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

Chatham House, London

Event Documents

Participants

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

Overview

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.