The UK's Role in the Global Economy
Despite conceding its position as the world's leading industrial nation to the US more than a century ago, the UK remains one of the world's top ten economies. Arguably, it now plays an even more important role in managing the global economy, including at the IMF, in part through London's influence as the world's leading financial centre and hub for global financial integration. However, with the principles behind the 'Anglo-Saxon' model under increasing challenge and the prospect of a decade of domestic financial stringency, can the UK remain in the premier league of the world's most dynamic and competitive economies?
This working group will discuss a forthcoming paper that will examine the current status and future prospects for the UK economy, drawing implications for the UK's role in the global economy. It will review the UK's financial resources and capability to meet future challenges and its ranking in various aspects of global economic affairs. Significantly, while the rise of China and other leading emerging-market economies is often seen as implying a rapid decline in the UK's relative importance in the global economy, such views often neglect the UK's potential resilience.
The working group forms part of the project, Rethinking the UK's International Ambitions and Choices.
Attendance is by invitation only.
For more information please contact Jonathan Knight.