Fault Lines: How Hidden Fractures Still Threaten The World Economy
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Fault Lines: How Hidden Fractures Still Threaten The World Economy. Number of Pages: 288. Weight: 0.6 lbs. Publication Date: 2011-08-28. Publisher: Princeton University Press. Please refer to the section BELOW (and NOT ABOVE ) this line for the product details - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Title: Fault Lines: How Hidden Fractures Still Threaten The World Economy ISBN13: 9780691152639 ISBN10: 0691152632 Author: Rajan, Raghuram G. (Author) Description: From An Economist Who Warned Of The Global Financial Crisis, A New Warning About The Continuing Peril To The World Economy Raghuram Rajan Was One Of The Few Economists Who Warned Of The Global Financial Crisis Before It Hit Now, As The World Struggles To Recover, It's Tempting To Blame What Happened On Just A Few Greedy Bankers Who Took Irrational Risks And Left The Rest Of Us To Foot The Bill In Fault Lines, Rajan Argues That Serious Flaws In The Economy Are Also To Blame, And Warns That A Potentially More Devastating Crisis Awaits Us If They Aren't Fixed Rajan Shows How The Individual Choices That Collectively Brought About The Economic Meltdown--Made By Bankers, Government Officials, And Ordinary Homeowners--Were Rational Responses To A Flawed Global Financial Order In Which The Incentives To Take On Risk Are Incredibly Out Of Step With The Dangers Those Risks Pose He Traces The Deepening Fault Lines In A World Overly Dependent On The Indebted American Consumer To Power Global Economic Growth And Stave Off Global Downturns He Exposes A System Where America's Growing Inequality And Thin Social Safety Net Create Tremendous Political Pressure To Encourage Easy Credit And Keep Job Creation Robust, No Matter What The Consequences To The Economy's Long-Term Health; And Where The U S Financial Sector, With Its Skewed Incentives, Is The Critical But Unstable Link Between An Overstimulated America And An Underconsuming World In Fault Lines, Rajan Demonstrates How Unequal Access To Education And Health Care In The United States Puts Us All In Deeper Financial Peril, Even As The Economic Choices Of Countries Like Germany, Japan, And China Place An Undue Burden On America To Get Its Policies Right He Outlines The Hard Choices We Need To Make To Ensure A More Stable World Economy And Restore Lasting Prosperity Binding: Paperback, Paperback Publisher: Princeton University Press Publication Date: 2011-08-28 Weight: 0.6 lbs Dimensions: 0.82'' H x 8.45'' L x 5.56'' W Number of Pages: 288 Language: English
