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Financial Crises And Recession In The Global Economy, Second Edition |
Roy E. Allen, Professor of Economics, School of Economics and Business Administration, Saint Mary’s College of California, US
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Acclaim for the first edition:
‘Of 600 books I reviewed on new perspectives on the global economy as a system, this is the one that conveyed the most new information and plausible explanations for a variety of recent phenomena for which other explanations are unsatisfactory. This is the only book presenting a data-supported theory of the global economic system which connects the real world economy to the new global financial system.’
– Kenneth E.F. Watt, Encyclopedia of Human Ecology
‘. . . the emphasis placed by the author on the international frame as the basic unit of economic analysis and his rejection of equilibrium as the principle informing that analysis make this book much more appropriate for understanding present-day reality than traditional macroeconomic treatises. Such a stance requires intellectual courage. Moreover, in its own terms, this work achieves the purposes it has set itself.’
– G. Carchedi, Review of International Political Economy
This timely and authoritative book explains the rise and fall of economies in Asia, Central America and Europe since 1980 and discusses these crises in the context of continuing economic globalization.
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Contents: Preface Introduction 1. The Expansion and Globalization of Financial Markets 2. Financial Market Globalization and New Trade Patterns 3. New Uses and Forms of Money, Monetary Velocity, and Wealth Transfers 4. Financial Crises and Recession 5. International Adjustments and Political Responses References Index
View the author's website at
http://www.stmarys-ca.edu
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