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George Soros debates Global Economic Reform and launches book

Thursday 7 March, 6pm
Hong Kong Theatre, Clement House

Global economic reform: this is the time

A debate jointly organised by The Economist, LSE and Public Affairs on 7 March 2002, with George Soros, Clive Crook, deputy editor of The Economist and Robert Wade, Professor of Political Economy and Development at LSE.

In the chair will be Professor Mary Kaldor, director of the Global Civil Society programme and a member of the International Independent Commission to investigate the Kosovo crisis.

Where is the process of globalisation taking us? Where does power lie in a world of corporations, governments and supranational institutions. In whose interest is it exercised? Is globalised capitalism inevitable and benign, increasing wealth and levelling playing fields? Or does it also lead to inequality, exclusion and to new threats? Can the energies of its critics be harnessed in a constructive direction? And if so, how? The events of 11 September exposed the interdependence of the world. Is this a moment to broker a global new deal?

George Soros will use the occasion to launch his new book George Soros on Globalization (Public Affairs, March 7, 2002), in which he identifies the problems associated with globalisation and presents practical proposals to improve the system. In an analysis of existing international financial and trade institutions, he shows that while they aid wealth creation they fall short in providing other public goods. He deplores an unwitting coalition between market fundamentalists on the far right and anti-globalisation activists on the far left bent on destroying international institutions. Soros calls for a different coalition that would work to reform and strengthen those institutions. The centrepiece of his proposal is the use of Special Drawing Rights for the provision of development assistance and public goods on a global scale. In a powerful concluding chapter, Soros assesses the United States' role in the world after 11 September. The United States, he cautions, cannot secure its own prosperity and the safety of its people through the raw and unilateral exercise of power; peace and security can be won only through international cooperation.

Ends

If you would like to attend, call Jessica Winterstein, LSE Press Office, on 0207 955 7060 or email j.winterstein@lse.ac.uk|. Space is limited so please call as soon as possible.

For media interviews with Mr Soros, contact Michael Vachon on (212) 397 5526 or email michael.vachon@soros.com| 

Notes:

The debate takes place at 6-7.30pm on Thursday 7 March in the Hong Kong Theatre, Clement House, LSE, Houghton St, London, WC2A 2AE.

28 February 2002

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