Rediscovering Growth After the Crisis - Sentance, Andrew (London Publishing Partnership, 2013)
Preface; Chapter 1: The end of the Great Stability; Chapter 2: Lessons from the past; Chapter 3: The New Normal; Chapter 4: Winners and losers in the New Normal economy; Chapter 5: Recovering control: how should policymakers respond?; Chapter 6: Business success in the New Normal; Chapter 7: Towards a new growth phase?; Chapter 8: Adapting to survive and thrive; Endnotes
The difficult economic climate in Europe and the United States since the financial crisis is set to continue as the New Normal, despite frantic efforts to stimulate growth. The long phase of expansion that lasted from the 1980s until 2008 was driven by easy money, cheap imports and confidence - all gone. And the shift of geopolitical power to Asia is permanent. This does not mean that Western economies are inevitably condemned to 'lost decades' ahead. They can rediscover productivity and growth - but governments face formidable political obstacles to the reforms this would require