Megathreats

Our Ten Biggest Threats, and How to Survive Them

Nouriel Roubini

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English

John Murray
25 October 2022

Geopolitics; Economics & Business; Economics; Economic theory & philosophy

The bestselling author of Crisis Economics argues that we are heading toward the worst economic catastrophe of our lifetimes, unless we can defend against ten terrifying threats.

Renowned economist Nouriel Roubini was nicknamed ""Dr. Doom,"" until his prediction of the 2008 housing crisis and Great Recession came true - when it was too late. Now he is back with a much scarier prediction, one that we ignore at our peril. There are no fewer than ten overlapping, interconnected threats that are so serious, he calls them Megathreats. From the worst debt crisis the world has ever seen, to governments pumping out too much money, to borders that are blocked to workers and to many shipments of goods, to the rise of a new superpower competition between China and the U.S., to climate change that strikes directly at our most populated cities, we are facing not one, not two, but ten causes of disaster. There is a slight chance we can avoid them, if we come to our senses - but we must act now.

In the 1970s, the U.S. faced stagflation: high rates of inflation combined with stagnant employment and growth. Today, we are heading toward a Great Stagflation that will make the 1970s look like a walk in the park.

By: Nouriel Roubini
Imprint: John Murray
Country of Publication: United Kingdom
Dimensions: Height: 230mm, Width: 152mm, Spine: 28mm
Weight: 400g
ISBN: 9781529373783
ISBN 10: 1529373786
Pages: 320
Publication Date: 25 October 2022
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Paperback
Publisher's Status: Active

Nouriel Roubini is a professor of economics at New York University's Stern School of Business. He is the CEO of Roubini Macro Associates, LLC, a global macroeconomic consultancy firm in New York, as well as Co-Founder of Rosa & Roubini Associates based out of London. He was Co-Founder and Chairman of Roubini Global Economics from 2005 to 2016 - a firm whose website was named one of the best economics web resources by BusinessWeek, Forbes, the Wall Street Journal and the Economist. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises, among other issues. He has published numerous theoretical, empirical and policy papers on international macroeconomic issues and co-authored the books Political Cycles: Theory and Evidence (MIT Press, 1997), Bailouts or Bail-ins? Responding to Financial Crises in Emerging Markets (Institute for International Economics, 2004) and Crisis Economics: A Crash Course in the Future of Finance (Penguin Press, 2010).

Reviews for Megathreats: Our Ten Biggest Threats, and How to Survive Them

Roubini has surpassed even his high standards: the ten Megathreats he details are as scary as they are plausible. Forewarned is forearmed. Read and pay attention -- Martin Wolf Roubini cuts to the real problems like a hot knife through butter with a clarity of mind that is rare among economists. I have never seen a more lucid and nuanced account of our financial condition. Not only will the reader be better off after reading this book, but the world will be a better place -- Nassim Nicholas Taleb, author of THE BLACK SWAN A tour de force . . . This clever and timely analysis powerfully illustrates how the combination of flawed human judgment, faulty policies, and a collective disregard of natural constraints now confronts us with perils whose reach goes well beyond just our generation. Ignore this book at your own peril -- Mohamed El-Erian The choice is clear: either we overcome deep-rooted political and geopolitical barriers to mount an adequate collective response (my preference!), or we sleepwalk into a new era of chaos and upheaval. A timely and compelling read, MegaThreats is a wake-up call for humanity -- Ian Bremmer, President of Eurasia Group and author of THE POWER OF CRISIS Calm, clear-headed and possibly prescient . . . a bracing assessment of long-term risks to the global economy. Dark, perhaps, but brilliant, for sure -- Kenneth Rogoff, co-author of THIS TIME IS DIFFERENT If recent history has taught us one thing, it is that Black Swan events happen - and more frequently than we expect. Nouriel Roubini describes the most threatening swans and how we can avoid being pecked to death . . . This is not an optimistic forecast, but it is a sobering and necessary one -- Barry Eichengreen, George C. Pardee & Helen N. Pardee Chair and Distinguished Professor of Economics and Political Science, University of California, Berkeley The economist who predicted the 2008 recession is looking around the corner to anticipate the next major crises. Dr. Doom isn't here to scare you-his goal is to prepare you. The better you are at anticipating problems, the better positioned you become to prevent them and solve them -- Adam Grant, bestselling author of THINK AGAIN