1.

Record Nr.

UNINA9910825751703321

Autore

Heng Michael S. H. <1948->

Titolo

The great recession : history, ideology, hubris and nemesis / / Michael Heng Siam-Heng

Pubbl/distr/stampa

Hackensack, N.J., : World Scientific, c2010

ISBN

1-283-14470-0

9786613144706

981-4313-41-6

Edizione

[1st ed.]

Descrizione fisica

1 online resource (285 p.)

Disciplina

330.90511

Soggetti

Global Financial Crisis, 2008-2009

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Contents; Preface; Chapter 1 Introduction; Chapter 2 From Berlin Wall to Wall Street; Chapter 3 A Tale of Two Crises; Chapter 4 Insights from Japan's "Lost Decade"; Chapter 5 Special Features of the 2008 Crisis; Chapter 6 Bonfire of Financial Excesses; Chapter 7 The Moral Economy; Chapter 8 A New Financial Landscape?; Chapter 9 Globalization and All That; Chapter 10 Don't Waste the Crisis; Index

Sommario/riassunto

Many books on the 2008 financial crisis and the current recession focus on the financial sector. Unlike them, this book takes the real economy as the starting point and it situates the downturn within the societal context over the last several decades. Important elements of the story include global manufacturing overcapacity and declining profitability, failure of advanced industrial economies to make a quantum jump in discoveries and innovations across a broad range of technologies, ascent of neo-liberalism after the fall of the Berlin Wall, the Asian financial crisis, the Japanese ""lost dec