The Great Transformation

IIEA11th November 20191min
Martin Wolf argues that the ongoing global transformations in politics and economics have caused a series of related crises – as shown in the election of Donald Trump and Brexit.



Our world is undergoing five fundamental transformations: a changing global balance of power; a backlash against globalisation; the rise of populism and authoritarianism; a technological transformation; and rising awareness of environmental limits. In his address, Martin Wolf argues that these forces have created a series of inter-linked economic and political crises, as shown in the election of Donald Trump, the China-US trade war, Brexit, the backlash against immigration and the weakening of global co-operation. Mr Wolf discusses what role the EU can play in tackling these challenges, and how this transformation might end.

About the Speaker:

Martin Wolf is Chief Economics Commentator and Associate Editor of the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 ‘for services to financial journalism’. He is an honorary fellow of numerous universities and was made a Doctor of Science (Economics) by the London School of Economics in 2006. He was also a member of the UK government’s Independent Commission on Banking in 2010-2011. His most recent publications are ‘Fixing Global Finance’ and ‘The Shifts and the Shocks: What We’ve Learned—and Have Still to Learn—from the Financial Crisis’.