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Nassim Nicholas Taleb

Nassim Nicholas Taleb

Writing for PS since 2011
2 commentaries
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Nassim Nicholas Taleb is Distinguished Professor of Risk Engineering at New York University. He is the author of The Black Swan: The Impact of the Highly Improbable.

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    A Global Economy Without a Cushion

    Stephen S. Roach

    From 1990 to 2008, annual growth in world trade was fully 82% faster than world GDP growth. Now, however, reflecting the unusually sharp post-crisis slowdown in global trade growth, this cushion has shrunk dramatically, to just 13% over the 2010-19 period, leaving the world economy more vulnerable to all-too-frequent shocks.

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