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Books > Business & Economics > Economics > Economic theory & philosophy
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Global Economic Turmoil And The Public Good (Hardcover)
Loot Price: R2,985
Discovery Miles 29 850
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Global Economic Turmoil And The Public Good (Hardcover)
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The global financial crisis of 2008 was resolved over the course of
two years after the collapse of the US housing bubble, but the
world economy did not vigorously rebound as expected. The West has
been torpid, while Asian economic vitality has steadily waned.
These developments have been diversely interpreted and authorities
have responded with a series of institutional reforms and policy
fixes, without coming to grips with accumulating national debts,
the kinds of speculative practices that caused the financial
crisis, and the inadequacies of neoclassical and Keynesian
macroeconomic explanations.Global Economic Turmoil and the Public
Good presents the cumulative research of both authors. It updates
the readers on global economic developments since 2008, while
providing a concise, yet comprehensive survey of the causes and
protracted consequences of the 2008 financial crisis. The book
explains the global financial disequilibrium and catastrophic
crisis risks; surveys and appraises institutional reforms designed
to reinvigorate growth and ameliorate financial crisis risk; and
proposes specific actions which will prevent another global
financial crisis and its economic fallout.
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