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Mohamed A. El-Erian is chief economic advisor at Allianz, the corporate parent of PIMCO where he served as CEO and co-CIO (2007-2014), and chair of President Obama's Global Development Council. His last book, When Markets Collide, won the Financial Times/Goldman Sachs Award for the best business book of the year, was highlighted as a best book of the year by The Economist, and was called the best business book of all time by The Independent. El-Erian is a contributing editor at the Financial Times, a Bloomberg columnist and his writings have appeared in The Guardian, Project Syndicate, The Telegraph, the Huffington Post and Reuters.
'Central banks saved the world economy from collapse. But they cannot create enduring and stable economic growth. What is needed now, argues this distinguished and knowledgeable author, are "invigorating structural reforms, rebalancing aggregate demand, lifting crippling debt overhangs, and modernising regional and global architectures". He is right.' - Martin Wolf, Financial Times -- Martin Wolf Financial Times "During my time on Wall Street, I witnessed both high and low times. If you want to understand the modern global economy, you should read this book. El-Erian is an incredibly clear thinker and explains complex ideas in an articulate way that is understandable to the financial novice while engaging to a seasoned industry veteran. Although no one can predict the future, this book comes close."-Sallie Krawcheck, Inc -- Sallie Krawchek Inc