Davos 2024

Posen Warns Peace Dividend Is Reversing as Global Tensions Rise

Adam Posen in Davos, on Jan. 18.Photographer: Hollie Adams/Bloomberg

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By Tom Rees

January 18, 2024 at 11:52 AM UTC

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Peterson Institute President Adam Posen warned that the “peace dividend” that emerged in the early 1990s is in reverse as countries are forced to ramp up defense spending again.

Posen said in an interview with Bloomberg TV on Thursday that 2024 elections in several countries, including the US, UK and India, will also keep up the pressure on stretched public finances.