The Doom Loop: Why the World Economic Order Is Spiraling into Disorder

From acclaimed economist Eswar S. Prasad comes a bracing, essential analysis of our global crisis. Why is the world economic order failing, and how can we reverse our descent into geopolitical and economic chaos?

About the Book: The global landscape is shifting beneath our feet. The United States is seeing its undisputed superpower status challenged, while rising giants like China and India exert growing influence. As the West’s share of global GDP steadily declines, the rules-based system that once anchored the world risks becoming dangerously irrelevant.

In The Doom Loop, Eswar S. Prasad argues that the very mechanisms intended to bring stability—globalization and its institutions—are now the primary drivers of disarray. Instead of fostering shared prosperity, these forces have deepened domestic inequality, fueled populist backlash, and ignited escalating trade wars. As "middle powers" are forced to choose sides in an intensifying US-China struggle for hegemony, we find ourselves caught in a self-destructive feedback loop between economics, domestic politics, and global geopolitics.

With clear-eyed prose, Prasad dismantles the current "status quo" of instability and offers a provocative call to action. The Doom Loop is a must-read for anyone seeking to understand the structural failures of our modern age and the radical solutions required to reverse our downward spiral toward global disorder.

Key Features & Benefits:

• Expert Analysis: Written by renowned economist Eswar S. Prasad, offering deep insights into the intersection of geopolitics and macroeconomics.

• Unbiased Assessment: Provides a critical look at why traditional powerhouses and global institutions like the IMF and WTO are failing to adapt to 21st-century realities.

• Timely & Relevant: Explores the high-stakes US-China rivalry and how it impacts "middle power" economies across the globe.

• Provocative Vision: Moves beyond mere diagnosis to discuss the necessity for radical new solutions to reinvigorate global cooperation and economic health.