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Author: Puja Mehra
Publisher: Penguin Random House India Private Limited
ISBN: 9353054990
Category : Literary Collections
Languages : en
Pages : 358
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Book Description
Before the global financial meltdown of 2008, India's economy was thriving and its GDP growth was cruising at an impressive 8.8 per cent. The economic boom impacted a large section of Indians, even if unequally. With sustained high growth over an extended period, India could have achieved what economists call a 'take-off' (rapid and self-sustained GDP growth). The global financial meltdown disrupted this momentum in 2008. In the decade that followed, each time the country's economy came close to returning to that growth trajectory, political events knocked it off course. In 2019, India's GDP is growing at the rate of 7 per cent, making it the fastest-growing major economy in the world, but little on the ground suggests that Indians are actually better off. Economic discontent and insecurity are on the rise, farmers are restive and land-owning classes are demanding quotas in government jobs. The middle class is palpably disaffected, the informal economy is struggling and big businesses are no longer expanding aggressively. India is not the star it was in 2008 and in effect, the 'India growth story' has devolved into 'growth without a story'. The Lost Decade tells the story of the slide and examines the political context in which the Indian economy failed to recover lost momentum.
Author: Puja Mehra
Publisher: Penguin Random House India Private Limited
ISBN: 9353054990
Category : Literary Collections
Languages : en
Pages : 358
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Book Description
Before the global financial meltdown of 2008, India's economy was thriving and its GDP growth was cruising at an impressive 8.8 per cent. The economic boom impacted a large section of Indians, even if unequally. With sustained high growth over an extended period, India could have achieved what economists call a 'take-off' (rapid and self-sustained GDP growth). The global financial meltdown disrupted this momentum in 2008. In the decade that followed, each time the country's economy came close to returning to that growth trajectory, political events knocked it off course. In 2019, India's GDP is growing at the rate of 7 per cent, making it the fastest-growing major economy in the world, but little on the ground suggests that Indians are actually better off. Economic discontent and insecurity are on the rise, farmers are restive and land-owning classes are demanding quotas in government jobs. The middle class is palpably disaffected, the informal economy is struggling and big businesses are no longer expanding aggressively. India is not the star it was in 2008 and in effect, the 'India growth story' has devolved into 'growth without a story'. The Lost Decade tells the story of the slide and examines the political context in which the Indian economy failed to recover lost momentum.
Author: Menzie D. Chinn
Publisher: W. W. Norton & Company
ISBN: 0393080501
Category : Business & Economics
Languages : en
Pages : 259
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Book Description
A clear, authoritative guide to the crisis of 2008, its continuing repercussions, and the needed reforms ahead. The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long-term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists. By 2008 the United States had become the biggest international borrower in world history, with more than two-thirds of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Indonesia, and other third-world debtor nations. The massive inflow of foreign funds financed the booms in housing prices and consumer spending that fueled the economy until the collapse of late 2008. This was the most serious international economic crisis since the Great Depression of the 1930s. Menzie Chinn and Jeffry Frieden explain the political and economic roots of this crisis as well as its long-term effects. They explore the political strategies behind the Bush administration’s policy of funding massive deficits with foreign borrowing. They show that the crisis was foreseen by many and was avoidable through appropriate policy measures. They examine the continuing impact of our huge debt on the continuing slow recovery from the recession. Lost Decades will long be regarded as the standard account of the crisis and its aftermath.
Author: Jennifer Adair
Publisher: University of California Press
ISBN: 0520305175
Category : History
Languages : en
Pages : 203
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Book Description
In 1983, following a military dictatorship that left thousands dead and disappeared and the economy in ruins, Raúl Alfonsín was elected president of Argentina on the strength of his pledge to prosecute the armed forces for their crimes and restore a measure of material well-being to Argentine lives. Food, housing, and full employment became the litmus tests of the new democracy. In Search of the Lost Decade reconsiders Argentina’s transition to democracy by examining the everyday meanings of rights and the lived experience of democratic return, far beyond the ballot box and corridors of power. Beginning with promises to eliminate hunger and ending with food shortages and burning supermarkets, Jennifer Adair provides an in-depth account of the Alfonsín government’s unfulfilled projects to ensure basic needs against the backdrop of a looming neoliberal world order. As it moves from the presidential palace to the streets, this original book offers a compelling reinterpretation of post-dictatorship Argentina and Latin America’s so-called lost decade.
