Session: Plenary Session III / Regency Room
Date/Time: May 1, 2013 / 10:30-11:45

Panel Description

As the developed world struggles to recover from the long-term fallout of the global financial crisis, will it pursue a fundamental reorganization of the international economic order? The modern global capitalist system was set up at the end of the Second World War by the United States and the world’s major economies to regulate the international monetary system. The resulting pro-market capitalist model it inspired has thrived over the past half century and brought prosperity to billions of people. But this post-war consensus is under heavy strain. The present unstable economy, failure of Eurozone reforms and fragile global financial system are among the key challenges that leaders must face in the present age of uncertainty.

Guiding Questions

1. 1. What are the key challenges to the existing capitalist model?
2. 2. Are the processes of global economic integration likely to continue for the foreseeable future?
3. 3. What domestic and international institutional reforms should be prioritized and are they politically feasible?