Seven crashes : the economic crises that shaped globalization

Material type: Text

TextPublication details: New York Gildan Media 2023Description: 1 MP3 14hrsISBN:

979-8212547420

Subject(s):

Financial crises. Globalization--Economic aspects

DDC classification:

338.542

Summary: The eminent economic historian Harold James presents a new perspective on financial crises, dividing them into "good" crises, which ultimately expand markets and globalization, and "bad" crises, which result in a smaller, less prosperous world. Examining seven turning points in financial history—from the depression of the 1840s through the Great Depression of the 1930s to the Covid-19 crisis—James shows how crashes prompted by a lack of supply, like the oil shortages of the 1970s, lead to greater globalization as markets expand and producers innovate to increase supply. By contrast, crises triggered by a lack of demand—such as the Global Financial Crisis of 2007–2008—result in less globalization as markets contract, austerity measures are imposed, and skepticism of government grows.

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Holdings
Item type	Current library	Call number	Status	Barcode
Audio Book	UONGOZI Institute Resources Centre - Dar es Salaam International Relations	338.542JAM (Browse shelf(Opens below))	Available	UR010902
Audio Book	UONGOZI Institute Resources Centre - Dodoma International Relations	338.542JAM (Browse shelf(Opens below))	Available	URD002510

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Previous	332.450LIU Sovereign funds : how the Communist Party of China finances its global ambitions	332.11 WUL Central bank capitalism : monetary policy in times of crisis /	332.11 WUL Central bank capitalism : monetary policy in times of crisis /	338.542JAM Seven crashes : the economic crises that shaped globalization	338.91ZEI The end of the world is just the beginning: mapping the collapse of globalization	338.91ZEI The end of the world is just the beginning : mapping the collapse of globalization	338.91ZEI The end of the world is just the beginning : mapping the collapse of globalization	Next

The eminent economic historian Harold James presents a new perspective on financial crises, dividing them into "good" crises, which ultimately expand markets and globalization, and "bad" crises, which result in a smaller, less prosperous world. Examining seven turning points in financial history—from the depression of the 1840s through the Great Depression of the 1930s to the Covid-19 crisis—James shows how crashes prompted by a lack of supply, like the oil shortages of the 1970s, lead to greater globalization as markets expand and producers innovate to increase supply. By contrast, crises triggered by a lack of demand—such as the Global Financial Crisis of 2007–2008—result in less globalization as markets contract, austerity measures are imposed, and skepticism of government grows.

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