As of 2023, global debt has ballooned to an eye-watering $300 trillion. That’s an average of $37,500 for every person on the planet. Why is global debt so high? Decades of low-interest rates and cheap goods made money easy to borrow. Then, along came a pandemic that stalled growth and war in Ukraine that drove food and energy prices through the roof. While these crises impacted almost every nation on Earth, they didn’t react in the same way. While the US and the European Union pumped trillions of pandemic stimulus money into their economies to keep them afloat, poorer nations kept borrowing money they couldn’t afford to pay back. Now, an estimated 60% of those countries are facing debt distress, and rising inflation means paying down those bills is more expensive. Can the world do anything about the impending debt crisis before it’s too late? On GZERO World, Ian explains what the debt problem means for the global financial system and whether it needs to be transformed to confront the economic realities of the developing world.
Thinkers 50 List: The World’s Most Influential Management Thinkers
THINKERS50 BEGAN IN 2001 AS A RANKING OF THE WORLD’S MOST INFLUENTIAL MANAGEMENT THINKERS. For over 20 years, Thinkers50 has been identifying, ranking, and sharing…
Thought Leader: Liz Wiseman, Kaihan Krippendorff, Andrew Winston
Dr. Sanjay Gupta: Anchoring Autism
Dr. Sanjay Gupta brings unparalleled credibility, experience, and clarity to the stage as one of the world’s most trusted voices in health and medicine. As CNN’s…
Thought Leader: Sanjay Gupta
Peter Zeihan: The Semiconductor Frontier
We’ve discussed how essential semiconductors are in our increasingly technological world, so here’s an update on ASML’s new High-NA EUV lithography machines. ASML already builds…
Thought Leader: Peter Zeihan
Ian Bremmer: Is the US falling behind China?
Thought Leader: Ian Bremmer
Ian Bremmer: A ‘Political Revolution’ Is Underway In US
Thought Leader: Ian Bremmer
Ian Bremmer: Trump-Xi meeting in South Korea
Thought Leader: Ian Bremmer
