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-{{ovation.company}}Author Talk: ‘Permacrisis: A Plan to Fix a Fractured World’
A go-to voice on the global economy, MOHAMED A. EL-ERIAN brings insight into how contemporary issues influence and affect economies in his book Permacrisis: A Plan to Fix a Fractured World, co-authored with former UK Prime Minister Gordon Brown and Nobel Prize Laureate Michael Spence.
The longer a problem goes unresolved, the worse it will get; that’s what happens in a permacrisis – and that’s why we must act now. El-Erian provides a framework for succeeding in a world increasingly focused on a cascade of crises such as sputtering growth, surging inflation, and worsening inequality by addressing our broken approaches to growth, economic management, and governance.
What's Ahead in the Global Economy
MOHAMED A. EL-ERIAN discusses our current economic path, underpinned by central bank policy experimentation. He points to ominous signposts all around us: rising inequality, sluggish growth, political tensions, and volatile financial markets. He dissects continued pressures that warrant radically different monetary policy including youth employment, global wealthy inequality, market illiquidity, and the unsustainable map between financial risk-taking (high) and economic risk- taking (low). And then, thankfully, he outlines his vision for a renewed global economy, prosperity and financial stability.
The Fiduciary and Moral Imperative for Business Leaders to Address the Climate Crisis
Renowned economist MOHAMED A. EL-ERIAN stresses that corporations can no longer stand by as our environment changes around us -- it is a moral, but also fiduciary imperative that they act. El-Erian speaks about how short-term economic benefits will be outweighed by long-term environmental consequences if business leaders don’t lead on climate change and advises business leaders on how to effectively address the climate crisis while remaining competitive and profitable. El-Erian provides organizations with a clear and renewed understanding of the climate crisis and how to address it as a business.
Mohamed El-Erian is a foremost voice on AI and finance
President of Queens’ College at Cambridge University DR. MOHAMED EL-ERIAN has his sights set on how generative AI will change the financial industry, particularly asset management. Providing realistic considerations, Dr. El-Erian’s insights into the potential impact of AI on finance hint at world-changing possibilities. In his column for The Financial Times, Dr. El-Erian predicts, “It is not difficult to envisage a world where Gen AI engines are an integral part of all the higher-skill tasks of asset allocation, model portfolios, security selection, and risk mitigation.”
Watch Mohamed El-Erian speak at Warton Business School here >>
Mohamed El-Erian named as Under Armour Board Chair
President of Queens’ College at Cambridge University DR. MOHAMED EL-ERIAN has been announced as nonexecutive board chair of Under Amour overseeing the new CEO, Kevin Plank. Serving as an independent director since 2018 and Lead Director since 2020, Dr. El-Erian is well-prepared to support Under Armour in a new phase of business. In a press release, Dr. El-Erian said, “With Kevin’s vision and drive serving as critical components, Board members and I look forward to working closely with him and the Under Armour leadership team to unleash shareholder value and drive the company forward.”
Watch Mohamed El-Erian speak at Warton Business School here >>
Mohamed El-Erian wins the first-ever 2023 Great Arab Minds economics award
MOHAMED EL-ERIAN, President of Queens’ College at Cambridge University, was honored with the first-ever economics Great Arab Minds (GAM) award for economics. In recognition of his incredible contributions to the field of economics, Dr. El-Erian is widely acknowledged as a leading expert on global capital markets. He coined the term “new normal” in the face of permacrises. His perceptive analysis of changes in economic and financial systems makes clear why Dr. El-Erian’s impact on economic thought extends to every corner of the globe and makes a measurable impact on his audiences.
Renowned economist Mohamed A. El-Erian co-authored ‘Permacrisis: A Plan to Fix a Fractured World’ to forge a better path to a brighter future.
The longer a problem goes unresolved, the worse it will get – that's what happens in a permacrisis, and it’s why we must act now.
Internationally respected economist MOHAMED A. EL-ERIAN's third book, Permacrisis: A Plan to Fix a Fractured World, co-authored with former UK Prime Minister Gordon Brown and Nobel Laureate Michael Spence, outlines how we can prevent crises and better manage the future for the benefit of the many and not the few. El-Erian is a leading voice through some of the greatest economic changes and financial crises in recent memory. Inspired by pandemic Zooms with the other world-class thinkers, El-Erian provides an explanation of where we’ve gone wrong and a provocative, inspiring plan to change the world.
