Nobel Laureate Warns of Economic Dangers and Institutional Risks

Economist Simon Johnson highlights the perils of poor economic policy and the potential impact of a Trump presidency on global stability.

Simon Johnson, awarded the Nobel Prize in Economics, cautions Western governments about the consequences of inadequate economic policies.
Johnson emphasizes that prosperity and stability are not guaranteed, urging governments to ensure economic well-being for most citizens.
His research, conducted with Daron Acemoglu and James A. Robinson, focuses on the role of societal institutions in economic disparities between nations.
Johnson warns that a potential victory for Donald Trump in the upcoming U.S. presidential election could harm institutions domestically and globally.
He stresses the importance of creating and maintaining well-paying jobs as a foundation for economic stability.