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. See www.mckinsey.com/privacy-policy for privacy information
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49:24
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.See www.mckinsey.com/privacy-policy for privacy information
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48:09
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 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 See www.mckinsey.com/privacy-policy for privacy information
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45:46
Delivering services to the public—digitally—with Jennifer Pahlka
A former US deputy chief technology officer talks about how digitization can be used to create a government that works for the people. Jennifer Pahlka is the founder of Code for America, served as the United States government’s deputy chief technology officer, and is author of the book Recoding America: Why Government Is Failing in the Digital Age and How We Can Do Better. Jenn joins us to share her personal reflections of her time in government and the path forward.See www.mckinsey.com/privacy-policy for privacy information
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49:47
What’s the future for cities in the postpandemic world?
Co-host Janet Bush talks with Ed Glaeser, the Fred and Eleanor Glimp Professor of Economics and the chairman of the Department of Economics at Harvard University. His latest book, coauthored with health economist David Cutler, is Survival of the city: The future of urban life in an age of isolation, written to make sense of what might be the impact of the pandemic on cities. They covers topics including: • Has the pandemic changed cities temporarily or permanently?• What does the hybrid building look like? • Do developing world cities teach us something new? • How can homelessness be tackled? See www.mckinsey.com/privacy-policy for privacy information
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.
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