A New Global Order: Moving beyond the old divides of North-South and East-West
James D. Wolfensohn, Chairman, Wolfensohn & Company, LLC and President, World Bank Group (1995-2005)
The speaker will argue that the global economy is divided into four distinct but interconnected tiers of varying levels of wealth and growth:
1) steady-growing, high-income nations of Europe and America;
2) high-growth economies of Asia, led by China and India;
3) stagnant economies of the Middle East and Latin America; and
4) retrogressing areas such as sub-Saharan Africa.
He will suggest that we are likely to see major economic realignments, with China and India replacing Japan, the EU and the US as the largest economies. In the context of these developments he will argue that we will need to change the international rules-based system, forged in the aftermath of World War II to address the opportunities and challenges presented by communist East-capitalist West and developed North-developing South.
The annual Dillon Lecture is held to provide a forum for prominent and distinguished Americans to speak on major American and European themes to the membership of Chatham House and guests, and to honour Mr C Douglas Dillon for the many contributions he made to European American relations in the public and private sector.