It was truly inspiring to hear that Dr. Mohamed El-Erian has been awarded in the economics category of the Great Arab Minds awards, a fitting recognition for his “exceptional contributions to the field of economics and his perceptive analysis of changes i

His work, as HH Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, aptly noted, offers invaluable insights into the dynamics, trends, and future outlook of the global economy, aiding decision-makers worldwide. The announcement resonated deeply with my experience hosting Dr. El-Erian at an exclusive roundtable at the AIM Summit in Dubai in October. There, we explored his latest book, Permacrisis: A Plan to Fix a Fractured World, co-authored with former British prime minister Gordon Brown, Michael Spence, and Reid Lidow, which proposes strategies for crisis prevention and inclusive future management. We also referenced his earlier book When Markets Collide, published in 2008 during the build up to the GFC, where he pointed out how markets and many key financial actors failed to differentiate between background noise and important secular change. We discussed many other current pressing issues in the global economy: whether the major international financial institutions such as the IMF and the World Bank are still fit for purpose, the viability of the Fed’s “higher-for-longer” strategy, the proper figure for R-star or the neutral rate of interest, the long-term implications and potential dangers implicit in a de-globalising world economy and some of the likely impacts arising from the US’s weaponisation of the dollar. Dr. El-Erian’s insights gave us a better understanding of today's economy and challenged us to reconsider the way we approach global economic policies and strategies in a world that's constantly evolving.