The American Phoenix: And why China and Europe will struggle after the coming slump
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Bibliographische Detailangaben
1. Verfasser: Dumas, Charles (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: London Profile 2011
Schlagworte:
Online-Zugang:Volltext
Beschreibung:Cover Page; Title Page; Copyright Page; Contents; Figures and tables; Acknowledgements; Introduction -- The return of imbalances; 1 America shakes China loose; 2 American boom-bust, then healthy growth; 3 China's export-led growth model breaks down; 4 China's red-hot economy to slump in 2011-12; 5 Euroland's debt tragedy -- Ireland, Club Med; 6 German confusion and fallacies; 7 Islands apart -- Japan and Britain; 8 Is there any hope?; Appendix: How much debt is sustainable?; Index
2012 will bring another global economic crisis. It could have been avoided if America and other deficit countries had embarked on currency devaluation and tighter domestic policy to sustain recovery and growth, boost exports and savings, while cutting excessive debts built up in the pre-crisis 'gilded age'. But they didn't. Instead they continued to run large government deficits, effectively transferring debt from private to public hands, rather than reducing it through rising national savings rates. Savings-rich countries, notably China, have not helped. To get the global economy in better bal
Beschreibung:1 Online-Ressource (246 pages)
ISBN:9781847657787
1847657788
9781846685644
1846685648

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