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Shutdown - How Covid Shook the World's Economy (Paperback)
Loot Price: R270
Discovery Miles 2 700
You Save: R75
(22%)
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Shutdown - How Covid Shook the World's Economy (Paperback)
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List price R345
Loot Price R270
Discovery Miles 2 700
You Save R75 (22%)
Expected to ship within 5 - 10 working days
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FINALIST FOR THE ORWELL PRIZE FOR POLITICAL WRITING 2022 THE TIMES
BOOKS OF THE YEAR 2021 'A complex story, which Tooze tells with
clarity and verve... The world is unlikely to be treated to a
better account of the economics of the pandemic' The Times From the
author of Crashed comes a gripping short history of how Covid-19
ravaged the global economy, and where it leaves us now When the
news first began to trickle out of China about a new virus in
December 2019, risk-averse financial markets were alert to its
potential for disruption. Yet they could never have predicted the
total economic collapse that would follow in COVID-19's wake, as
stock markets fell faster and harder than at any time since 1929,
currencies across the world plunged, investors panicked, and even
gold was sold. In a matter of weeks, the world's economy was
brought to an abrupt halt by governments trying to contain a
spiralling public health catastrophe. Flights were grounded; supply
chains broken; industries from tourism to oil to hospitality
collapsed overnight, leaving hundreds of millions of people
unemployed. Central banks responded with unprecedented
interventions, just to keep their economies on life-support. For
the first time since the second world war, the entire global
economic system contracted. This book tells the story of that
shutdown. We do not yet know how this story ends, or what new world
we will find on the other side. In this fast-paced, compelling and
at times shocking analysis, Adam Tooze surveys the wreckage, and
looks at where we might be headed next. 'A seriously impressive
book, both endlessly quotable and rigorously analytical' Oliver
Bullough, The Guardian
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