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Ian Bremmer and Amina Mohammed on the promise and peril of AI
In a GZERO Global Stage discussion at the 79th UN General Assembly, Ian Bremmer and Amina Mohammed emphasized the potential of artificial intelligence (AI) to drive progress towards the Sustainable Development Goals (SDGs) and address global inequities.
Bremmer noted that AI could be the key to achieving goals like clean water access and reducing hunger, pointing out the transformative power AI could bring in the coming years.
"AI is your opportunity," Bremmer said. He highlighted the importance of capacity building, standard setting, and ensuring that the Global South has a seat at the table in AI governance efforts, noting that AI has the potential to move the world towards meaningful progress by 2030.
Amina Mohammed echoed this sentiment but urged caution, emphasizing the need for responsible deployment of AI. "It's really exciting, it's scary, and we're not ready," she said, stressing the importance of investments and proper infrastructure to ensure AI benefits humanity as a whole. Mohammed underscored the responsibility of global leaders to ensure checks and balances are in place as AI continues to evolve.
Bremmer and Mohammed spoke during GZERO’s Global Stage livestream, “Live from the United Nations: Securing our Digital Future,” an event produced in partnership between the Complex Risk Analytics Fund, or CRAF’d, and GZERO Media’s Global Stage series, sponsored by Microsoft. The Global Stage series convenes heads of state, business leaders, and technology experts from around the world for critical debates about the geopolitical and technology trends shaping our world.
World Bank's David Malpass on global debt & economic inequality
The world has a huge debt problem. Economic growth is slowing, but global debt is skyrocketing.
David Malpass sits down with Ian Bremmer on GZERO World for his final interview as president of the World Bank Group to discuss the debt crisis, his tenure at the World Bank, and solutions for combatting growing economic inequality.
Global debt has ballooned in the last two decades to an eye-watering $300 trillion due to years of low interest rates and cheap goods that made money easy to borrow. Then, along came the pandemic which stalled growth and a war in Ukraine that shot up food and energy prices, leading to runaway global inflation.
Rich countries reacted by injecting trillions of dollars of stimulus money into their economies, borrowing huge sums in order to do so.
"So much more of the world's capital is going just to pay off the debt of the advanced economies," Malpass warns, "That leaves less for everybody else, and I think that's a grave concern."
Malpass also spoke about China's emergence in the 21st century as the world's creditor, his proudest accomplishments as World Bank president, and advice for his successor, Ajay Banga. He also points to countries like India and Indonesia, which he believes are poised for significant economic expansion.
Can the world solve the global debt crisis before it's too late? Watch this full interview with David Malpass on GZERO World with Ian Bremmer.
- World faces "lost decade" of economic growth, says World Bank economist ›
- Graphic Truth: Global inequality ›
- US debt default would be "destabilizing," says World Bank's David Malpass ›
- Debt ceiling crisis: A default by any other name... ›
- Staving off default: How unsustainable debt is threatening human progress ›
- Is the global debt apocalypse here? ›
- Debt limits of rich countries hurt poor countries' growth, says World Bank's Malpass - GZERO Media ›
- Ian Explains: Why is global debt so high? - GZERO Media ›
- World Bank economist: The poorest are getting poorer globally - GZERO Media ›
Podcast: Fix the global debt crisis before it's too late, warns World Bank's David Malpass
Listen: In his final interview as World Bank president, David Malpass sits down with Ian Bremmer on the GZERO World podcast to discuss all things debt. No, not your credit card or mortgage payments, but the sovereign debt that governments use to pay their bills.
Global debt has ballooned to an eye-watering $300 trillion due to decades of low interest that made borrowing money extremely cheap, followed by runaway inflation driven by the pandemic and war in Ukraine. This dynamic has forced a lot of nations––particularly the poorest––to borrow more money than it can pay back.
In a wide-ranging interview, Malpass explains how the global debt crisis got so bad and whether there's any hope of averting economic disaster before it's too late. He also reflects on his tenure as World Bank president, advice for his successor, China's emergence in the 21st century as the world's creditor, and why the US debt limit law needs to be rewritten.
Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform, to receive new episodes as soon as they're published.- Odds of a global recession? 50/50, says David Malpass ›
- Explaining the long history of US debt (& which other countries are saddled with debt) ›
- US debt default would be "destabilizing," says World Bank's David Malpass ›
- World faces "lost decade" of economic growth, says World Bank economist ›
- Inequality isn't inevitable - if global communities cooperate ›
- Graphic Truth: Global inequality ›
- Debt limits of rich countries hurt poor countries' growth, says World Bank's Malpass - GZERO Media ›
- Ian Explains: Why is global debt so high? - GZERO Media ›
- World Bank economist: The poorest are getting poorer globally - GZERO Media ›
World faces "lost decade" of economic growth, says World Bank economist
The World Bank predicts that the global economy now faces a decade of lost growth, in part due to an older workforce and lower productivity. Is the way out of the looming doldrums to have a young population like Nigeria?
