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Globalisation Fractures : How major nations' interests are now in conflict

Regular price ₱374.85 ₱224.55 40% off
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Globalisation Fractures: Inherent Conflicts in International Economics

This book would be a good read for those interested in understanding the complex dynamics of the global economy and the conflicts that arise between major nations. Charles Dumas provides an insightful analysis of the current economic climate, discussing how the US, China, and Europe are all pursuing their own interests at the expense of others. His warning about the potential choice between degrading US credit or implementing trade barriers is particularly poignant. Overall, Globalisation Fractures is an important read for anyone seeking to understand the future of the global economy.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
Sale

Globalisation Fractures : How major nations' interests are now in conflict

Regular price ₱374.85 ₱224.55 40% off
Unit price
per
ISBN: 9781846684241
Estimated First-hand Retail Price: ₱1,320.75
Authors: Charles Dumas
Publisher: IPS - Profile Books
Date of Publication: 2010-09-21
Format: Paperback
Related Collections: Economics, Politics
Goodreads rating: 3.5
(rated by 4 readers)

Description

In his previous books, The Bill from the China Shop and China and America: A Time of Reckoning, Charles Dumas was the first to identify the existence and potential impact of the Eurasian Savings Glut - most importantly how it would push US mortgage borrowing to excess, precipitating the global credit crisis. As we now strive to rescue the international financial system, he points to uncomfortable truths about the conflicts ahead.The US has reverted to debt-driven growth (this time, government debt), and its economic benefit is waning while the risk increases. China is veering back to export-led growth and large surpluses, increasingly at others' expense. Europe is squeezed between them, and the fixed-rate euro system is creating a subsidiary set of extreme imbalances: the Mediterranean cannot expand demand, while north-central Europe will not expand it.Globally, the choice may soon be between serially degrading US federal credit or putting up trade barriers. The first would undermine the world financial system, but the second would damage world trade, at huge expense to real incomes everywhere.Globalisation Fractures confronts the inherent conflicts as issues to be urgently addressed. This is the battleground upon which the future of the global economy will be determined.
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Globalisation Fractures: Inherent Conflicts in International Economics

This book would be a good read for those interested in understanding the complex dynamics of the global economy and the conflicts that arise between major nations. Charles Dumas provides an insightful analysis of the current economic climate, discussing how the US, China, and Europe are all pursuing their own interests at the expense of others. His warning about the potential choice between degrading US credit or implementing trade barriers is particularly poignant. Overall, Globalisation Fractures is an important read for anyone seeking to understand the future of the global economy.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.