About this conference
Three years ago, with Lehman Brothers’ collapse and the precipitous deepening of the financial crisis, the outlook for the global economy was dire. Today, the worst seems to have passed. And yet—the huge global imbalances that were the backdrop to the financial crisis in 2008 are arguably worse than ever. Countries from America to Japan sag under the weight of enormous debts which, since the crisis, have only grown bigger. In Europe, tension between highly indebted “peripheral” countries and the big European economies that are expected to rescue them threaten the future of the euro itself.
Meanwhile, emerging economies from China to Brazil, which have surged in recent years, are battling the growing pains that come with their fast-growing economies—from inflation to widening inequality. The result is a complex shift in the balance of economic power—not simply from the West to the “rest”, but from countries lacking in natural resources to those rich in them, from those deeply indebted to those with
savings to spare.
What are the implications of the ascendance of emerging economies, especially China, for the West and the global economy? Are global imbalances a problem that need to be resolved—and, if so, who benefits from a re-balancing? What are the consequences of the rich world’s addiction to debt? Who are the winners and losers in a world of scarce natural resources? This year’s Buttonwood Gathering will bring together global thought leaders, practitioners and provocateurs in the international finance community to tackle the tough challenge of how to put the global economic order on a more balanced footing.
RBC Capital Markets is the Founding Sponsor of this event, Allianz Global Investors is a Supporting Sponsor and Kurt Salmon is a Corporate Sponsor.