Ilian Mihov, renowned economist and former Dean of INSEAD, joins Rajeev to explore the economic and geopolitical factors that drive business. Drawing from his extensive research on economic growth, the middle-income trap, and the global decline of democracy, Ilian provides a nuanced understanding of the factors shaping our current world.

They discuss the role of key institutions - rule of law, corruption control, and political stability - in fostering sustainable economic growth. Ilian highlights the "Great Wall" that middle-income countries face and the urgent need for institutional reforms, drawing intriguing parallels to the ways successful businesses build and rely on cultures to overcome their own barriers.

The global landscape has already shifted in 2025. Rajeev and Ilian discuss the rise of non-democratic states and its implications for both economics and politics. They also explore the complex relationship between democracy, economic systems, and sustainability, emphasizing the importance of long-term, values-driven steward leadership for both governments and organisations.

Tune in to learn about the interconnectedness of economics, politics, and sustainability, as well as the vital role of collaboration, innovation, and institutional partnerships in shaping the future.