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.
development already know: today’s world is not business as usual. In just a few short years, the global landscape has transformed in a way that very few of us could ever have anticipated.
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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 
the needs are particularly large to provide for growing populations and decades of underinvestment. 
next pandemic? 
Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023.
food supplies and threatened coastal areas. In the face of these challenges, the government is showing bold leadership and climate ambition. 
Netherlands for the World Bank 
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