New Global Dynamics: Managing Economic Change in a Transforming World

The world faces a conflux of powerful forces of change. Digital technologies and advances in artificial intelligence are transforming markets, economies, and societies. Global geopolitics is shifting, and the rise of China is challenging the postwar international order led by the United States. Geopolitical tensions are elevated, and so are political polarization and societal anxieties within countries as change creates winners and losers. Nationalist industrial policies and protectionism are surging. Added to this mosaic of change is climate change, which will have profound effects on global patterns of production, investment, and trade.
New Global Dynamics analyzes the implications of these transformations and addresses the new challenges institutions and policymakers face at national and global levels. It examines how these changes are affecting the global economy, the future of globalization, international power structures, and competition in markets, delving into the shifting dynamics in industry, trade, and finance.
International cooperation has become more daunting, but it is essential in matters ranging from the regulation of new technologies to trade policies to global finance to climate transition. In a more contested world, a rules-based international order has become even more critical

Zia Qureshi is a senior fellow in the Global Economy and Development program at Brookings. His research covers a broad range of global economic issues. He has recently led research projects at Brookings on technology, globalization, and the shifting growth and distribution dynamics in the world today. He previously worked in leadership positions at the World Bank and the IMF, including serving as director, Development Economics, at the World Bank. He led several World Bank and IMF flagship publications. He holds a D.Phil. in economics from Oxford University, where he was a Rhodes Scholar.

Daehee Jeong is director of the Department of Macroeconomic and Financial Policies at the Korea Development Institute (KDI). He previously led the Office of Global Economy at KDI and served as a senior economist at the World Bank. With expertise in international finance, macroeconomic forecasting, and financial regulation, his research has appeared in KDI papers, studies, and academic journals, with a particular focus on Korea’s macroeconomic management and policy planning. He holds a Ph.D. in economics from the Texas A&M University.