Yes, but those countries will need help from wealthy nations to invest in things like education to reap the benefits of their demographic divided, World Bank deputy chief economist Ayhan Kose tells GZERO's Tony Maciulis at the World Bank/IMF spring meetings in Washington, DC.
Meanwhile, the lender also wants developed countries to focus on its priority No. 1: climate. And there's always reforming the institution itself.
Kose explains why he thinks the World Bank can accomplish both goals, his take on whether artificial intelligence will deepen global inequality, and if believes a global recession is inevitable.
- What geopolitics stories could still blow up the global economy? ›
- Hard Numbers: Environmentalists targeted, World Bank outlook improves, mass shooting in Louisville, fiery cocktails in Northern Ireland, Winnie-the-Pooh gets punched ›
- Hard Numbers: World Bank chief resigns, Another Russian journalist jailed, Ukraine’s humanitarian needs, pessimistic Nigerians, good riddance Johns Hopkins tracker ›
- Want to help poor countries now? Open your markets to their farmers, World Bank chief tells wealthy nations ›
- Can the world avoid a global recession? ›
- Podcast: Fix the global debt crisis before it's too late, warns World Bank's David Malpass - GZERO Media ›
Philanthropy's moment to act
Note: This interview appeared as part of an episode of GZERO World with Ian Bremmer, "Inequality isn't inevitable - if global communities cooperate" on January 29, 2023.
It's almost the first anniversary of Russia's war in Ukraine. On March 11, it'll be three years since the World Health Organization declared COVID-19 a pandemic. And 2022 was the sixth warmest year on record since 1880. We are still dealing with the fallout from all three events. But not equally. Since 2020, the richest 1% of people has accumulated nearly two-thirds of all the new wealth created in the world.
On GZERO World, Ian Bremmer speaks to UN Foundation President and CEO Elizabeth Cousens, who thinks it's the perfect time for institutions backed by the 1 percent to step up even more. Foundations have traditionally resisted going big on fixing the world's problems because they're in it for the long run. The stakes are so high and the crises so urgent that Cousens sees a window of opportunity for philanthropy to take swift action instead of their traditional long-term approach. When it comes to immediate and deadly problems like famine and flooding, an influx of money could start making a huge difference very quickly.
Watch the GZERO World episode: Inequality isn't inevitable - if global communities cooperate
Why philanthropic foundations need to spend money (and quickly)
In today's world, where global development needs are high and seismic geopolitical events have turned back the clock on so much progress, UN Foundation President Elizabeth Cousens says its the perfect time for philanthropy to step up.
Indeed, there's a lot more that can be done, Cousens tells Ian Bremmer on GZERO World.
And philanthropy, she explains, doesn't have to be about greenwashing or PR but rather a way of making things better in many places that have been through more than their fair share in recent years.
Cousens believes there's been a "real reckoning" among people and corporations who are "increasingly recognizing their contribution to the state of the world that is not particularly healthy." And there's the opportunity for them to do real good.
Watch the GZERO World episode: Inequality isn't inevitable - if global communities cooperate
"We're in this together" — UN Foundation chief
Global development has been going backwards since even before the pandemic, and there's no end in sight.
Extreme poverty is now rising again, and fraught politics at every level is making it harder to fight inequality around the world.
But it's not an irreversible trend, UN Foundation President Elizabeth Cousens tells Ian Bremmer on GZERO World.
“The challenge of our times," she says, is "to re-galvanize that spirit of 'we're in it together' — [that] we have more in common than we have that divides us.“
Watch the GZERO World episode: Inequality isn't inevitable - if global communities cooperate
Our unsustainably unequal world
The past is still very much with us.
It's almost the first anniversary of Russia's war in Ukraine. On March 11, it'll be three years since the World Health Organization declared COVID-19 a pandemic. And 2022 was the sixth warmest year on record since ... 1880.
We are still dealing with the fallout from all three events. But not equally.
Since 2020, the richest 1% of people has accumulated nearly two-thirds of all the new wealth created in the world. Just 10% of the population owns three-quarters of global wealth — and account for nearly half of carbon emissions.
What can we do to turn this around?