The Doom Loop

‘A deeply insightful account of how economics, geopolitics and technological change are interacting to amplify disorder across the globe. Understanding these dynamics is a prerequisite for rebuilding something better. Prasad’s compelling and clear-eyed analysis challenges us to rethink the foundations of international cooperation. Essential reading for those seeking to understand and help shape the turbulent era ahead.’ * Janet Yellen, Distinguished Fellow in Residence, The Brookings Institution; former US Treasury Secretary; former chair, Federal Reserve * ‘Prasad has been a wise and prescient observer of the international financial system. With all that is changing, his latest perspective contained in this important volume will be very valuable to policy makers, investors, economists and concerned citizens.’ * Larry Summers, Charles W. Eliot Professor, Harvard University; former US Treasury Secretary * ‘Prasad diagnoses the forces driving the fragmentation of the global economy. In a narrative of ambitious scope, he shows how a world that once seemed headed toward greater integration and harmony is now fraying at the seams. From currencies and trade to AI and alliances, this is a compelling if sobering tour that should inform the thinking of leaders and citizens alike.’ * Robert E. Rubin, co-chair emeritus, Council on Foreign Relations; former US Treasury Secretary *