The crisis exposed the contradiction of globalization itself: as economies have become more interconnected, regulators and governments have failed to keep pace and increase coordination. It is a failure intrinsic to unregulated global markets, an instability that resulted from the manner in which increasing flows of capital around the world happened and impacted the economy. And it is a failure of collective action at an international level to respond quickly enough to the structural imbalances and inequities that arose.
At its simplest, then, this is the first true crisis of globalization. For the first time everybody, from the richest person in the richest city to the poorest person in the poorest slum, was affected by the same crisis. Although its roots are global, its impact is local, directly felt on nearly every main street, on nearly every shop floor, around nearly every kitchen table.
Billions of people around the world are in need of and are demanding a better globalization. It is the nature of power that you always leave tasks unfinished when you leave office. It is the nature of politics that the argument must continue. This book is my warning of a decade of lost growth and my answer to that fear with a call for a better globalization. It is an explanation of a pattern in the numbers that points to an enormous opportunity to alleviate poverty, create jobs, and grow. A future of low growth, high unemployment, decline, and decay is not inevitable; it's about the change we choose.
Categories:
- Politics & Social Sciences
- Politics & Government
- Public Affairs & Policy
- Economic Policy
- Public Affairs & Policy
- Politics & Government
Publisher : Free Press
Author : Brown, Gordon
Language : English
Edition : First Edition
Published :2010-12-07
Number Of Pages : 336
Binding : hardcover
ISBN-10 : 1451624050
ISBN-13 : 9781451624052
Item weight : 1.05 lb
Dimensions : 1.4 in x 6.1 in x 9 in
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