Session: Session 1
Date/Time: April 28, 2015 / 12:30-13:45

Moderator:
Bark Taeho, Seoul National University

Speakers:
Kwon Goohoon, Goldman Sachs
Adam Posen, Peterson Institute for Int’l Economics
Benn Steil, Council on Foreign Relations
Qu Hongbin, HSBC, Hong Kong

Panel Description

The 2008 global financial crisis was widely decried as a failure of the neoliberal economic order. It seemed that years of profligate spending, unsustainable debt, and a financial system run amok had finally caught up to the U.S. In contrast, the booming economies of China and other emerging powers seemed to herald the arrival of a post-American order. But today, it is once again the U.S. that is driving global economic growth. The bailouts have been repaid, manufacturing is returning, and unemployment has fallen to record lows. At the same time, competing models of economic development, from China’s state-led capitalism to France’s redistributive welfare state, are losing their salience. If neo-isolationists cite economic costs as a reason for American withdrawal from world affairs, how does economic recovery affect U.S. foreign policy?