The End of Economics?

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  • Author(s): Zakaria, Fareed
  • Source:
    Foreign Policy. Winter2019, Issue 231, p28-30. 3p.
  • Additional Information
    • Subject Terms:
    • Abstract:
      The article discusses how the world in 2019 is still reckoning with the legacy of the global financial crisis, which is hardly surprising given its scale and lasting impact. Topics discussed include importance of keeping pace with potential new risks from a rapidly evolving financial landscape; countries' steps to address systemic risks posed by institutions seen as too big to fail, monitoring financial stability, and many now also conduct regular stress tests to check banks' health; and need of governments to work together to reduce excessive global imbalances in a way that supports sustainable growth.