Overview
We have entered a period of uncertainty, which has placed a huge burden on public finances. Governments have spent $10 trillion on bailing out financial institutions and other firms, including General Motors. We are at a tipping point and the future will be unlike the past - one of the most dangerous economic stages any generation can face.
In his penetrating analysis, Leigh Skene traces how we got here and what has to happen for the global economy to recover the ground it has lost in less than two years. He looks at the shift of economic power to emerging nations, the inevitability of deflation, the unfitness for purpose of the financial markets, how governments' share of output must shrink, how solvency not liquidity caused the current crisis, and how it is wrong to think you can borrow your way to growth.
This book title, The Impoverishment of Nations (The Issues Facing the Post-meltdown Global Economy), ISBN: 9781846683329, by Leigh Skene, published by IPS - Profile Books (April 1, 2010) is available in paperback. Our minimum order quantity is 25 copies. All standard bulk book orders ship FREE in the continental USA and delivered in 4-10 business days.
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