IN JEOPARDY? EUROPE AND THE TRANSATLANTIC ALLIANCE

THE SHIFTS AND THE SHOCKS: THE STRUGGLE FOR A NEW WORLD ECONOMY 

Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times

     
Several shocks have jolted the world economy in recent years. The 2008 financial crisis, the ensuing recession, and the ongoing eurozone sovereign debt crisis have left deep scars. High unemployment, unstable financial institutions, and large budget deficits have brought forth issues of income inequality, corporate governance, taxation, and the role of government in political systems that are already sclerotic and increasingly contested. The recovery, particularly in the high-income economies, seems fragile and fraught with dangers. Yet these tremors mask a deeper systemic shift in the very core structure of the global economic system. Emerging countries are growing rapidly, while high-income countries are growing slowly, or not at all. Economic power is shifting to the east. How will countries weather these transformations, internally and externally? What can be done to fix the system’s flaws? What will the world economy look like after the shockwaves subside? Join The Chicago Council for a conversation with Martin Wolf on the struggle for a new world economy.

Martin Wolf is associate editor and chief economics commentator at the Financial Times. He joined the newspaper in 1987. He is also a Forum Fellow at the World Economic Forum. Wolf was a member of the United Kingdom’s Independent Commission on Banking, a senior economist at the World Bank’s division of international trade, a director of Studies at the Trade Policy Research Centre in London, and has advised governments and international organizations on trade and economic integration. He authored numerous articles and several books on global economics, including Why Globalization Works and Fixing Global Finance: How to Curb Financial Crises in the 21st Century. Wolf has won several awards for his journalism, including the “Decade of Excellence Award” at the 2003 Business Journalists of the Year Awards, and was made Commander of the British Empire in 2000 “for services to financial journalism.” He was one of Foreign Policy’s “Top 100 Global Thinkers” in 2009, 2010, and 2011. He received a B.A. and an M.Phil. from Oxford University, and holds a number of honorary degrees.

 

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MONDAY, APRIL 23, 2012    

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