Seven crashes : the economic crises that shaped globalization
- New Haven Yale 2023
- 367p.
Introduction: How Prices Shape Globalization 1. The Great Famine and the Great Revolt 2. Krach at the margins 3. The Great War and the Great Inflation 4. The Great Depression 5. The Great Inflation : the 1970s 6. The Great Recession : 2008 7. The Great Lockdown : 2020-2022 Conclusion: The Next Great Globalization
This book presents a new perspective on financial crises, dividing them into "good" crises that expand markets and globalization, and "bad" crises that result in a smaller, less prosperous world. The book examines seven turning points in financial history, from the 1840s depression to the Covid-19 crisis, and shows that crises triggered by a lack of supply lead to greater globalization, while crises triggered by a lack of demand result in less globalization.
9780300263398
Financial Crises Globalization Economic Aspects International Economic Relations