The Global Economic Crisis: Systemic Failures and Multilateral Remedies
Publisher: UNCTAD 2009
Number of pages: 80
The report highlights three specific areas in which the global economy experienced systemic failures. While there are many more facets to the crisis, UNCTAD examines here some of those that it considers to be the core areas to be tackled immediately by international economic policy-makers because they can only be addressed through recognition of their multilateral dimensions. The report investigates three interrelated issues of importance to developed and developing countries alike, and proposes measures to address the systemic failures they have entailed.
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The author made this book both readable and pro-active. His assessment of the counterproductivity of our economy and consumer society is timely in an era when we must decide how much is enough for ourselves - and for a sustainable planet.
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In complex fields such as finance and economics, a common blunder involves a mix-up between the destination and the journey. The confusion is showcased by the hoopla during the financial crisis of 2008 in tandem with the debt crisis in Europe...
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