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HUBRIS: Why economists fail to predict the crisis and how to avoid the next one?

Global governance institutions are not enough to deal with the economic crisis, especially on monitory front, says Sartaj Aziz, the National Security and Foreign Affairs Advisor. Speaking at the launch of a book titled "HUBRIS: Why economists fail to predict the crisis and how to avoid the next one" organized by Oxford University Press in collaboration with SDPI at Islamabad, he adds: the emergence of regional economic cooperation through Asian Infrastructure Investment Bank (AIIB), and BRICS would bring about major structural changes in the global governance system reducing the risk of economic crisis like 2008 financial crisis. Raja Taimur Hassan has the story...

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