Forward Thinking examines groundbreaking ways in which the world is evolving and how people and organizations can respond to changing demands and technologies. In each episode theorists, innovators, and business leaders discuss global trends—technology, artificial intelligence, globalization, urbanization, climate change, and more—with hosts Michael Chui and Janet Bush of the McKinsey Global Institute.
Leading economists Mike Spence and Mohamed El-Erian talk about the “pretty complicated and disorienting environment” we face.
In this episode of the McKinsey Global Institute’s Forward thinking podcast, co-host Michael Chui talks with A. Michael Spence, dean emeritus of the Stanford Graduate School of Business, and Mohamed El-Erian, president of Queens’ College Cambridge and chief economic advisor at Allianz. Together with former UK Chancellor of the Exchequer and Prime Minister Gordon Brown, they have leveraged decades of experience to explore the question “Is the world in a state of permacrisis?”
In this podcast, the guests touch on the following:
• How the New Zealand central bank came up with 2 percent as an arbitrary inflation target, which was then adopted by the central banks of major economies around the world.
• How the Queen of the United Kingdom asked a room full of economists why they hadn’t seen the Great Financial Crisis coming.
• How finance hijacked growth strategies, leading to 20 lost years of thinking about how to promote productivity and high, durable, inclusive growth.
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3 Sept 2024TRANSCRIPT
Has the drive toward human development been thrown into reverse?
The UNDP’s Pedro Conceição talks about today’s global gridlock, uncertainty complex, and a pervasive sense of disempowerment.
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2 Jul 2024TRANSCRIPT
Unpacking the mysteries of productivity
Leading economist Chad Syverson speculates about the ingredients in productivity’s secret sauce.
In this episode of the McKinsey Global Institute’s Forward thinking (https://www.mckinsey.com/mgi/forward-thinking) podcast, co-host Janet Bush talks with Chad Syverson. Syverson is George C. Tiao Distinguished Service Professor of Economics at the University of Chicago Booth School of Business. His work focuses on the interactions between firm structure, market structure, and productivity.
In this podcast, he covers topics including the following:
Why productivity is important
How the world economy is doing on productivity
What major themes of our age, from the path to net zero to trade fragmentation and aging, could impact productivity
The potential role of AI to change the game for productivity
How productivity growth is diffused
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Inside a recent episode
Is the world facing a state of permacrisis?
Published 25 Sept 2024 · Transcript excerpt
[…] There's an X for supply and to be encouraged. But what does it mean to be a supply demand, a supply constrained economy? How have things changed? So as Mike said, supply is not sufficiently flexible for the demand side. And that's a massive change from where we were coming out of global financial crisis. […]
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