The last two decades have seen the world economy cascade from crisis to crisis: from the global financial crisis of 2008, to increasing economic inequality and the devastating effects of climate change, to the COVID supply chain crisis and rise in inflation, we are living in a period of heightened instability. It is this economic unpredictability which is the subject of a new book by world famous investor Mohamed El Erian. Permacrisis: A Plan to Fix a Fractured World, written together with former UK Prime Minister Gordon Brown and Nobel Prize winning economist Michael Spence, identifies the common causes behind these crises, and offers a sensible plan for reform to create a fairer, more equitable and more stable world.

 

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