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Not Just Another Recession
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Not Just Another Recession

Why the Global Economy May Never Be the Same

Mohamed A. El-Erian
Foreign Affairs, 2022
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Recommendation

Protectionism, high inflation, poorly timed monetary policy and fiscal excess have left the global economy in a sorry state, says economist and former investment chief Mohamed A. El-Erian. He deftly argues that these are not simply transient events but ground-shifting transformations that will affect the future of governments, businesses and individuals. Executives and entrepreneurs will appreciate El-Erian’s no-nonsense call to change how society manages a new geopolitical and socioeconomic landscape.

Take-Aways

  • Economic dislocations have roiled the global economy in the 2020s.
  • The world is undergoing unprecedented structural transformations.
  • Policy makers need to adapt their responses to a new economic reality.

About the Author

Mohamed El-Erian, former CEO and of co-chief investment officer of PIMCO, is president of Queens’ College, Cambridge, and chief economic adviser to Allianz.

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