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Global institutions have failed to adapt to today's political-economic realities. What went wrong, and how can we reverse our descent into chaos?
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Eswar S. Prasad is Nandlal P. Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell University, and a senior fellow at the Brookings Institution. His publications include The Future of Money, a Book of the Year in the Financial Times, The Economist, Foreign Affairs and The Week.
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Global institutions have failed to adapt to today's political-economic realities. What went wrong, and how can we reverse our descent into chaos?
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The Doom Loop: Why the World Economic Order Is Spiraling into Disorder
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C Hurst & Co Publishers Ltd, United Kingdom, London, 2026
ISBN 10: 1805265490
ISBN 13: 9781805265498
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Paperback. Zustand: Very Good. Compelling. Financial Times, Best Summer Books of 2026: Economics Erudite and expansive. Publishers Weekly A riveting and depressing argument. The Economist A sweeping read of world events. Bloomberg Global institutions have failed to adapt to today's political-economic realities. What went wrong, and how can we reverse our descent into chaos? The United States is no longer the world's undisputed superpower. China and India increasingly flex their economic muscle, as the West's share of global GDP steadily declines--and America's rules-based system risks becoming irrelevant. In business, competition brings efficiency, balance, and innovation. But not in the marketplace for global power. Acclaimed economist Eswar S. Prasad argues that the very forces expected to stabilize the world order are fueling disarray. Globalization has deepened inequality in many countries, stoked political backlash and triggered trade wars. Economic institutions like the IMF and WTO are no longer fit for purpose. The rise of "middle powers" like South Africa, Brazil, and Indonesia once suggested multipolar stability; but today, such economies are forced to pick sides in the intensifying US-China struggle for hegemony. Prasad's clear-eyed, bracing prose contends that we are caught in a destructive feedback loop between economics, domestic politics, and geopolitics. With instability the new status quo, we need radical solutions to reinvigorate the world economy, prioritize common aspirations--and halt the downward spiral. By the internationally acclaimed economist and author of The Future of Money, a Book of the Year from The Economist and FTArgues that the forces meant to stabilize the worlds economy are in fact driving global instabilityTakes a hard look at tariffs, trade wars, international institutions such as the WTO, and the rise of middle power countries. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. Bestandsnummer des Verkäufers GOR014731947
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Hardback. Zustand: New. 'Compelling.' - Financial Times, 'Best Summer Books of 2026: Economics''Erudite and expansive.' - Publishers Weekly'A riveting and depressing argument.' - The Economist'A sweeping read of world events.' ?BloombergGlobal institutions have failed to adapt to today's political-economic realities. What went wrong, and how can we reverse our descent into chaos?The United States is no longer the world's undisputed superpower. China and India increasingly flex their economic muscle, as the West's share of global GDP steadily declines--and America's rules-based system risks becoming irrelevant. In business, competition brings efficiency, balance, and innovation. But not in the marketplace for global power.Acclaimed economist Eswar S. Prasad argues that the very forces expected to stabilize the world order are fueling disarray. Globalization has deepened inequality in many countries, stoked political backlash and triggered trade wars. Economic institutions like the IMF and WTO are no longer fit for purpose. The rise of "middle powers" like South Africa, Brazil, and Indonesia once suggested multipolar stability; but today, such economies are forced to pick sides in the intensifying US-China struggle for hegemony.Prasad's clear-eyed, bracing prose contends that we are caught in a destructive feedback loop between economics, domestic politics, and geopolitics. With instability the new status quo, we need radical solutions to reinvigorate the world economy, prioritize common aspirations--and halt the downward spiral.By the internationally acclaimed economist and author of The Future of Money, a 'Book of the Year' from The Economist and FTArgues that the forces meant to stabilize the world's economy are in fact driving global instabilityTakes a hard look at tariffs, trade wars, international institutions such as the WTO, and the rise of 'middle power' countries. Bestandsnummer des Verkäufers LU-9781805265498
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Hardcover. Zustand: new. Hardcover. Global institutions have failed to adapt to today's political-economic realities. What went wrong, and how can we reverse our descent into chaos?The United States is no longer the worlds undisputed superpower. China and India increasingly flex their economic muscle, as the Wests share of global GDP steadily declines and Americas rules-based system risks becoming irrelevant. In business, competition brings efficiency, balance, and innovation. But not in the marketplace for global power.Acclaimed economist Eswar S. Prasad argues that the very forces expected to stabilise the world order are fueling disarray. Globalisation has deepened inequality in many countries, stoked political backlash and triggered trade wars. Economic institutions like the IMF and WTO are no longer fit for purpose. The rise of 'middle powers' like South Africa, Brazil, and Indonesia once suggested multipolar stability; but today, such economies are forced to pick sides in the intensifying USChina struggle for hegemony.Prasads clear-eyed, bracing prose contends that we are caught in a destructive feedback loop between economics, domestic politics, and geopolitics. With instability the new status quo, we need radical solutions to reinvigorate the world economy, prioritise common aspirations and halt the downward spiral.Praise for The Future of MoneyA road map for money managers, market strategists, and others seeking to understand this new world. BarronsMoney shapes economies, economies shape nations, nations shape history. It follows that the future of money is profoundly important. Here is a definitive report on where we are and where we are going. Lawrence H. Summers, former Secreta ry of the TreasuryPrasad manages to make the financial system intelligible and interesting without resorting to shortcuts and exaggerationPrevious overhauls mainly improved existing systems, he notes. The end of cash likely within a decade or two is revolutionary. Economist Global institutions have failed to adapt to today's political-economic realities. What went wrong, and how can we reverse our descent into chaos? Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Bestandsnummer des Verkäufers 9781805265498
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