The document summarizes changes in the global distribution of wealth and power that have led to an evolving new world order. Key trends include the decentralization of wealth from rich Northern countries to emerging economies in the Global South, and the redefinition and decentralization of power away from nation states to many different international actors and networks. This new world order faces challenges including pressure on resources from population growth and prosperity, aging populations in rich countries combined with many youth in poorer countries leading to migration issues, and climate change threatening global stability. The document questions who or what will create and manage order in this complex new world system without clear global leadership.

1. Wealth and Power in the New World Order Carol Lancaster 12 October 2009 Distinguished Lecture Series:

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