hchk member privilege: asia society - withdrawal pains: the costs of the u.s. abdicating international economic leadership

Thursday, February 8th 2018 @ 12:15 pm - 2:00 pm

Asia Society Hong Kong Center

February 2018 Program

Beyond the Headlines

Withdrawal Pains: The Costs of the U.S. Abdicating International Economic Leadership

Luncheon Presentation by ADAM POSEN, President, Peterson Institute for International Economics

Thursday, February 8, 2018

Asia Society Hong Kong Center, 9 Justice Drive, Admiralty

Registration 12:15, Luncheon 12:30, Close 14:00

$500 Asia Society members/ Harvard club members; $650 Nonmembers

One year after taking office, President Donald Trump has repeatedly threatened the rules-based liberal economic order established after World War II, but has not yet withdrawn the U.S. from its leadership role in the system. Other countries, however, have begun to prepare for and respond to anticipated Trump Administration attacks on the system and directly on their own economies. Dr. Posen explains how the system benefitted everyone economically, including the U.S., contrary to Trump’s assertions, and how in fact the U.S. was privileged as the Chair of the liberal economic club of nations – because other countries so valued the order and wished to maintain U.S. leadership of it. Dr. Adam Posen spells out how the U.S. reversal of strategy and values does tangible economic damage by breaking down the separation of international commerce from national security that fueled the last 70 years of peace and prosperity. In particular, he warns about how a regime of economic bullying could emerge instead, slowing growth over the long-term, making governments less accountable, and subjecting everyone’s economic well-being to political predation.

Adam S. Posen has been President of the Peterson Institute for International Economics since 2013, after first joining in 1997. He was previously an economist at the Federal Reserve Bank of New York between 1994 and 1997. The author or editor of seven books, Dr. Posen has contributed to research and public policy in the areas of G20 monetary and fiscal policies, European economic performance since the euro, Japan’s recovery from its Great Recession, and rethinking the path to financial stability. Dr. Posen is serving his sixth term on the Panel of Economic Advisers to the US Congressional Budget Office. From 2009 to 2012, he served as an external voting member of the Bank of England's rate-setting Monetary Policy Committee (MPC), where he was a leading voice globally for active policy response to the economic crisis. Dr. Posen received his BA and PhD from Harvard University.

RESERVATIONS: All reservations can only be made using a valid CREDIT CARD online at ticketing.asiasociety.org.hk or by completing and returning this form by fax (852) 2567 7916 or email programhk@asiasociety.org. No seat(s) will be guaranteed without advance payment.

CONFIRMATIONS: Please consider your reservation confirmed unless notified otherwise. For online reservations, please bring a copy of your e-ticket. For manual registrations using this form, your name will be held on a list at the door 15 minutes prior to the program.

CANCELLATIONS: Please note that no-shows will be charged. Cancellations must be made in writing. MEMBERS; Full refund for members who cancel more than three working days prior to the program, no refund for cancellations three working days or less before program.

Asia Society members □ vegetarian @$500= Non-members □ vegetarian @$650= Table(s) of 10 @$5,000= Payment by:  American Express  MasterCard  Visa Total: $__________ Cardholder Name Expiry Date Credit Card # (MasterCard/Visa: Last three digits on signature panel _____ AmEx: Four digit code on front panel above logo _____ ) Signature  Please check if you would like to receive an official receipt, to be sent within two weeks after the program. Please return registration form by fax 2567 7916 or email programhk@asiasociety.org.


HK$500 (Lifetime/Patron)

HK$500 (Annual/Biennial/Complimentary Student Member)

HK$650 (Prospect/Guest)

Sign Up Date

(Lifetime/Patron) : Monday, January 29th 2018

(Annual/Biennial/Complimentary Student Member) : Monday, January 29th 2018

(Prospect/Guest) : Monday, January 29th 2018

Sign Up Deadline

Wednesday, February 7th 2018

Time & Location

12:15 pm - 2:00 pm

Asia Society, 9 Justice Drive, Admiralty, Hong Kong

Contact Info

Khulan Tumurbat