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History shows that when debtors default and crisis occur, international monetary systems are remade. A new world order will emerge from the current financial crisis, explains Philip Coggan, Buttonwood columnist and Capital Markets Editor at The Economist, and it will be governed by the creditor nation of the future, China.

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This episode is 11 minutes long.

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This episode was published on March 28, 2012.

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History shows that when debtors default and crisis occur, international monetary systems are remade. A new world order will emerge from the current financial crisis, explains Philip Coggan, Buttonwood columnist and Capital Markets Editor at The...

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