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Books > Business & Economics > Economics > Financial crises & disasters
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The Impoverishment of Nations - The Issues Facing the Post Meltdown Global Economy (Paperback)
Loot Price: R482
Discovery Miles 4 820
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The Impoverishment of Nations - The Issues Facing the Post Meltdown Global Economy (Paperback)
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List price R573
Loot Price R482
Discovery Miles 4 820
You Save R91 (16%)
Expected to ship within 10 - 15 working days
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Early in 2007 Leigh Skene warned of the danger of a meltdown in
global markets. Now, while governments spend furiously to rescue
the global economy, he again challenges received wisdom. In The
Impoverishment of Nations, he prescribes a different solution,
outlining a plan to deal with a very different economic future,
following the financial crisis that ended the longest period of
prosperity for some five hundred years.
We have entered a period of uncertainty, which has placed a huge
burden on public finances. Governments have spent $10 trillion on
bailing out financial institutions and other firms, including
General Motors. We are at a tipping point and the future will be
unlike the past - one of the most dangerous economic stages any
generation can face.
In his penetrating analysis, Leigh Skene traces how we got here and
what has to happen for the global economy to recover the ground it
has lost in less than two years. He looks at the shift of economic
power to emerging nations, the inevitability of deflation, the
unfitness for purpose of the financial markets, how governments'
share of output must shrink, how solvency not liquidity caused the
current crisis, and how it is wrong to think you can borrow your
way to growth.
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