Eswar Prasad

You know, if we see the rest of the world through these eyes where, you know, we think about the other as the problem, you know, the other could be domestic economic and political elites or immigrants or China.

We stop thinking about what is really needed to fix our own problems rather than blaming others for our problems.

So I think it is also important

creating a more jaundiced view of Americans towards the rest of the world.

I think the solution is not that difficult to see, but very difficult to execute.

I mean, each of us, I think, has a responsibility as citizens.

We have to see ourselves as citizens not just of our countries, but of our communities, of the world at large, and recognize that shared prosperity is really the only way forward.

We need leaders, you know, community leaders, business leaders, national leaders who can help us see beyond our short-term prejudices, our fears, and really guide us through hope for a better future.

But ultimately, and this comes to the policy question, we need solid institutions.

When I think about the greatness of America, about the American dollar, which I've talked about in many of my writings,

What is really important is the institutional framework here that includes the rule of law, which even the government is subservient to.

The government creates the laws, but it has to follow them once it's created.

The free and fearless press that holds government officials and others to account.

A system of checks and balances.

An independent central bank that can maintain monetary policy stability.

So all of these are pretty important.

And in addition, we need international institutions.

You know, I used to work at the IMF.

I think it still serves a very useful role.

Institutions like that that can maintain common rules of the game.