Cofounder and Chairman, Roubini Global Economics and NYU Professor
“A succinct, lucid and compelling account . . . Essential reading.”—Michiko Kakutani, The New York Times
Roubini is the cofounder and chairman of Roubini Global Economics, an independent, global macroeconomic and market strategy research firm whose website has been named one of the best economics web resources by BusinessWeek, Forbes, the Wall Street Journal, and the Economist. He is also a professor of economics at New York University’s Stern School of Business and has extensive policy experience including his time as Senior Economist for International Affairs with the White House’s Council of Economic Advisers and Senior Advisor to the Undersecretary for International Affairs at the U.S. Treasury Department during the Clinton Administration. The International Monetary Fund, the World Bank, and numerous other prominent public and private institutions have drawn upon his consulting expertise. He has authored several books including Crisis Economics: A Crash Course in the Future of Finance.Read More
Long Term Changes and Trends in the Global Economy
There are many longer term changes, trends, and challenges in the global economy: deepening of globalization, greater trade in goods, services, capital, labor, information, and technology; technological innovation and change that disrupts countries and sectors; a third manufacturing revolution; demographic ageing in advanced economies and demographic dividend in many emerging markets; the pressure on natural resources (oil, energy, water, food, industrial metals) and the challenges of energy and food security; global climate change and its effects on recent extreme weather events; the rise in income and wealth inequality; poverty, underemployment, and high unemployment; the effects of the rapid rise of the BRICs and other emerging markets; the lack of global policy leadership and coordination; geopolitical risk in the world. How will these risks and challenges be managed in the years and decades to come? Will we get greater policy cooperation and coordination (G20) or process of international disagreements, tensions and conflicts (a G-Zero world as Bremmer and Roubini defined it in a classic article)?
U.S. Economic Outlook
The U.S. economic recovery is still fragile. Positives include the bottoming out of the housing recession, the shale gas and oil revolution, monetary easing by the Fed, the strong profits of corporate firms, some job creation, and entrepreneurial dynamism. Negatives including policy uncertainty, the variety of fiscal issues that the U.S. needs to address (fiscal cliff, debt ceiling, medium term fiscal consolidation, fundamental tax reform, entitlements reform), the fragile sentiment of households and firms, the effect of the fiscal drag on the economy, the painful process of deleveraging of the private and public sector; and tail risks from the global economy (Euro Zone crisis worsening, risk of Chinese hard landing, war between Iran and Israel/U.S.).
Crisis Economics: A Crash Course in the Future of Finance
Renowned economist Nouriel Roubini electrified the financial community by predicting the current crisis before others in his field saw it coming. This myth-shattering book reveals the methods he used to foretell the current crisis and shows how those methods can help us make sense of the present and prepare for the future. Using an unconventional blend of historical analysis with masterful knowledge of global economics, Nouriel Roubini and Stephen Mihm, a journalist and professor of economic history, present a vital and timeless book that proves calamities to be not only predictable but also preventable and, with the right medicine, curable.
- Exclusives What Are You Reading?: Shetterly, Jackson, and Anand
- Politics When Donald Meets Hillary: James Fallows’ Pre-Debate Atlantic Cover Story
- Innovation Watch: Tech’s Top Innovators Shine on Amber MacArthur’s Bloomberg North
- Authors Margaret Atwood’s Latest? The Stunning Graphic Novel Angel Catbird