Gordon Brown's book will offer insight into the events that led to the fiscal downward spiral and the reactions of world leaders as they took steps to avoid further disaster. The book will also offer measures Brown believes the world should adopt to regain fiscal stability. Long admired for his grasp of economic issues, Brown's book will be a work of paramount interest during these uncertain financial times and is sure to attract intense media coverage. The book offers a unique perspective on the financial crisis as well as innovative ideas that will help create a sound economic future and will help readers understand what really has happened to our economy. Mr Brown has this to say: 'We now live in a world of global trade, global financial flows, global movements of people and instant global communications. Our economies are connected as never before, and I believe that global economic problems require global solutions and global institutions. In writing my analysis of the financial crisis, I wanted to help explain how we got here, but more importantly to offer some recommendations as to how the next stage of globalisation can be managed so that the economy works for people and not the other way around'
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The crisis exposed the contradiction of globalization itself: as economies have become more interconnected, regulators and governments have failed to keep pace and increase coordination. It is a failure intrinsic to unregulated global markets, an instability that resulted from the manner in which increasing flows of capital around the world happened and impacted the economy. And it is a failure of collective action at an international level to respond quickly enough to the structural imbalances and inequities that arose.
At its simplest, then, this is the first true crisis of globalization. For the first time everybody, from the richest person in the richest city to the poorest person in the poorest slum, was affected by the same crisis. Although its roots are global, its impact is local, directly felt on nearly every main street, on nearly every shop floor, around nearly every kitchen table.
Billions of people around the world are in need of and are demanding a better globalization. It is the nature of power that you always leave tasks unfinished when you leave office. It is the nature of politics that the argument must continue. This book is my warning of a decade of lost growth and my answer to that fear with a call for a better globalization. It is an explanation of a pattern in the numbers that points to an enormous opportunity to alleviate poverty, create jobs, and grow. A future of low growth, high unemployment, decline and decay is not inevitable. It's about the change we choose.
978-0-85720-285-7
‘Gordon Brown will publish his account of the global financial crisis in November'
Daily Telegraph 27/7
'Take courage: Former prime minister Gordon Brown will hope to join fellow labour figures Peter Mandelson and Tony Blair on the publishing charts this autumn with a book on the global economic financial crisis'
The Bookseller 30/7
'Gordon Brown is to publish his much-anticipated account of the global financial crisis'
Manchester Evening News 27/7
'Gordon Brown is to publish a book on how we can move on from the bank crisis. The former prime minister argues 'markets need morals' in Beyond the Crash, saying the world needs 'a global growth plan for jobs and juctice.' He writes: 'Globalisation can be managed so the economy works for people and not the other way'
Metro 2/10
Brown's Book Blows Lid on Financial Crisis
‘Hot on the heels of Tony Blair's autobiography is Gordon Brown's book, Beyond the Crash. Released this week, it delves into how the world's leaders reacted to the financial collapse and looks to be spearheading a new trend for post-recession entertainment... Here's what to expect: Beyond the Crash "Brown provides an intimate account of the financial and political events as they unfolded, whilst putting forward a solution to the ongoing global problem"’
Stylist Magazine 1/10
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