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Globalisation Fractures
 
 

Globalisation Fractures [Kindle Edition]

Charles Dumas
4.0 out of 5 stars  See all reviews (3 customer reviews)

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Product Description

Review

`This book will teach you more about why the crisis happened than any blow-by-blow account by an alleged protagonist' --Mervyn King - Governor of the Bank of England

`Charles Dumas has consistently been one of the ablest communicators on the financial crisis... Required reading.' --David Marsh, author of The Euro - The Politics of the New Global Currency

`Most analysis does not get beneath the symptoms, but Charles Dumas gets to the root problem.' --Peter Lilley

`Thank God for Charles Dumas.' --Peter Jay

'The diagnosis is one of the best I have seen of the current malaise' -- Samuel Brittan, Financial Times

Sophisticated, convincing and credible' --The Business Economist

Book Description

The renowned economist who forecast the credit crunch identifies and analyses the factors undermining the unprecedented efforts of nations to pull their economies out of the Great Recession.

Product details

  • Format: Kindle Edition
  • File Size: 1171 KB
  • Print Length: 256 pages
  • Publisher: Profile Business (9 Dec 2010)
  • Sold by: Amazon Media EU S.à r.l.
  • Language English
  • ASIN: B0041G68NM
  • Text-to-Speech: Enabled
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Bestsellers Rank: #293,240 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Charles E. Dumas
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Most Helpful Customer Reviews
6 of 6 people found the following review helpful
Format:Paperback
Dumas has a long-established track record of clear thinking and prescience in the fast-changing world of global economics. This book is yet another example of that. For the specialist and non-specialist alike, this book is a necessary guide through troubled economic times. Dumas warns of structural conflicts within the global economy and raises serious questions for those who think that the bad old days of the financial crisis and deep recession are completely over.

Stryker McGuire, editor, LSE Research, London School of Economics
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5 of 5 people found the following review helpful
By Tom Mc
Format:Paperback
Basically I found this book very difficult to read. I have not had formal training in economics, but have been reading the Economist and various pop-economics books for a while now and have never had anything that was such a struggle to get through. While I am sure being more knowledgable about economics would have helped, at least some of the blame must lie with the writer - after all, his job is to attempt to make it accessible (or at the least warn people that it is not!) and I know from other books that this is possible to do.

Those parts of the book I could understand were very interesting, and to the extent I could follow it his reasoning seemed logical. Just be warned that to get much out of this book you need a fairly thorough understanding of the relevant jargon and concepts!
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3 of 3 people found the following review helpful
Format:Paperback
Globalisation Fractures is an excellent description and analysis of the very serious economic problems confronting the world today. Charles Dumas accurately describes the multiple causes of these problems, and implies that they will not be easily solved by politicians hoping for simple and painless solutions.
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Popular Highlights

 (What's this?)
&quote;
A private-sector savings glut in any country represents a deficiency of demand relative to potential supply/income. The ways it can express itself are thus limited to: &quote;
Highlighted by 4 Kindle users
&quote;
if the borrowers had not willingly run deficits on a large and increasing scale in 200105, the world economy would not have recovered from the stockmarket bubbles bursting in 200002. &quote;
Highlighted by 3 Kindle users
&quote;
So the key period of increasing capital market and imbalance build-up, from the bubble-bust in 2001 to early 2006, saw falling real interest rates, a lower price of money. Supply of capital, excess saving vis-à-vis appetite for investment, was therefore the driving force in the expansion of activity during this period. It was only in the climax of 200607 that US profligacy took over the lead role. &quote;
Highlighted by 3 Kindle users

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