Lecture: What we know, and don’t know, about the new political and economic order

April 20, 2022


Type Lecture
Intended for General public / International students / Alumni / Companies / University students / Academic and Administrative Staff
Date(s) May 10, 2022 15:00 — 16:30
Location Hongo Area Campus
Venue Tetsumon Memorial Hall, Faculty of Medicine Experimental Research Bldg.
Capacity 100 people
Entrance Fee No charge
Registration Method Advance registration required
Registration Period April 20, 2022 — May 10, 2022


The past five years have featured a series of events of the sort that were described by the great British economist John Maynard Keynes in the 1930s as involving “radical uncertainty”: neither the extended US-China trade war, nor the Coronavirus pandemic, nor Russia’s invasion of Ukraine were in any real sense predictable, even though we knew that all three such developments were possible. These were “radically uncertain” in the sense that we had no means of knowing whether or when they might occur. Scholars and commentators have to make analyses and predictions about the future shape of geopolitics, globalisation and the world economy, using trends such as the rise of China, technological progress and climate change as a framework within which to think about and map this radical uncertainty, even as unpredictable events such as the pandemic and the war challenge those trends. This lecture will seek to identify those elements of the framework that can be considered to be known in the light of recent surprising events; will suggest how the pandemic and the war in Ukraine might have changed that framework; will seek to identify what elements remain truly unknown; and will analyse how governments, individuals and businesses can and should respond to this age of uncertainty.
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