As the U.S. continues to experience historically high inflation rates and increasing risks to its economy, it also faces a number of global geoeconomic challenges. These include the end of the era of globalization, rising financial instability and pressures to increase the production of certain strategically important goods for domestic use or export to friendly neighbors. Meanwhile, the U.S. and other countries are also contending with the economic implications of social, political and technological developments, such as population aging, greater competition from abroad, growing inequality, innovation and its impact on the labor market, and the global transition to cleaner energy sources.
On May 22 at Baker Hall, World Bank Group President David Malpass joined John W. Diamond, Director of the Center for Public Finance at the Baker Institute, to discuss the geoeconomic challenges — and opportunities — facing the United States and the world, and how to navigate them.
This event was sponsored by the Baker Institute Center for Public Finance.
focused on seeking individual debt restructurings through the G20 Common Framework. This remains a priority, but the implementation remains slow and lacks the predictability needed to provide debtors and creditors with confidence. The 
in education, health, and infrastructure among other things. These crises often spark civil unrest and government collapse, delivering a lasting setback to the growth prospects of the affected country. 
the equivalent of more than 200 percent of government revenues. 
around the world, review my bank account, or even order food. But even in our hyper-connected, data-driven world, it’s exceedingly difficult to pin down government debt – even for researchers with advanced skills and access to big databases. And that’s not for lack of trying.
balanced solutions to address both public health and economic recovery challenges. To understand which approaches have been successful and how these might help other countries and regions, policy makers from Colombia, Ghana, South Africa, Vietnam, and Italy’s Veneto region 
Netherlands for the World Bank 