The System Worked: How the World Stopped Another Great Depression
On June 12, the Foreign Policy Program at Brookings hosted a launch event for The System Worked: How the World Stopped Another Great Depression (Oxford University Press), a new book by Daniel Drezner, professor of international politics at the Fletcher School of Law and Diplomacy at Tufts University and a nonresident senior fellow with the Project on International Order and Strategy (IOS).
In The System Worked, Drezner examines how the institutions of global economic governance responded to the worst economic downturn since the Great Depression, and finds that despite a myriad of weaknesses in both structure and leadership, the international economic system proved surprisingly resilient and effective in averting a potential catastrophe. Drezner’s presentation was followed by a panel discussion on the successes and failures of global governance in a post-Great Recession world.
Drezner was joined by Ely Ratner, senior fellow at the Center for a New American Security and Kathleen McNamara, director of the Mortara Center for International Studies at Georgetown University. IOS Director and Foreign Policy Senior Fellow Bruce Jones moderated the discussion. A question and answer session followed.
Involving [Japan, Australia, US and India in a "quad" to counterbalance China’s growing power in the region] was seen as too provocative back then. So to do this on the sidelines of [the ASEAN 2017 Summit] is a significant break from the past.