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Eswar Prasad

Eswar Prasad

26 commentaries

Eswar Prasad, Professor of Economics in the Dyson School at Cornell University, is a senior fellow at the Brookings Institution and the author of The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance (Harvard University Press, 2021).

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  1. The Global Economy’s Hidden Weaknesses
    prasad25_metamorworksGetty Images_globaleconomy metamorworks/Getty Images

    The Global Economy’s Hidden Weaknesses

    Oct 18, 2024 Eswar Prasad looks beyond promising headline trends to identify deep-seated risks and barriers to growth.

  2. A Weak, Uneven Global Recovery
    prasad24_Michael M. SantiagoGetty Images_nyse Michael M. Santiago/Getty Images

    A Weak, Uneven Global Recovery

    Apr 12, 2024 Eswar Prasad & Caroline Smiltneks explain why domestic political divisions and inflationary pressures jeopardize current market optimism.

  3. Whither Crypto?
    juels1_Anthony KwanGetty Images_bitcoin Anthony Kwan/Getty Images

    Whither Crypto?

    Nov 15, 2023 Ari Juels & Eswar Prasad look beyond the industry’s rampant fraud to a future of blockchain-enabled financial transparency.

  4. The Global Recovery Is Faltering
    prasad22_Michael M. SantiagoGetty Images_nyse Michael M. Santiago/Getty Images

    The Global Recovery Is Faltering

    Oct 6, 2023 Eswar Prasad warns that economic activity is weakening across the board, even as the specter of high inflation recedes.

  5. A Perilous Macroeconomic Moment
    prasad21_Michael M. SantiagoGetty Images_NYSE Michael M. Santiago/Getty Images

    A Perilous Macroeconomic Moment

    Apr 7, 2023 Eswar Prasad warns that inflation woes and banking failures are likely to impede global growth beyond this year.

  1. cferguson4_Patrick T. FallonGettyImages_jensen_huang Patrick T. Fallon/Getty Images

    The Crisis in Western AI Is Real

    Charles Ferguson

    Given the risks involved in the race for AI dominance, maintaining a strong lead within democratic advanced economies justifies a public-private strategic mobilization on the scale of the Manhattan Project. Yet the West is doing the opposite, largely owing to its own AI industry’s arrogance, shortsightedness, and greed.

    thinks the US industry bears a considerable share of the blame for China’s DeepSeek breakthrough.
  2. singer239_Andrew HarnikGetty Images_americafirst Andrew Harnik/Getty Images

    “America First” in Action

    Peter Singer assesses the damage Donald Trump has already done to long-term US interests since returning to the White House.
  3. varoufakis124_Luke SharrettGettyImages_palantir_demo Luke Sharrett/Getty Images

    Technofeudalism Is War’s Handmaiden

    Yanis Varoufakis explains how the rise of cloud capital is steering the world toward well-known strategic traps.
  4. buiter54_FABRICE COFFRINIAFP via Getty Images_swissnationalbank Fabrice Coffrini/AFP via Getty Images

    The Positive Case for Negative Rates

    Willem H. Buiter & Ebrahim Rahbari see the widely scorned monetary-policy tool as a necessary option in the absence of fiscal alternatives.
  5. ahzhang20_PETER CATTERALLAFP via Getty Images_deepseek Peter Catterall/AFP via Getty Images

    Will DeepSeek Upend US Tech Dominance?

    Angela Huyue Zhang says the firm’s disruption of the AI industry is about market – not great-power – competition.
  6. buruma222_Anna MoneymakerGettyImages_donald_trump_cross Anna Moneymaker/Getty Images

    Breaking US Democracy Beyond Repair

    Ian Buruma warns that Donald Trump’s efforts to tear down America’s “civic religion” will be difficult to reverse.
  7. patten172_Scott OlsonGetty Images_trump Scott Olson/Getty Images

    Can the Liberal International Order Survive Without America?

    Chris Patten urges Western countries to safeguard the institutions that have underpinned their postwar stability.
  8. norrlof9_Chip SomodevillaGetty Images_trump Chip Somodevilla/Getty Images

    Tariff Man’s Risky Bet

    Carla Norrlöf

    In betting that the economic fallout from his sweeping new tariffs will be worth the gains in border security, US President Donald Trump is gambling with America’s long-term influence and prosperity. In the future, more countries will have even stronger reasons to try to reduce their reliance on the United States.

    thinks Donald Trump's trade policies will undermine the very goals they aim to achieve.
  9. parke2_Odd AndersenGettyImages_nihon_hidankyo_nobel Odd Andersen/Getty Images

    The Case for Abolishing Nuclear Weapons

    Melissa Parke calls for eliminating arsenals to commemorate the 80th anniversary of the bombings of Hiroshima and Nagasaki.

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