New Global Economics: The Shock and the Shift

Martin Wolf, Chief Economic Commentator of The Financial Times, examines how the world has changed since the beginning of the financial crisis four years ago, and asks if the pre-2007 era might be the high point for free market capitalism.

In the future, the combination of austerity and an ageing population will mean that money will be tight, affecting the political, economic and social life in developed countries.

At the same time, how will a shift to an Asia-centric financial ecosystem constrain developed nations in future?