Before the Next Shock: How America Can Build a More Adaptive Global Economy

During the coming decade, the world economy will confront a crisis. This forecast may sound rash, but the past half century revealed that disasters occur regularly. In recent times, policymakers have faced not just the COVID-19 pandemic and its economic trauma but also various eurozone crises. These dramas followed the global financial crisis of 2008 and the consequent recession, which were in turn preceded by the shock of 9/11. Before the terrorist attacks of that day, the world had coped with the Internet boom and bust at the turn of...