[Lecture] The Great Decoupling: China, America and the Risk of a New Asian Economic Cold War

Former US Treasury Secretary warned recently in a speech in Singapore that the U.S. and China are on the brink of a new economic Cold War, suggesting that an “Economic Iron Curtain” might descend through Asia, in which the world's largest two economies begin to decouple from one another at the instigation of President Donald Trump.

This prospect is alarming — but is it likely? Will the present trade war inevitably descend into a ever-steeper cycle of tariffs and rancor, or can a deal be found to save the open, global rules-based trading system? And what impact will this parlous environment have on the outlook for growth, technological development and economic inclusion around emerging Asia? Held as part of the 2018 Asia in the World Economy Roundtable, organised by the Lee Kuan School in association the the Mastercard Inclusve Growth Center, this debate and lecture will answer these questions and more.

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Panelist:

## Dr. Adam Posen, President, Peterson Institute for International Economics (PIIE)

## Dr. Alicia Garcia-Herrero, Senior Fellow, BRUEGEL

## Mr. Alan Beattie, European Editorial Writer, Financial Times

## Dr. Ganeshan Wignaraja, Executive Director, Lakshman Kadirgamar Institute of International Relations and Strategic Studies

## Prof. Yang Yao, Dean, National School of Development, Peking University and Director, China Center for Economic Research

## Assoc Prof. James Crabtree, Associate Professor in Practice, Lee Kuan Yew School of Public Policy
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