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Susan Lund

MGI Partner, Washington DC
Leads research on trade and globalization, labor markets, and the macroeconomic outlook

About Susan

Susan Lund is a partner of McKinsey & Company and a leader of the McKinsey Global Institute. As a PhD economist, her research focuses on globalization and trade, and the impact of technology on work and workers. She is also a leader of McKinsey’s team modeling the impact of Covid-19 on economic growth. Her most recent research explores how global value chains and trade flow are evolving, and on how digital flows are transforming globalization and creating new winners and losers. Dr. Lund has an active travel schedule discussing research findings with CEOs and other executives at global Fortune 500 companies and she is a frequent speaker at global conferences. She has authored numerous articles in leading business publications, including Harvard Business Review, The Financial Times, The Wall Street Journal, The Washington Post, and Foreign Affairs.

Susan is on the Economic Advisory Board of the International Financial Corporation; a Board Director of the National Association of Business Economics; and a member of the Center for Global Development Study Group on Technology and Development Prospects.

Susan holds a Ph.D. in applied economics from Stanford University and a B.A. in economics from Northwestern University. She has lived and worked in Africa and Asia and currently resides in Washington, DC.

Video
Retraining the workforce for the age of automation
Susan Lund explains recent research with McKinsey Global Institute that finds that there will be enough jobs for people in the future, but they will be different jobs than what exist today.

Selected published work

What 800 executives envision for the postpandemic workforce,” McKinsey Global Institute, September 2020

COVID-19 and climate change expose dangers of unstable supply chains,” McKinsey & Company, August 2020

Risk, resilience, and rebalancing in global value chains,” McKinsey Global Institute, August 2020

Banking system resilience in the time of COVID-19,” McKinsey & Company, August 2020

COVID-19 and jobs: Monitoring the US impact on people and places,” McKinsey & Company, April 2020

In the tunnel: Executive expectations about the shape of the coronavirus crisis,” McKinsey & Company, April 2020

Lives and livelihoods: Assessing the near-term impact of COVID-19 on US workers,” McKinsey & Company, April 2020

Safeguarding our lives and our livelihoods: The imperative of our time,” McKinsey & Company, March 2020

Will robots take your job before you even graduate?,” Quartz, November 2019

Automation and economic disparity: A new challenge for CEOs,” McKinsey & Company, October 2019

The future of work in America: People and places, today and tomorrow,” McKinsey Global Institute, July 2019

China and the world: Inside the dynamics of a changing relationship,” McKinsey Global Institute, July 2019

The global economy's next winners,” Foreign Affairs, June 2019

Next generation technologies and the future of trade,” VOX EU, April 2019

Dozens of countries are in talks to regulate cross-border e-commerce,” Axios, March 2019

Anger over tariffs obscures a shift in patterns of global trade,” Financial Times, February 2019

The next era of globalization will be shaped by customers, technology, and value chains,” Harvard Business Review, February 2019

Globalization in transition: The future of trade and value chains,” McKinsey Global Institute, January 2019

China and the world: Inside a changing economic relationship,” McKinsey Global Institute, December 2018

A decade after the crisis, it’s a different world,” McKinsey Quarterly, October 2018

A decade after the global financial crisis: What has (and hasn’t) changed?,” McKinsey Global Institute, August 2018

"Are corporate bonds a bubble ready to burst?," Financial Times, July 2018

Are we in a corporate debt bubble?,” Project Syndicate, June 2018

Rising corporate debt: Peril or promise?,” McKinsey Global Institute, June 2018

Automation will make lifelong learning a necessary part of work,” Harvard Business Review, May 2018

"Skill shift: Automation and the future of the workforce," McKinsey Global Institute, May 2018

"Global finance resets," International Monetary Fund, December 2017

"Jobs lost, jobs gained: Workforce transitions in a time of automation," McKinsey Global Institute, November 2017

"As European banks retreat from the world stage China is stepping up," Harvard Business Review, September 2017

"Financial globalization 2.0," Project Syndicate, September 2017

"The new dynamics of financial globalization," McKinsey Global Institute, August 2017

"Here's what central bankers should really be focusing on at Jackson Hole," Fortune, August 2017

"Banking landscape shifts as Chinese groups globalise,"Financial Times, August 2017

"What's now and next in analytics, AI, and automation," McKinsey Global Institute, May 2017

"China’s role in the next phase of globalization," McKinsey Global Institute, April 2017

"Adapting to the new globalization," Project Syndicate, February 2017

"What the rise of Uber says about the gig economy today," Fortune, February 2017

"The promise of digital finance," Project Syndicate, December 2016

"Technology, jobs, and the future of work," McKinsey Global Institute, December 2016

"How digital finance could boost growth in emerging economies," McKinsey Global Institute, September 2016

"Five priorities for competing in an era of digital globalization," McKinsey Quarterly, May 2016

"Why investors may need to lower their sights," McKinsey Global Institute, April 2016

"Digital globalization: The new era of global flows," McKinsey Global Institute, February 2016

"Organizing for the future," McKinsey Global Institute, January 2016

"South Africa's bold priorities for inclusive growth," McKinsey Global Institute, August 2015

"Connecting talent with opportunity in the digital age," McKinsey Global Institute, June 2015

"Harnessing the power of shifting global flows," McKinsey Quarterly, February 2015

"Debt and (not much) deleveraging," McKinsey Global Institute, February 2015

"Lions go global: Deepening Africa's ties to the United States," McKinsey Global Institute, August 2014

"Global flows in a digital age," McKinsey Global Institute, April 2014

"QE and ultra-low interest rates: Distributional effects and risks," McKinsey Global Institute, November 2013

"Breaking the US growth impasse," McKinsey Quarterly, August 2013

"Game changers: Five opportunities for US growth and renewal," McKinsey Global Institute, July 2013

"Financial globalization: Retreat or reset," McKinsey Global Institute, March 2013

"Debt and deleveraging: Uneven progress on the path to growth," McKinsey Global Institute, January 2012

"An economy that works: Job creation and America's future," McKinsey Global Institute, June 2011

"Africa: The next growth market," Harvard Business Review, May 2011

"Five myths about interest rates," Washington Post, January 21, 2011

"Farewell to cheap capital: The implications of long-term shifts in global investment and saving," McKinsey Global Institute, December 2010

Interviews

Pandemic may worsen wage gap in US,” Podcast: Bloomberg Surveillance, June 2020

Virus impact may extend to 57 million U.S. jobs, McKinsey says,” Bloomberg, April 2020

Rise of the robots: Impact on wages,” CNBC Power Lunch, October 2019

Globalization in transition: High-skilled labor is now the holy grail,” World Affairs, March 2019

Trade's trade winds,” Stanford Institute for Economic Policy Research, March 2019

The rapid growth of global corporate debt,” Bloomberg TV, June 2018

Skills for the future,” BBC World Service, February 2018

The digital future of work: What skills will be needed?,” McKinsey Global Institute, July 2017

The digital future of work: What will automation change?,” McKinsey Global Institute, July 2017

America's aging population and slowing economic growth,” The Diane Rehm Show, August 2016

Selected Public appearances

Technology-enabled disruption,” Dallas Federal Reserve, May 2019

Globalization in transition: High-skilled labor is now the holy grail,” World Affairs, March 2019

Trade’s trade winds,” Stanford Institute for Economic Policy Research, March 2019

Why technology and not goods is a driver of globalization,” Aspen Ideas Festival, June 2018

Education

Stanford University
PhD in applied economics

Northwestern University
BA in economics