The turbulence of the pandemic is likely just the curtain-raiser for a coming age of upheaval in the global economy, as climate change and the rise of China upend the established order, according to one of the world’s bestselling financial historians.
Columbia University professor Adam Tooze’s last book explored the long aftermath of the 2008 financial crisis. His new one “Shutdown: How Covid Shook the World’s Economy,” published this past week, is a rapid-response history of the economic disruptions caused by the pandemic –- and how policy makers responded.
In an interview, Tooze talked about the book’s portrayal of an unprecedented crisis, what governments and investors learned from it, and how economies are being reshaped as a result.
Following are extracts from that conversation, lightly edited for clarity.
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World Economy Like a Patient on Experimental Drugs, Says Tooze - Bloomberg
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