The Doom Loop with Eswar Prasad

About this episode

Eswar Prasad discusses the destructive feedback loop affecting the global economic order and its implications.

In The Doom Loop: Why the World Economic Order Is Spiraling into Disorder , Eswar Prasad argues that we are caught in a destructive feedback loop between economics, domestic politics, and geopolitics. Prasad is a professor of Trade Policy and Economics at Cornell University, as well as a Senior Fellow at the Brookings Institution. In his new book, he explores how globalization, international institutions, the rise of “middle power” countries, and technological innovations had the potential to promote shared prosperity—but instead are driving global instability. In his conversation with Nikolaus Lang, global leader of the BCG Henderson Institute, he discusses the breakdown of the rule-based system, implications for trade policy in Europe and elsewhere, and the role AI plays in driving global instability. Key topics discussed: 01:20 | The doom loop driving global instability 06:41 | The positive aspects of globalization and middle powers 12:02 | Implications for European trade policy 15:51 | The breakdown of the rule-based system 18:36 | The role of AI and other technologies in the doom loop 23:57 | Reasons for remaining optimistic Additional inspirations from Eswar Prasad: The…

People in this episode

Host: Nikolaus Lang

Guest: Eswar Prasad

Topics covered

• global economy
• geopolitics
• trade policy
• globalization
• technology

Keywords

• doom loop
• global instability
• middle powers
• European trade policy
• rule-based system
• AI technologies
• optimism

Mentioned in this episode

Products: The Doom Loop: Why the World Economic Order Is Spiraling into Disorder

Books & works: The Doom Loop, The Doom Loop: Why the World Economic Order Is Spiraling into Disorder, The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance

Places: Europe

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