Sovereign debt crisis : the new normal and the newly poor / Dimitris N Chorafas
Material type:
TextPublication details: London : Palgrave Macmillan, 2011Description: xv, 275p. 22cmISBN: - 9780230298408
- 336.3435 CHO
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Calcutta | 336.3435 CHO (Browse shelf(Opens below)) | Available | IIMC-134652 |
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| 336.3435 BRA Sovereign debt and the financial crisis : | 336.3435 CAL Debt, stabilization and development : | 336.3435 CAM Political dimensions of the international debt crisis / | 336.3435 CHO Sovereign debt crisis : | 336.3435 CLI International debt and the stability of the world economy / | 336.3435 CON The Debt threat : | 336.3435 DAL Internal debt of the Government of India |
The book is about sovereign debt, fiscal deficits, the newly poor and the deceit of the State Supermarket. The issues confronting the global economy, particularly the USA, Europe and Japan, are inseparable from the current lack of social and political leadership as well as of a credible plan to deal with the mountains of debt amassed by sovereign states, households and companies, particularly banks. The many practical examples in the book expose the situation into which western society has cornered itself. It offers advice on how to rise up from this, even if it means slaughtering unaffordable endowments, unwarranted government rescues, and other proliferating but unsustainable big spending projects. The book considers the risks of losing sight of past failures, and society's ability to solve its problems, with debt heading the list.
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