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Book Summary
This book argues that the current financial turmoil signals a crisis in
globalisation that will directly challenge the free market economic model.
Graham Turner shows that the housing bubbles in the West were deliberately
created to mask the damage inflicted by companies shifting production abroad in
an attempt to boost profits. As these bubbles burst, economic growth in many
developed countries will inevitably tumble. The Japanese crisis of the 1990s
shows that banks and governments may struggle to contain the fallout. The
problem has not been limited to the US, UK and Europe: housing bubbles have
become endemic across wide swathes of emerging market economies. As the
- ISBN-13
- 9780745328102
- Language
- English
- Binding
- Paper Back
- Publisher
- Pluto Press
- Publishing Date
- 2008-08-20
- Product Edition
- 1
Credit Crunch - Housing Bubbles Globalisation & The World Wide Economic Crisis
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Product Specifications
Book Summary
This book argues that the current financial turmoil signals a crisis in
globalisation that will directly challenge the free market economic model.
Graham Turner shows that the housing bubbles in the West were deliberately
created to mask the damage inflicted by companies shifting production abroad in
an attempt to boost profits. As these bubbles burst, economic growth in many
developed countries will inevitably tumble. The Japanese crisis of the 1990s
shows that banks and governments may struggle to contain the fallout. The
problem has not been limited to the US, UK and Europe: housing bubbles have
become endemic across wide swathes of emerging market economies. As the
Book Specifications
- ISBN-13
- 9780745328102
- Language
- English
- Binding
- Paper Back
- Publisher
- Pluto Press
- Publishing Date
- 2008-08-20
- Product Edition
- 1