The Japanese economy, after decades of seemingly unsurpassable competitiveness, experienced a major crisis in the 1990s. Observers of Japan are faced with a challenging question: How can one explain Japan's reversal from stunning prosperity to dismal stagnation? Bai Gao, in this…
There is still no consensus on who or what caused the financial crisis which engulfed the world, beginning in the summer of 2007. A huge number of suspects have been identified, from greedy investment bankers, through feckless borrowers, dilatory regulators and myopic central ba…
Offers insight into how to sustain growth in advanced and developing countries, explains how the living standard gaps between the West and the rest of the world occurred, and addresses key challenges in the areas of governance, international coordination, and ecological sustaina…
"Since 2008, we have found ourselves confronted by an historic financial holocaust that world leaders have struggled to come to terms with. As explained by Harry Shutt--who was almost alone in foreseeing such a disaster a decade before it happened [in the 1990s (in The Trouble w…
""This timely and well-written book is a must read' for anyone directly or indirectly involved in financial markets and instruments as well as risk management. By telling actual stories of how rogue traders and incompetent managers put their firms at risk, the author demystifies…
"For Michel Serres, economic crises are earthquakes caused by societal tectonic plates. The current crisis erupted because of the widening discrepancy between major social changes and institutions that have remained the same since WWII. Serres, one of the first to bring nature i…
