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What the Return of 19th Century Economics Means for 21st Century Geopolitics

17 January 2012 - 6:30pm to 7:30pm

Chatham House, London


Dr Adam Posen, Senior Fellow, Peterson Institute for International Economics and External Member, Monetary Policy Committee, Bank of England
Chair: Dr DeAnne Julius, Chairman, Chatham House



The speaker will argue that the global monetary and financial systems are returning to what he has named 'the old normal' – a world of greater real economic volatility, recurrent financial panics, riskier savings and deflation risks. Drawing a parallel with the 19th century, he characterises the current landscape as one without a clear economic hegemony. Dr Posen will explore the implications of these developments for international relations.