The world economy after the global crisis: a new economic order for the 21st centuary
Series: World scientific studies in international economics, 1793-3641: v. 19Publication details: 2012 World Scientific SingaporeDescription: xiv, 215 pISBN:- 9789814383035
- 330.9 W6
Item type | Current library | Collection | Call number | Status | Date due | Barcode | Item holds | |
---|---|---|---|---|---|---|---|---|
Book | Ahmedabad | Non-fiction | 330.9 W6 (Browse shelf(Opens below)) | Available | 177543 |
Includes bibliographical references and index.
The global credit crisis was the most serious shock to the world economy in fully 80 years. It was for the world as a whole what the Asian crisis of was for emerging markets: a profoundly alarming wake-up call. By laying bare the fragility of global markets, it raised troubling questions about the operation of our deeply integrated world economy. It cast doubt on the efficacy of the dominant mode of light-touch financial regulation and more generally on the efficacy of the prevailing commitment to economic and financial liberalization. It challenged the managerial capacity of inherited institutions of global governance. And it augured a changing of the guard, pointing to the possibility that the economies that had been the leaders in the global growth stakes in the past might no longer be the leaders in the future.
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