The Doom Loop

In his new book, 'The Doom Loop: Why the World Economic Order Is Spiraling into Disorder,' Eswar Prasad writes that "economic, political, and geopolitical factors are fuelling a doom loop, breeding turmoil rather than stability,

An episode of the EconoFact Chats podcast, hosted by EconoFact, titled "The Doom Loop" was published on April 12, 2026 and runs 29 minutes.

April 12, 2026 ·29m · EconoFact Chats

Summary

In his new book, 'The Doom Loop: Why the World Economic Order Is Spiraling into Disorder,' Eswar Prasad writes that "economic, political, and geopolitical factors are fuelling a doom loop, breeding turmoil rather than stability, disarray rather than order." Prasad joins EconoFact Chats to discuss why forces once expected to foster shared prosperity -- globalization, multilateral institutions and competition -- are instead driving instability, and why the erosion of domestic institutions makes this moment more dangerous than previous periods of volatility. Eswar is a Professor at Cornell University and a Senior Fellow at the Brookings Institution. He previously served as head of the International Monetary Fund's China division.

Episode Description