The Shifts And The Shocks

Author: Martin Wolf
Publisher: Penguin UK
ISBN: 0718197976
Size: 53.58 MB
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The Shifts And The Shocks from the Author: Martin Wolf. In The Shifts and the Shocks, Martin Wolf - one of the world's most influential economic commentators and author of Why Globalization Works - presents his controversial and highly original analysis of the economic course of the last seven years There have been many books that have sought to explain the causes and courses of the financial and economic crisis which began in 2007-8. The Shifts and the Shocks is not another detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us us about modern economies and economics. The book identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system. In the eurozone, these sources of instability were multiplied by the tragically defective architecture of the monetary union. It also shows how much of the orthodoxy that shaped monetary and financial policy before the crisis occurred was complacent and wrong. In doing so, it mercilessly reveals the failures of the financial, political and intellectual elites who ran the system. The book also examines what has been done to reform the financial and monetary systems since the worst of the crisis passed. 'Are we now on a sustainable course?' Wolf asks. 'The answer is no.' He explains with great clarity why 'further crises seem certain' and why the management of the eurozone in particular 'guarantees a huge political crisis at some point in the future.' Wolf provides far more ambitious and comprehensive plans for reform than any currently being implemented. Written with all the intellectual command and trenchant judgement that have made Martin Wolf one of the world's most influential economic commentators, The Shifts and the Shocks matches impressive analysis with no-holds-barred criticism and persuasive prescription for a more stable future. It is a book no-one with an interest in global affairs will want to neglect. MARTIN WOLF is Associate Editor and Chief Economics Commentator at the Financial Times, London. He is the recipient of many awards for financial journalism, for which he was also made a CBE in 2000. His previous books include Why Globalization Works and Fixing Global Finance. "We have been inundated with books about the 'financial' aspects of the crisis. There have also been many books about specific institutions or memoirs by retired policy-makers. We need something different. There are two dimensions of the crisis that have received surprisingly little treatment. One is the link between developments in the macro-economy and the behaviour of the financial sector. The other is the global dimension of the crisis. Both these lie at the heart of Martin Wolf's analysis of the causes of the crisis and of his proposals to reduce the risk of another crisis. For these two reasons this is an important book that will be influential. Most important of all, it is in my view the right analysis and remedy" Mervyn King "To think straight about the causes and solutions of the financial crisis we must reject orthodox assumptions that more finance and global financial integration are limitlessly beneficial. The Shifts and the Shocks does just that, providing an intellectually sparkling and vital account of why the crisis occurred, and of the radical reforms needed if we are to avoid a future repeat" Adair Turner "Martin Wolf is unsurpassed in the world of economic journalists. His superb book may be the best of all those spawned by the Great Recession. It is analytical and rigorous without ever succumbing to fatalism or complacency" Lawrence Summers

The Shifts And The Shocks

Author: Martin Wolf
Publisher: Penguin Books
ISBN: 9780143127635
Size: 56.50 MB
Format: PDF
View: 6278
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The Shifts And The Shocks from the Author: Martin Wolf. The chief commentator for the Financial Times gives the complete picture of the global financial crisis, highlighting the existing frailties in the financial system that make more shocks possible and explains ways that we can make things more stable. 40,000 first printing.

Box Of Shocks

Author: Chris McMahen
Publisher: Orca Book Publishers
ISBN: 1554699193
Size: 36.66 MB
Format: PDF, Kindle
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Box Of Shocks from the Author: Chris McMahen. Oliver has helicopter parents-they love him, but they seriously cramp his style. He decides to fill an old wooden box with souvenirs from some of his outrageous and daring exploits. That way, he'll never forget the zombies, the killer dogs and the crazy cows, and his parents will never know that he once jumped from a bridge with the police in hot pursuit. But the biggest shock comes when Oliver realizes that the most terrifying things of all can't be controlled or contained.

Aftershocks

Author: Seva Gunitsky
Publisher: Princeton University Press
ISBN: 1400885329
Size: 54.84 MB
Format: PDF
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Aftershocks from the Author: Seva Gunitsky. Over the past century, democracy spread around the world in turbulent bursts of change, sweeping across national borders in dramatic cascades of revolution and reform. Aftershocks offers a new global-oriented explanation for this wavelike spread and retreat—not only of democracy but also of its twentieth-century rivals, fascism and communism. Seva Gunitsky argues that waves of regime change are driven by the aftermath of cataclysmic disruptions to the international system. These hegemonic shocks, marked by the sudden rise and fall of great powers, have been essential and often-neglected drivers of domestic transformations. Though rare and fleeting, they not only repeatedly alter the global hierarchy of powerful states but also create unique and powerful opportunities for sweeping national reforms—by triggering military impositions, swiftly changing the incentives of domestic actors, or transforming the basis of political legitimacy itself. As a result, the evolution of modern regimes cannot be fully understood without examining the consequences of clashes between great powers, which repeatedly—and often unsuccessfully—sought to cajole, inspire, and intimidate other states into joining their camps.

Future Shock

Author: Alvin Toffler
Publisher: Bantam
ISBN: 0553277375
Size: 20.23 MB
Format: PDF
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Future Shock from the Author: Alvin Toffler. Predicts the pace of environmental change during the next thirty years and the ways in which the individual must face and learn to cope with personal and social change

The Shock Of War

Author: Sean Kennedy
Publisher: University of Toronto Press
ISBN: 1442603704
Size: 15.49 MB
Format: PDF, Docs
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The Shock Of War from the Author: Sean Kennedy. In The Shock of War: Civilian Experiences, 1937-1945, Sean Kennedy shifts the reader's focus from the battlefields of the Second World War to the civilian experience. This short yet comprehensive history complements existing studies of the war that document diplomatic and military operations. While many of these studies acknowledge the significance of the conflict for civilians, The Shock of War places civilians at the centre of events, drawing attention to the many different regions of the world affected by the conflict, and comparing various facets of the civilian experience. Kennedy's fresh approach emphasizes the diverse and complex impact of the war, which was profoundly destructive, yet, in some societies, provided opportunities and the potential for positive change.

