this second challenge, economics has focused on policy prescriptions to alleviate the suffering faced by millions of individuals across the world. Research in economics, however, does not emerge only in response to specific events. Contemporary as well as long-standing problems continue to guide research in areas such as political economy, inequality, climate change, poverty, globalization, economic history, gender economics, institutional economics and public policy among others. 


Souq Economics aims to create a platform where researchers from across the world can come together to disseminate their research as well as collaborate with one another to create new research. SE also envisions itself as a bridge between researchers in economics and policy-makers, resulting in the betterment of society.

Souq Economics hopes to bring together research and researchers from across the world for the advancement of economics as a discipline. The research that will be of particular interest to the SE will be evidence-based research in a variety of areas including, but not limited to, the problems which stare the world in its face currently. Some of this research will be carried out in-house but SE will also provide a platform for researchers anywhere in the world.

The Souq will also bring on board policy makers and policy researchers to create a dialogue which will enhance policy effectiveness. Economics has always been open to collaborations across disciplines, be it politics, sociology or history, to name but a few. The SE hopes to carry this tradition forward and create a platform where various disciplines intersect. Apart from being a catalyst for generating research, it hopes to bring cutting edge research in economic and allied disciplines within easy grasp of all those who are interested in the subject.

Souq Economics proposes to develop and disseminate research in economics among the community in which it is located and also beyond. It intends to be an interface between researchers, policy makers and the public at large. Among the public, it will focus particular attention on those entering or hoping to enter the field of economics. New and existing students of economics will be a significant part of the intended audience. The SE hopes that it will be able to kindle a passion for economics among these new entrants to the field, a passion that has motivated researchers in economics around the world.

Head of Souq Economics

Professor Ajit Karnik


Professor Sheilagh Ogilvie
Chichele Professor of Economic History
All Souls College
University of Oxford

Professor Errol D’Souza
Director, Indian Institute of Management
Ahmedabad, Ahmedabad, India


Dr Jeremy Edwards
Emeritus Reader in Economics
Faculty of Economics
Cambridge University
Cambridge, UK


Dr Cedwyn Fernandes
Pro-Vice Chancellor, Middlesex University
Director, Middlesex University Dubai

Dr Shubhada M. Rao
Founder QuantEco
Mumbai, India

Dr Chandrahas Deshpande
Professor of Economics
Welingkar Institute of Management
Mumbai, India


Ajit Karnik

Professor Ajit Karnik
Professor of Economics


Dr Cody Morris Paris
Deputy Director Academic Planning & Research
Associate Professor of Social Science

Pallavi Kishore

Pallavi Kishore
Senior Lecturer
Campus Programme Coordinator - Undergraduate and Postgraduate Accounting and Finance

Sreejith Balasubramanian

Dr. Sreejith Balasubramanian
Senior Lecturer
Chair Research Committee

Mariam Aslam

Mariam Aslam

Sudipa Majumdar

Dr Sudipa Majumdar
Senior Lecturer


Research areas that are of interest to the Souq are listed below but this list is by no means exhaustive:

  1. Climate change
  2. Covid and its impact
  3. Economic history
  4. Economics of development
  5. Financial economics
  6. Gender economics
  7. Globalization
  8. Inequality
  9. Institutional economics
  10. Political economy
  11. Poverty
  12. Public policy


Become a Member

Center for Economics offers free annual membership to faculties, researchers, professionals, students, and alumni interested in the area of supply chain and logistics. The membership will be valid for one year.

Here are some of the benefits if you sign-up as a member:

  • Membership with the Centre will provide affiliated members with a platform for networking and knowledge exchange with fellow economics professionals
  • Provide members with the opportunity to get involved with our Centre's activities
  • Provide affiliated researchers will the opportunity to forge interdisciplinary collaborations
  • Get access to the latest research insights from our publications, blogs, and resources
  • Be the first to get notifications and invitations to events organized by the Centre

If you are interested in becoming a member of the Centre, sign up using the following link:

Sign Up Now

Middlesex Associates FZ LLC, Dubai Knowledge Park - Blocks 4, 16, 17 & 19
Admissions +971 (0)4 3678100

© Copyright Middlesex University Dubai 2022