Do you feel like we’re in a permacrisis? Chances are you feel some anxiety about the state of the world. Gordon Brown, Mohamed A. El-Erian and Michael Spence certainly did. Three of the most internationally respected and experienced thinkers of our time, these friends found their pandemic Zooms increasingly focused on a cascade of crises: sputtering growth, surging inflation, poor policy responses, an escalating climate emergency, worsening inequality, increasing nationalism and a decline in global co-operation. They shared their fears and frustrations. And the more they talked, the more they realised that while past mistakes had set the world on this bumpy course, a better path leading to a brighter future exists. Informed by their different perspectives, they sought a common goal: achievable solutions to fix our fractured world. This book is the product of that thinking.   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. An explanation of where we’ve gone wrong, and a provocative, inspiring plan to do nothing less than change the world, Permacrisis: A Plan to Fix a Fractured World, written with Reid Lidow, sets out how we can prevent crises and better manage the future for the benefit of the many and not the few. 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.

Do you feel like we’re in a permacrisis? Chances are you feel some anxiety about the state of the world. Gordon Brown, Mohamed A. El-Erian and Michael Spence certainly did. Three of the most internationally respected and experienced thinkers of our time, these friends found their pandemic Zooms increasingly focused on a cascade of crises: sputtering growth, surging inflation, poor policy responses, an escalating climate emergency, worsening inequality, increasing nationalism and a decline in global co-operation. They shared their fears and frustrations. And the more they talked, the more they realised that while past mistakes had set the world on this bumpy course, a better path leading to a brighter future exists. Informed by their different perspectives, they sought a common goal: achievable solutions to fix our fractured world. This book is the product of that thinking.   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. An explanation of where we’ve gone wrong, and a provocative, inspiring plan to do nothing less than change the world, Permacrisis: A Plan to Fix a Fractured World, written with Reid Lidow, sets out how we can prevent crises and better manage the future for the benefit of the many and not the few. 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.

Compared to other regions of the world, the Middle East was once unique in its combination of authoritarianism and stultifying stability: No longer. Beginning in Tunisia, a wave of political upheaval has rolled across the region, reaching Egypt, Bahrain, Libya, and other countries caught between rising expectations and their antediluvian political systems, abetted by pan-Arab news channels and social networking media. This book examines the economics of the Middle East, with the aim of identifying changes to economic policy that could address at least the economic component of the challenges facing this part of the globe. The authors analyze the interaction of trade, productivity growth, and the political difficulties that may ensue as these countries move towards greater openness. Relevant comparisons are drawn from the experience of the transition economies and India on potentially successful policies and those likely to exacerbate existing problems.This new second edition contains a new introduction from Mohamed A. El-Erian and a new postscript.

The ultimate behind-the-curtain look at the hedge fund industry, unlocking the most valuable stories, secrets, and lessons directly from those who have played the game best. Written by Maneet Ahuja, the hedge fund industry insider, The Alpha Masters brings the secretive world of hedge funds into the light of day for the first time. As the authority that the biggest names in the business, including John Paulson, David Tepper, and Bill Ackman, go to before breaking major news, Ahuja has access to the innermost workings of the hedge fund industry. For the first time, in Alpha Masters, Ahuja provides both institutional and savvy private investors with tangible, analytical insight into the psychology of the trade, the strategies and investment criteria serious money managers use to determine and evaluate their positions, and special guidance on how the reader can replicate this success themselves. There are few people with access to the inner chambers of the hedge fund industry, and as a result it remains practically uncharted financial territory. Alpha Masters changes all that, shedding light on star fund managers and how exactly they consistently outperform the market. The book: * Contains easy-to-follow chapters that are broken down by strategy Long/Short, Event Arbitrage, Value, Macro, Distressed, Quantitative, Commodities, Activist, pure Short, Fund of Funds * Includes insights from the biggest names in the trading game, including Ray Dalio, Marc Lasry, Jim Chanos, Sonia Gardner, Pierre Lagrange, and Tim Wong * Features contributions from industry icon Mohamed El-Erian Many of the subjects profiled in this groundbreaking new book have never spoken so candidly about their field, providing extremely provocative, newsworthy analysis of today's investing landscape.

The tragic events of September 11 and the subsequent war in Iraq have focused international attention on a nexus of problems involving economic underperformance, problematic internal politics, and the externalization of domestic dissent in the Muslim world. This book examines the economics of the Middle East, with the aim of identifying changes to economic policy that could address at least the economic component of the challenges facing this part of the globe. The authors analyze the interaction of trade, productivity growth, and the political difficulties that may ensue as these countries move towards greater openness. Relevant comparisons are drawn from the experience of the transition economies and India on potentially successful policies and those likely to exacerbate existing problems.

The #1 "New York Times" and #1 "Wall Street Journal" Bestseller. .

Mohamed A. El-Erian is one of the most gifted and successful risk. management practitioners in the world. In this book he combines an. academics insight into advanced risk analysis with a portfolio managers. grasp of real world economics. This book is an essential read for those who. wish to understand the modern world of investing..
Alan Greenspan.

"Few people are as well positioned to understand markets as Mohamed El-Erian. He is almost unique in being able to attack the credit crisis from the perspectives of academic economist, policy official, investment banker and fund manager...Mr. El-Erian's insights are as valuable as ever."
--"Financial Times," .

. "El-Erian is a doer and a thinker and someone who understands the risks of rare events. [Never before, have] I seen such a combination. Read this book.."
Nassim Nicholas Taleb, author "The Black Swan," .

This extraordinary book portrays the future with a powerful and. trail-blazing illumination of the past..
Peter L. Bernstein, author "Capital Ideas Evolving"
.

Brilliantly written, easy to understanda forceful explanation. of our changing global economy..
Bill Gross, Managing Director, Founder and CIO, PIMCO.

Mohamed El-Erian, with his deep grounding in economics and his profound. knowledge of financial markets, has written a book that no one else could write..
Seth A. Klarman. Mohamed El-Erians book is an important, wise and insightful analysis..
Michael Spence, recipient of the Noble Prize in Economics (2001). Niall Ferguson, William Ziegler Professor at Harvard Business School.

Mohamed El-Erian is a deep thinker of the global financial and economic scene..
Arminio Fraga, Founding Partner, Gavea Investimentos and Former President, Central Bank of Brazil.

Mohamed El-Erian is that rare creature: a skillful participant. in financial markets who is also a brilliant analyst of them. He has written. a book that is important and urgent..
Fareed Zakaria, editor, "Newsweek International,"

"Mr. El-Erian . . . offers extremely detailed advice.
--Paul B. Brown, "The New York Times,"

El-Erian...specializes in spotting trends amid the blur and clanging noise of markets in motion. He steps back to consider the big picture and offer tips on how to allocate your assets in his new book, "When Markets Collide: Investment Strategies for the Age of Global Economic Change," El-Erian does offer something valuable for investors seeking to benefit from the global economic realignment: a road map. In a chapter on asset allocation, he provides an illustrative mix for a long-term U.S.-based investor..
"--Bloomberg News," .

The recent turmoil in financial markets is a symptom of realigning economic power around the world, promising investors more rough times ahead, prominent fund manager Mohamed El-Erian writes in a new book.
--Reuters. .