Shock Of Gray

Author: Ted Fishman
Publisher: Simon and Schuster
ISBN: 9781439191132
Size: 34.74 MB
Format: PDF, Mobi
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Shock Of Gray from the Author: Ted Fishman. The New York Times bestselling author of China, Inc. reports on the astounding economic and political ramifications of an aging world. The world’s population is rapidly aging—by the year 2030, one billion people will be sixty-five or older. As the ratio of the old to the young grows ever larger, global aging has gone critical: For the first time in history, the number of people over age fifty will be greater than those under age seventeen. Few of us under­stand the resulting massive effects on economies, jobs, and families. Everyone is touched by this issue—parents and children, rich and poor, retirees and workers—and now veteran jour­nalist Ted C. Fishman masterfully and movingly explains how our world is being altered in ways no one ever expected. What happens when too few young people must support older people? How do shrinking families cope with aging loved ones? What happens when countries need millions of young workers but lack them? How do compa­nies compete for young workers? Why, exactly, do they shed old workers? How are entire industries being both created and destroyed by demographic change? How do communities and countries remake themselves for ever-growing populations of older citizens? Who will suffer? Who will benefit? With vivid and witty reporting from American cities and around the world, and through compelling interviews with families, employers, workers, economists, gerontologists, government officials, health-care professionals, corporate executives, and small business owners, Fishman reveals the astonishing and interconnected effects of global aging, and why nations, cultures, and crucial human relationships are changing in this timely, brilliant, and important read.

Hall Of Mirrors

Author: Barry Eichengreen
Publisher: Oxford University Press, USA
ISBN: 0199392005
Size: 45.38 MB
Format: PDF, ePub
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Hall Of Mirrors from the Author: Barry Eichengreen. "A brilliantly conceived dual-track account of the two greatest economic crises of the last century and their consequences"--

The Retreat Of Western Liberalism

Author: Edward Luce
Publisher: Hachette UK
ISBN: 1408710390
Size: 51.37 MB
Format: PDF, Docs
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The Retreat Of Western Liberalism from the Author: Edward Luce. In his widely acclaimed book Time to Start Thinking, Financial Times columnist and commentator Edward Luce charted the course of American economic and geopolitical decline, proving to be a prescient voice on our current social and political turmoil. In The Retreat of Western Liberalism, Luce makes a larger statement about the weakening of western hegemony and the crisis of democratic liberalism - of which Donald Trump and his European counterparts are not the cause, but a symptom. Luce argues that we are on a menacing trajectory brought about by ignorance of what it took to build the West, arrogance towards society's losers, and complacency about our system's durability - attitudes that have been emerging since the fall of the Berlin Wall, treated by the West as an absolute triumph over the East. We cannot move forward without a clear diagnosis of what has gone wrong. Luce contrasts Western democratic and economic ideals, which rest on an assumption of linear progress, with more cyclical views of economic strength - symbolized by the nineteenth-century fall and present-day rise of the Chinese and Indian economies - and with the dawn of a new multipolar age. Combining on-the-ground reporting with intelligent synthesis of the vast literature already available, Luce offers a detailed projection of the consequences of the Trump administration and a forward-thinking analysis of what those who believe in enlightenment values must do to defend them from the multiple onslaughts they face in the coming years.

The Escape From Balance Sheet Recession And The Qe Trap

Author: Richard C. Koo
Publisher: John Wiley & Sons
ISBN: 1119028124
Size: 21.26 MB
Format: PDF, ePub
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The Escape From Balance Sheet Recession And The Qe Trap from the Author: Richard C. Koo. Compare global experiences during the balance sheet recession and find out what is needed for a full recovery The Escape from Balance Sheet Recession and the QE Trap details the many hidden dangers remaining as the world slowly recovers from the balance sheet recession of 2008. Author and leading economist Richard Koo explains the unique political and economic pitfalls that stand in the way of recovery from this rare type of recession that was largely overlooked by economists. Koo anticipated the current predicament in the West long before others and issued warnings in his previous books: Balance Sheet Recession and The Holy Grail of Macroeconomics. This new book illustrates how history is repeating itself in Europe while the United States, which learnt from the Japanese experience, is doing better by avoiding the fiscal cliff. However, because of the liberal dosage of quantitative easing already implemented, the United States, the United Kingdom, and Japan may face a treacherous path to normalcy in what Koo calls the QE Trap. He argues that it is necessary to understand balance sheet recession in order to resolve the Eurozone crisis, particularly the competitiveness problems. Koo issues warnings against those who are too ready to argue for structural reforms when the problems are actually with balance sheets. He re-examines Japan's two decades of experiences with this rare recession and offers an insider view on the Abenomics. On China, readers will gain a very different historical perspective as Koo argues that western commentators have forgotten their own history when they talk about the re-balancing of the Chinese economy. Learn from Japan which experienced the same predicament afflicting the West fifteen years earlier Discover how unwinding of quantitative easing will affect the United States, the United Kingdom, Japan, as well as the emerging world Examine solutions to the Eurozone problems caused by two balance sheet recessions eight years apart Gain insight into China's problems from the West's own experiences with urbanisation Koo, who developed the concept of balance sheet recession based on Japan's experience, took the revolution in macroeconomics started by John Maynard Keynes in 1936 to a new height. The Escape from Balance Sheet Recession and the QE Trap offers the world cure for balance sheet recession.