logo
Home Management Economics The Great Recession
product-img product-img
The Great Recession
Enjoying reading this book?

The Great Recession

by Hengeveld
4.5
4.5 out of 5
Creators
Author Hengeveld
Publisher World Scientific Publishing Company
Synopsis Many books on the 2008 financial crisis and the current recession focus on the financial sector. Unlike them, this book takes the real economy as the starting point and it situates the downturn within the societal context over the last several decades. Important elements of the story include global manufacturing overcapacity and declining profitability, failure of advanced industrial economies to make a quantum jump in discoveries and innovations across a broad range of technologies, ascent of neo-liberalism after the fall of the Berlin Wall, the Asian financial crisis, the Japanese “lost decade”, and the dot-com boom. This provides the backdrop of the birth of a market society, deregulation, easy credit, and financial excesses.The financial crisis reveals much that has gone astray in the business world over the last few decades short term thinking, manipulation of figures and image management at the cost of the basics. The financial sector has become an arena for accounting shenanigans and corporate skullduggery. It is also a symptom of deeper social and cultural change. Crisis of a very serious nature functions as a cleansing exercise. Already we have seen debates which re-examine values and ideas, state policy and business practices. If the world could rise to the challenge, history will view the crisis as a blessing in disguise and thus render it in positive terms.

Enjoying reading this book?
Binding: Hardcover
About the author
Specifications
  • Language: English
  • Publisher: World Scientific Publishing Company
  • Pages: 288 pages
  • Binding: Hardcover
  • ISBN: 9789814313407
  • Category: Economics
  • Related Category: Commerce & Management
Share this book Twitter Facebook


Suggested Reads
Suggested Reads
Books from this publisher
Handbook of Research in Mass Customization and Personalization 2Vol. Set by Piller
Figurate Numbers by Deza
The Handbook on Optical Constants of Metals: in Tables and Figures by Adachi
Fundamentals of Sustainable Business: A Guide for the Next 100 Years: 4 (World Scientific Series On 21st Century Business) by Tueth Mattew W
Value Sphere, The: The Corporate Executives Handbook for Creating and Retaining Shareholder Wealth by Thakor Anjan Et Al
The Rise and Fall of Global Austerity by Canterbery
Books from this publisher
Related Books
Understanding the Political Economy of the Arab Uprisings Diwan
International Political Economy and Globalization Maswood S Javed
Bridges Over Water: Understanding Transboundary Water Conflict, Negotiation and Cooperation: 11 (World Scientific Series on Environmental and Energy Economics and Policy) Dinar and Ariel
Equality of Opportunity: The Economics of Responsibility: 1 (World Scientific Series In Economic Theory) Fleurbaey and Marc
Studies in East Asian Economies Handa
General Equilibrium Analysis of Production and Increasing Returns: 4 (Series On Mathematical Economics And Game Theory) Suzuki Takashi
Related Books
Bookshelves
Stay Connected