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Mohamed A. El-Erian

Mohamed A. El-Erian

Writing for PS since 2010
176 commentaries

Mohamed A. El-Erian, President of Queens’ College at the University of Cambridge, is a professor at the Wharton School of the University of Pennsylvania, the author of The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse (Random House, 2016), and a co-author (with Gordon Brown, Michael Spence, and Reid Lidow) of Permacrisis: A Plan to Fix a Fractured World (Simon & Schuster, 2023).

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  1. Give the UK Growth Agenda a Chance
    elerian177_WPA PoolGettyImages_reeves_speech WPA Pool/Getty Images

    Give the UK Growth Agenda a Chance

    Jan 31, 2025 Mohamed A. El-Erian sees promise in the current government’s economic-policy plan despite its imperfections.

  2. Shock-Proofing the UK Economy
    elerian176_Dan KitwoodGetty Images_bankofengland Dan Kitwood/Getty Images

    Shock-Proofing the UK Economy

    Jan 14, 2025 Mohamed A. El-Erian urges the government to communicate better what it is doing to boost resilient growth – and to do more.

  3. A Baseline Scenario for the Global Economy in 2025
    elerian175_Spencer PlattGetty Images_nyse Spencer Platt/Getty Images

    A Baseline Scenario for the Global Economy in 2025

    Dec 24, 2024 Mohamed A. El-Erian offers his predictions for the new year while acknowledging that the range of possible outcomes is widening.

  4. Once Again, It Was the Economy, Stupid
    elerian174_Michael M. SantiagoGetty Images_economy Michael M. Santiago/Getty Images

    Once Again, It Was the Economy, Stupid

    Nov 14, 2024 Mohamed A. El-Erian explains how and why Democrats failed to connect with US voters’ pocketbook realities.

  5. Toward a Fifth World Order
    op_brown2_TIERNEY CROSSAFP via Getty Images_IMFworldbank Tierney Cross/AFP via Getty Images

    Toward a Fifth World Order

    Oct 21, 2024 Gordon Brown & Mohamed A. El-Erian explain why multilateral institutions urgently need to be reformed, and why the G20 is the right forum for it.

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  1. muzikarova8_NurPhotoGettyImages_chip_manufacturing NurPhoto/Getty Images

    America’s AI Iron Curtain

    Soňa Muzikárová explains how US export controls are harming allies and potentially helping Russia and China.
  2. hubbard5_SpencerPlattGettyImages_bessent_economic_club_of_new_york Spencer Platt/Getty Images

    What Rebalancing the US Economy Really Requires

    Glenn Hubbard

    US Treasury Secretary Scott Bessent’s defense of President Donald Trump’s trade tariffs as a step toward “rebalancing” the US economy misses the point. While some economies, like China and Germany, need to increase domestic spending, the US needs to increase national saving.

    thinks US Treasury Secretary Scott Bessent is neglecting the need for spending cuts in major federal programs.
  3. rasoolayub1_Alex WongGettyImages_voa_building Alex Wong/Getty Images

    America’s Voice No Longer Speaks for Democracy

    Heela Rasool-Ayub explains why authoritarians worldwide are celebrating Donald Trump’s renunciation of democratic advocacy.
  4. durostu1_Apu GomesGetty Images_LAfire Apu Gomes/Getty Images

    Insurers Must Embrace Geospatial AI

    Pierre du Rostu touts the technology’s benefits for an industry that must shift its focus from paying claims to managing risk.
  5. gelfand4_Andrew HarnikGettyImages_trump_gesture Andrew Harnik/Getty Images
    Free to read

    It’s Time to Abandon Trump’s Flawed Negotiation Playbook

    Michele Gelfand points out that the best dealmakers strive for win-win outcomes, not zero-sum Pyrrhic victories.
  6. bajraktari3_NICOLAS TUCATAFP via Getty Images_fusionreactor Nicolas Tucat/AFP via Getty Images

    America’s Last Chance to Lead in Fusion Energy

    Ylli Bajraktari warns that China's domination of the sector would give it massive economic and geopolitical leverage.
  7. rogoff260_ STRAFP via Getty Images_chinarealestate STR/AFP via Getty Images

    China Can’t Spend Its Way Out of Trouble

    Kenneth Rogoff

    China’s prolonged reliance on fiscal stimulus has distorted economic incentives, fueling a housing glut, a collapse in prices, and spiraling public debt. With further stimulus off the table, the only sustainable path is for the central government to relinquish more economic power to local governments and the private sector.

    argues that the country’s problems can be traced back to its response to the 2008 financial crisis.
  8. mohieldin33_Xie EXinhuaGettyImages_guterres_debt_report Xie E/Xinhua/Getty Images

    This UN Debt Initiative Is Different

    Mahmoud Mohieldin, et al. tout an Expert Group’s efforts to prevent a full-blown solvency crisis in developing countries.
  9. fbirol4_UCGGettyImages_south_africa_power_grid UCG/Getty Images

    What African Electrification Requires

    Fatih Birol & Alain Ebobissé highlight the need for greater private-sector participation to boost investments in power grids.

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