The Doom Loop
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The Doom Loop

The Doom Loop


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About the Book

The acclaimed economist and author of The Future of Money argues that the forces meant to stabilize the world's economy are in fact driving global instability.

Global economic power is shifting, liberal market-oriented democracies face growing domestic turmoil, and international trade and financial integration is crumbling. How did we get here?

In The Doom Loop, economist Eswar Prasad argues that the very forces that we long believed could stabilize the world order are fueling its destabilization. Rather than promoting shared prosperity, globalization has instead deepened economic inequality, stoked political backlash, and prompted escalating trade wars. Institutions like the International Monetary Fund and World Trade Organization, founded to foster international cooperation, have failed to adapt to twenty-first-century realities. The rise of "middle power" countries like India, Brazil, and Indonesia once suggested a stable multipolar future, but today, such nations are increasingly forced to pick sides as the United States and China fight for global dominance.

Prasad argues that we are caught in a destructive feedback loop between economics, domestic politics, and geopolitics. The Doom Loop offers a clear-eyed and bracing account of a world spiraling into disorder, and makes it clear that old solutions cannot pull us out--we need radically new solutions to solve the world's problems.



About the Author :
Eswar S. Prasad is the Tolani senior professor of trade policy and professor of economics at Cornell University. He is also a senior fellow at the Brookings Institution, where he holds the new century chair in international economics, and a research associate at the National Bureau of Economic Research. He is the author of Gaining Currency: The Rise of the Renminbi and The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance.

Review :

"The Doom Loop is essential reading for anyone seeking to understand the forces shaping the unraveling global order--and the urgent choices ahead as we attempt to forge a new one."

-- "Raghuram Rajan, author of Fault Lines "

"Despite the bleak picture, Prasad's deep analysis offers critical insights into how we can escape our current predicament, the doom loop, of his title."

-- "Fiona Hill, author of There Is Nothing for You Here "


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Product Details
  • ISBN-13: 9798228702967
  • Publisher: Blackstone Publishing
  • Publisher Imprint: Blackstone Publishing
  • ISBN-10: 8228702965
  • Publisher Date: 04 Apr 2026


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