At the heart of today’s permacrisis are broken approaches to growth, economic management, and governance. While these approaches are broken, they are not beyond repair.
Mohamed A. El-Erian brings insight into how contemporary issues influence and affect economies in his book Permacrisis: A Plan to Fix a Fractured World. The longer a problem goes unresolved, the worse it will get; that’s what happens in a permacrisis – and that’s why we must act now. El-Erian provides a framework for succeeding in a world increasingly focused on a cascade of crises such as sputtering growth, surging inflation, and worsening inequality by addressing our broken approaches to growth, economic management, and governance.
Mohamed El-Erian in the News
Global thinker and economist MOHAMED EL-ERIAN is highly sought-after for his dynamic market insights. With experience at the highest levels of business and government, El-Erian currently serves as the Chief Economic Advisor at Allianz, the President of Queens’ College, the University of Cambridge, and a contributing editor at the Financial Times. A prolific commentator on financial and economic trends, El-Erian's insight is essential for individuals and organizations.
Follow his trend analysis here:
Read his latest Financial Times opinion column here >>
Read his latest Bloomberg Market opinion column here >>
Mohamed A. El-Erian is the President of Queens’ College, the University of Cambridge. Since 2014, he has served as Chief Economic Advisor at Allianz, the corporate parent of PIMCO where he was chief executive and co-chief investment officer (2007-2014).
He is Chair of Gramercy Fund Management, a columnist for Bloomberg Opinion, and a contributing editor at the Financial Times. He is a professor of practice at the Wharton School of the University of Pennsylvania and Senior Global Fellow at the Lauder Institute there. He is currently the chair of the Under Armour board of directors, and serves on that of NBER and several educational institutions.
Prior to PIMCO, Dr. El-Erian was a managing director at Solomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. where he served as Deputy Director before moving to the private sector. He also spent two years as CEO and President of the Harvard Management Company. Dr. El-Erian served as Chair of President Obama’s Global Development Council (2012-2017).
He has published widely on international economic and finance topics. His 2008 book, When Markets Collide, was a New York Times and Wall Street Journal bestseller, won the Financial Times/Goldman Sachs Business Book of the Year and was named a book of the year by The Economist and one of the best business books of all time by the Independent (UK). His 2016 book, The Only Game in Town: Central Banks, Instability and Avoiding the Next Collapse, was a New York Times bestseller. His latest book, written with Gordon Brown and Michael Spence, is Permacrisis: A Plan to Fix a Fractured World, was a Times’ top ten bestseller.
Dr El-Erian was named to Foreign Policy’s list of “Top 100 Global Thinkers” for four years in a row. He has served on several boards and committees, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women, the Peterson Institute for International Economics, the Carnegie Endowment for International Peace, the IMF’s Committee of Eminent Persons and the New York Fed’ Investor Advisory Committee on Financial Markets. He chaired the Microsoft Investment Advisory Board between 2007 and 2022. In 2018, he was appointed to the IMF’s External Advisory Group on Surveillance and MIT’s Visiting Committee for the Department of Economics.
Since 2014, Dr El-Erian has served on the jury for the Financial Times Business Book of the Year award. He is a member of the Council on Foreign Relations and government advisory committees. He co-chairs the Capital Campaign for the University of Cambridge and its Colleges.
Recognized for his philanthropic contributions, particularly in the areas of education and health, Dr. El-Erian has received several awards, including lifetime achievement from the 57357 Hospital for Children/Egyptian Cancer Network where he is the Honorary Chair. Other recognitions include the ABNA, Arab Banker of the Year, ACCESS Arab-American of the Year Award, Africa Investor’s Capital Markets Personality of the Year, Fixed Income Analysts Society’s Hall of Fame, Foreign Policy’s “Top 100 Global Thinkers” (4 years in a row), Investment News’ “Icon and Innovator,” Linked-In top 3 “voices” among its “influencers” (2016 and 2017), Louise Bloin Foundation Creative Leadership Award, Middle East Institute’s Visionary Award, Orange County Business Journal’s most influential personalities (multiple times), Ukleja Center’s Nell and John Wooden Ethics in Leadership award, and Worth magazine’s “100 Most Powerful People in Finance” (multiple years).
Dr. El-Erian holds a master’s degree and doctorate in economics from Oxford University and received his undergraduate degree from Cambridge University.