The economic crisis of 2008-2009 and beyond has provided the
greatest challenge to public policy in the developed world since
the Second World War, as the use of public monies to support banks
and declining tax revenues have resulted in rising government
borrowing and national debt.
This book evaluates the failures of public policy in the half
decade before the crisis, using the conceptual framework of complex
systems. This analysis reveals the fundamental failings of
globalization and the lack of a robust and resilient public sector
paradigm to assist countries in economic recovery. The research has
benefited from UK Economic and Social Research Council (ESRC)
funding for a Knowledge Exchange that applied the most relevant and
applied aspects of complex systems theory to contemporary policy
problems.
Innovative statistical methods are used to profile and group
countries both before and after the 2008-09 crisis. This shows the
countries that are best prepared for the ongoing and prolonged Euro
zone crisis of 2010-12. The book proposes a new model of public
policy that asserts itself over the paradigm of market liberalism
and places the public values of full employment, sustainability and
equality at the top of the post crisis policy agenda.
General
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