Author: Patrick Luciani
Publisher: House of Anansi
ISBN: 1770892001
Category : Political Science
Languages : en
Pages : 106
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Book Description
As stock markets gyrate, Europe lurches from crisis to crisis, and recovery in the United States slows, the future of the North American economy is more uncertain than ever. Can individual entrepreneurship, corporate innovation, and governments create a new era of sustained economic growth? Or, will the ongoing financial crisis, political dysfunction in the United States, and the rise of emerging nations erode living standards in North America for the long term? In this edition of the Munk Debates — Canada's premier international debate series — Nobel Prize–winning economist Paul Krugman and Chief Economist and Strategist at Gluskin Sheff and Associates David Rosenberg square off against former director of President Obama's National Economic Council Lawrence Summers and bestselling author Ian Bremmer to tackle the resolution: Be it resolved North America faces a Japan-style era of high unemployment and slow growth. This riveting debate features four of the world's most renowned economists discussing the single most important issue facing all North Americans in a lively, engaging forum. The economy is a concern that demands our immediate attention and this enlightening and hugely important debate is a must-read for all of us. Arguing for the resolution: "It's now impossible to deny the obvious, which is that we are not now and have never been on the road to recovery." — Paul Krugman "When all of the stimulus is gone and the Emperor is disrobed, it is not going to be a pretty picture." — David Rosenberg Arguing against the resolution: "The American people have not become less dedicated to hard work, and the productive potential of this economy has not declined." — Lawrence Summers "North America's long-term prospects are brighter than Europe's or Japan's; the "rise of the rest" does not automatically imply our decline." — Ian Bremmer
Author: Naoyuki Yoshino
Publisher: Springer
ISBN: 981105021X
Category : Business & Economics
Languages : en
Pages : 187
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Book Description
This book discusses Japan’s long-term economic recession and provides remedies for that recession that are useful for other Asian economies. The book addresses why Japan’s economy has stagnated since the bursting of its economic bubble in the 1990s. Its empirical analysis challenges the beliefs of some economists, such as Paul Krugman, that the Japanese economy is caught in a liquidity trap. This book argues that Japan’s economic stagnation stems from a vertical “investment–saving” (IS) curve rather than a liquidity trap. The impact of fiscal policy has declined drastically, and the Japanese economy faces structural problems rather than a temporary downturn. These structural problems have many causes: an aging demographic (a problem that is frequently overlooked), an over-reliance by local governments on transfers from the central government, and Basel capital requirements that have made Japanese banks reluctant to lend money to start-up businesses and small and medium-sized enterprises. This latter issue has discouraged Japanese innovation and technological progress. All these issues are addressed empirically and theoretically, and several remedies for Japan’s long-lasting recession are provided. This volume will be of interest to researchers and policy makers not only in Japan but also the People’s Republic of China, many countries in the eurozone, and the United States, which may face similar challenges in the future.
Author: Polly Toynbee
Publisher: Guardian Faber Publishing
ISBN: 9781783351718
Category : History
Languages : en
Pages : 0
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Book Description
An authoritative survey of 2010-20: what went wrong, what went right, and what's next for Britain.
Author: W. Miles Fletcher III
Publisher: Routledge
ISBN: 1317977033
Category : Business & Economics
Languages : en
Pages : 164
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Book Description
Understanding the 'lost decade' of the 1990s is central to explaining Japan today. Following a period of record high growth, the chronic downturn after 1990 raised fundamental questions about the course of the world's third largest economy. This crisis also presented Japan with the opportunity for transformative change. Changes have followed, some of them less than might be expected, and some of them far more sweeping than is generally realized. This volume presents a wide range of international perspectives on post-bubble Japan, exploring the effects of the long downturn on the views of the Japanese business community, management practices, and national policies. To what degree has Japan's traumatic experience prompted basic reforms in terms of legal changes, corporate governance, business strategy, and the longterm national vision for the economy? This book was originally published as a special issue of Asia Pacific Business Review.
Author: Yoichi Funabashi
Publisher: Routledge
ISBN: 1317503368
Category : Social Science
Languages : en
Pages : 372
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Book Description
This book examines five features of Japan’s ‘Lost Decades’: the speed of the economic decline in Japan compared to Japan’s earlier global prowess; a rapidly declining population; considerable political instability and failed reform attempts; shifting balances of power in the region and changing relations with Asian neighbouring nations; and the lingering legacy of World War Two. Addressing the question of why the decades were lost, this book offers 15 new perspectives ranging from economics to ideology and beyond. Investigating problems such as the risk-averse behaviour of Japan’s bureaucracy and the absence of strong political leadership, the authors analyse how the delay of ‘loss-cutting policies’ led to the 1997 financial crisis and a state of political gridlock where policymakers could not decide on firm strategies that would benefit national interests. To discuss the rebuilding of Japan, the authors argue that it is first essential to critically examine Japan’s ‘Lost Decades’ and this book offers a comprehensive overview of Japan’s recent 20 years of crisis. The book reveals that the ‘Lost Decades’ is not an issue unique to the Japanese context but has global relevance, and its study can provide important insights into challenges being faced in other mature economies. With chapters written by some of the world’s leading Japan specialists and chapters focusing on a variety of disciplines, this book will be of interest to students and scholars in the areas of Japan studies, Politics, International Relations, Security Studies, Government Policy and History.
Author: Jim Renacci
Publisher: 30 Point Press
ISBN: 9781732185517
Category :
Languages : en
Pages : 210
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Book Description
A four-term Republican congressman from Ohio takes readers inside the legislative process to show how our political leaders are failing the American people.
Author: Ann Scanlon
Publisher:
ISBN: 9780711914711
Category :
Languages : en
Pages : 132
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Book Description
