The International Economic System: A Fork in the Road | Steven Davis, Maurice Obstfeld | Hoover Institution

The international economic system has reached a major turning point. Challenges include the rise of China, U.S. ambivalence about its role on the global stage, and Trumpian trade policy disruptions. What comes next, and what are the potential consequences? RELATED SOURCES “The International Monetary and Financial System: A Fork in the Road,” Andrew Crockett Memorial Lecture delivered by Maurice Obstfeld in Basel, Switzerland, 29 June 2025. “Maurice Obstfeld on the Trade War’s Damage to the Monetary System,” Central Banking, 22 May 2025.  ABOUT ECONOMICS, APPLIED Economics, Applied brings together top leaders and researchers to break down key economic developments, offering evidence-based insights and practical lessons for navigating today’s economy. Economic change is constant. Subscribe to keep up: hoover.org/podcasts/economics-applied.