Events of the past year suggest the world is sinking deeper into turmoil. Religious extremists are literally gaining ground in the Middle East and Africa, and Russia backs Ukrainian rebels in defiance of Western sanctions. Once-stable nations, including Syria and Libya, have become "failed states" ruled by extremists and militias and others, such as Yemen and Iraq, appear to be on the brink. In Asia, China, Japan and the Philippines have rattled sabers over a few uninhabited islands. These events challenge the assumption that a globalized economy, and the prosperity that it promises, can make us safer by minimizing our differences. They also raise serious questions for political and military leaders. How do we rein in nation provocateurs such as Russia, Iran and North Korea? What is the role of the U.S., the world's superpower? Has it abdicated its responsibilities as the world's policeman, or do we need a coalition of developed countries to band together to fight the spread of dysfunction and disorder? Is the developed world willing to bear the cost in lives and money that the fight will require?

Moderator: Niall Ferguson
Speakers: Shaukat Aziz, Vicente Fox, David Miliband, Matthew Spence