Commentary | 12 February 2009

All change or plus ça change

It's now common to hear the claim that the global financial crisis will fundamentally change the world economy. In a new paper in the Lowy Institute's Perspectives series, Mark Thirlwell asks whether the changing facts about the world economy - plummeting growth, soaring risk aversion, collapsing commodity prices, and a massive expansion in the role of government – are so significant that we have to change our minds about the fundamental ways in which the world now works.

Mark Thirlwell

  • Mark Thirlwell

It's now common to hear the claim that the global financial crisis will fundamentally change the world economy. In a new paper in the Lowy Institute's Perspectives series, Mark Thirlwell asks whether the changing facts about the world economy - plummeting growth, soaring risk aversion, collapsing commodity prices, and a massive expansion in the role of government – are so significant that we have to change our minds about the fundamental ways in which the world now works.

Mark Thirlwell

  • Mark Thirlwell