“Instability Is The New Normal”: Eswar Prasad On A Splintering Global Economic Order At Davos 2026

At BT Davos 2026, India Today TV’s Consulting Editor Rajdeep Sardesai is in an exclusive conversation with Eswar Prasad, Professor, Cornell University, USA, on the deepening disorder in the global economic system. Drawing from his new book The Doom Loop, Prasad argues that instability is no longer cyclical but structural. He analyses the impact of a Trumpian world order, rising tariffs, and the growing risk of trade wars, including Europe–US tensions. The conversation explores how globalization is fragmenting along geopolitical lines, traditional alliances are splintering, and why the shift from a unipolar to a multipolar world may be generating more chaos than balance in global geoeconomics.

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