Lecture & Book Signing

On March 9, 2009 Financial Times Associate Editor and Chief Economics Commentator Martin Wolf addressed the Global Interdependence Center. His presentation focused on the theme of his recently published book, Fixing Global Finance. His presentation which explained why global imbalances cause financial crises — including the one ravaging the United States right now — and outlined the steps for ending this destructive cycle. He explained why the United States is now the “borrower and spender of last resort,” and made the case that this is an untenable arrangement, arguing that global economic security depends on the ability of emerging economies to develop robust financial systems based on domestic currencies. After this comprehensive presentation, Mr. Wolf took questions from the audience and then joined GIC members and guests for lunch and a book signing.