Failed: What the "Experts" Got Wrong about the Global Economy

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9780195170184: Failed: What the

Why did the Eurozone end up with an unemployment rate more than twice than that of the United States and six years after the collapse of Lehman Brothers? Was crisis in the Eurozone inevitable? What caused the prolonged economic failure experienced by the majority of the world's low- and middle-income countries at the end of the 20th century?

Failed analyzes and ties together some of the most important economic developments of recent years with the common theme that they have been widely misunderstood and in some cases almost completely ignored. A central argument of Failed is that there are always viable alternatives to prolonged economic failure. Author Mark Weisbrot shows that political agendas are often the root cause of avoidable financial crises and drawing on lessons learned from previous crises, recessions, and subsequent recovers can prevent further failures in the future.

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About the Author:

Mark Weisbrot is co-director of the Center for Economic and Policy Research, in Washington, D.C. He received his Ph.D. in economics from the University of Michigan. He writes a column on economic and policy issues that is distributed to over 550 newspapers by the Tribune Content Agency. His opinion pieces have appeared in New York Times, the Washington Post, the Los Angeles Times and almost all major U.S. newspapers. He is president of Just Foreign Policy.

Contenuti:

  • Chapter 1 - Troubles in Euroland: When the Cures Worsen the Disease
  • Chapter 2 - This Time Could Be Different: The Aftermath of Financial Crises
  • Bibliography
  • Chapter 3 - Untold History, Unsolved Mystery: The Long-Term Economic Growth Failure
  • Chapter 4 - The Misunderstood Role of the International Monetary Fund
  • Chapter 5 - The Latin American Spring
  • Chapter 6 - Conclusion: Looking Ahead

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Weisbrot, Mark
Editore: Oxford University Press
ISBN 10: 0195170180 ISBN 13: 9780195170184
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Descrizione libro Oxford University Press, United Kingdom, 2015. Hardback. Condizione libro: New. 216 x 148 mm. Language: English . Brand New Book. Why has the Eurozone ended up with an unemployment rate more than twice that of the United States more than six years after the collapse of Lehman Brothers? Why did the vast majority of low- and middle-income countries suffer a prolonged economic slowdown in the last two decades of the 20th century? What was the role of the International Monetary Fund in these economic failures? Why was Latin America able to achieve substantial poverty reduction in the 21st century after more than two decades without any progress? Failed analyzes these questions, explaining why these important economic developments of recent years have been widely misunderstood and in some cases almost completely ignored. First, in the Eurozone, Mark Weisbrot argues that the European authorities political agenda, which included shrinking the welfare state, reducing health care, pension, and other social spending, and reducing the bargaining power of labor played a very important role in prolonging the Eurozone s financial crisis and pushing it into years of recession and mass unemployment. This conclusion is based not only on public statements of European officials, but also on thousands of pages of documentation from consultations between the IMF and European governments after 2008. The second central theme of Failed is that there are always practical alternatives to prolonged economic failure. Drawing on the history of other financial crises, recessions, and recoveries, Weisbrot argues that regardless of initial conditions, there have been and remain economically feasible choices for governments of the Eurozone to greatly reduce unemployment-including the hardest hit, crisis-ridden country of Greece. The long-term economic failure of developing countries, its social consequences, as well as the subsequent recovery in the first decade of the 21st century, constitute the third part of the book s narrative, one that has previously gotten too little attention. We see why the International Monetary Fund has lost influence in middle income countries. Failed also examines the economic causes and consequences of Latin America s second independence and rebound in the twenty-first century, as well as the challenges that lie ahead. Codice libro della libreria AOP9780195170184

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Weisbrot, Mark
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Descrizione libro Oxford University Press, United Kingdom, 2015. Hardback. Condizione libro: New. 216 x 148 mm. Language: English . Brand New Book. Why has the Eurozone ended up with an unemployment rate more than twice that of the United States more than six years after the collapse of Lehman Brothers? Why did the vast majority of low- and middle-income countries suffer a prolonged economic slowdown in the last two decades of the 20th century? What was the role of the International Monetary Fund in these economic failures? Why was Latin America able to achieve substantial poverty reduction in the 21st century after more than two decades without any progress? Failed analyzes these questions, explaining why these important economic developments of recent years have been widely misunderstood and in some cases almost completely ignored. First, in the Eurozone, Mark Weisbrot argues that the European authorities political agenda, which included shrinking the welfare state, reducing health care, pension, and other social spending, and reducing the bargaining power of labor played a very important role in prolonging the Eurozone s financial crisis and pushing it into years of recession and mass unemployment. This conclusion is based not only on public statements of European officials, but also on thousands of pages of documentation from consultations between the IMF and European governments after 2008. The second central theme of Failed is that there are always practical alternatives to prolonged economic failure. Drawing on the history of other financial crises, recessions, and recoveries, Weisbrot argues that regardless of initial conditions, there have been and remain economically feasible choices for governments of the Eurozone to greatly reduce unemployment-including the hardest hit, crisis-ridden country of Greece. The long-term economic failure of developing countries, its social consequences, as well as the subsequent recovery in the first decade of the 21st century, constitute the third part of the book s narrative, one that has previously gotten too little attention. We see why the International Monetary Fund has lost influence in middle income countries. Failed also examines the economic causes and consequences of Latin America s second independence and rebound in the twenty-first century, as well as the challenges that lie ahead. Codice libro della libreria AOP9780195170184

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Descrizione libro Oxford University Press, 2015. Condizione libro: New. Failed argues that some of the most important economic developments of recent years, including prolonged economic failures and alternatives, are widely misunderstood. Num Pages: 312 pages, 12 line illustrations. BIC Classification: KCX. Category: (G) General (US: Trade). Dimension: 152 x 218 x 29. Weight in Grams: 456. . 2015. 1st Edition. Hardcover. . . . . . Codice libro della libreria V9780195170184

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