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2 of 2 people found the following review helpful
5.0 out of 5 stars Rediscover Growth through Reinvention and Relearning, 8 Dec. 2013
Mr. P. Cook (GILLINGHAM, KENT United Kingdom) - See all my reviews
This review is from: Rediscovering Growth: After the Crisis (Perspectives) (Paperback)
To understand the future, first know your history. Secondly, know that history does not repeat itself in exactly the same way in complex systems. Thirdly, study the details of why elements within a system combine to cause certain results and, importantly why minor variations can lead to major differences in results.

In Dr Andrew Sentance's book "Rediscovering Growth", I have learned much about the current state of affairs in our economy, here and abroad, the reasons why we have come to this point and why it's very unlikely that we will repeat the same trajectory in the future. If you want to find out what the future holds so that you may have a place in it, then this book is for you.

The book is well researched and blows away many of the popular myths held about the economy. For example, one of the main mistakes we have made is to draw comparisons with the current recession and the great depression when we should have studied the 1970's in closer detail. Central to Sentance's thesis is the concept of the "New Normal" which projects an environment of steady but weak growth, which we all need to get used to. He explains carefully the multiple causes of this concept and the impacts now and into the future.

Dr Sentance examines questions such as:

* Will the US slip down the rankings as a world economic leader in the coming decades?

* What part will innovation play in securing a future for businesses in the West and elsewhere?

* Can Governments and policy makers deliver on the needed reforms rather than `driving through the rear view mirror'?

* How will Europe fare in the coming years? Will we be able to resolve the new `Maginot line' divide between the richer and poorer members of the community?

* Might the rapid rises of Asian economies such as China and India burn themselves out in the medium term, as wage expectations change in these newly prospering economies?

* If all are to prosper, can we continue to keep trade flowing around the globe, as we have largely managed to do in the current recession? Simply stated, in the words of The Isley Brothers "When will there be a harvest for the world?"

And many more questions about world trade, supply, manufacturing, policy making, the public sector, credit and so on.

The book concludes with an optimistic set of scenarios for gradual and steady recovery rather than a pessimistic forecast. So, no need to jump that Fiscal Cliff! If you want to understand more about the forces that shape the economy, and want to get beyond mere extrapolation of history to predict the future, then this is the book for you.

Peter Cook, Author and MD of Human Dynamics and The Academy of Rock
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2 of 2 people found the following review helpful
5.0 out of 5 stars Excellent concise description of what's working and what's not working with the UK economy, and where we should go next, 19 Feb. 2014
This review is from: Rediscovering Growth: After the Crisis (Perspectives) (Paperback)
Written in admirably clear prose, relevant data, summarises how the economy developed over the last thirty years, gives a view from the inside of the financial crisis (he was on the MPC of the Bank of England as it kicked off) It provides sensible policy recommendations for how we get to a better place. Won't necessarilly confiirm your prejudices however. Andy has worked at the sharp end (e.g. for British Airways) and has a real understanding of how business works and how policy decisions have real world outcomes.
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Rediscovering Growth: After the Crisis (Perspectives)
Rediscovering Growth: After the Crisis (Perspectives) by Andrew Sentance (Paperback - 23 Nov. 2013)
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