On Nov. 14, four notable economists will debate whether the floundering global economy will usher in a dismal era for North America – one where unemployment runs high and the economy grows at a snail’s pace.
These are the Munk Debates – an ongoing series of discussions tackling the most influential issues of our day. This month’s debate is the eighth event since it was founded in 2008. Since then, topics ranged from foreign aid to religion, with speakers including actress Mia Farrow and former British Prime Minister Tony Blair.
This debate will feature four prominent economic and political experts. New York Times columnist Paul Krugman won a Nobel Prize for his economic theory. He'll be arguing for the motion alongside David Rosenberg, an economic strategist and writer for The Globe and Mail and The Wall Street Journal.
On the opposing side is Lawrence Summers, the director of the White House National Economic Council and assistant to the President for Economic Policy. A heavyweight in the Obama administration, his economic policy was dubbed the "Summers Doctrine." Finally, there's Ian Bremmer, the founder and president of the Eurasia Group who was the youngest-ever fellow at the Hoover Institution. His work on founding Wall Street's first global political risk index brings a geopolitical perspective to his economic theories.
Like all Munk Debates, the participants will try to win over the crowd by debating either side of the motion. A poll is taken before and after each debate, with the shift in viewpoints determining the winner. In the last debate on China's role as an international superpower, Henry Kissinger won by arguing China is too preoccupied with "enormous problems internally" to become a superpower.
The series borrows its name from founder Peter Munk, a Canadian businessman and owner of the world’s largest gold mining corporation. They continue now as an initiative of the Aurea Foundation, a charity founded by Mr. Munk and his wife Melanie.