Mini Recession of 2008: Foundation of Global Economic Order in 2050 - Couverture souple

Singh, Pramod

 
9781521927885: Mini Recession of 2008: Foundation of Global Economic Order in 2050

Synopsis

Starting in mid-2007, the global financial crisis quickly metamorphosed from the bursting of the housing bubble in the US to the worst recession the world has witnessed for over six decades. The world economy could be more than double in size by 2050, assuming broadly growth friendly policies (including no sustained long-term retreat into protectionism) and no major global civilisation-threatening catastrophes. The worldwide economic crisis in the early 1930s serves as a yardstick for the depth, speed and international extent of all economic crises ever since. Understanding its root causes and how it spread is key to preventing similar events from happening again. However, not only are economists divided about why it happened, there is still a considerable discussion about what actually happened, i.e. where it originated and how the crisis spread. This book is an attempt to analyse the root cause of 2008 crisis and how it is going to propel a new world order of 2050 !

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