Fault Lines: How Hidden Fractures Still Threaten The World Economy

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HarperCollins, Jan 2, 2012 - Business & Economics - 368 pages
How Hidden Fractures Still Threaten The World Economy is an enlightening book that aims to draw your attention to the fault lines that are present in the world's economy today. The author believes that these fault lines were responsible for the financial crisis that the world saw, in the year 2008. He also believes that the world could be in for some more severe financial situations, if the fault lines that are mentioned in this book are not attended to, immediately. The author mentions his belief that the financial meltdown experienced by the world has been due to these fault lines and not solely due to the choices made by individuals, such as government officials, bankers and homemakers. He believes that the decisions made by these people were made as a logical response to the fault lines in the world's economy. In this book, the author chalks out a fixed course of action that the world's economies must adopt, if they want to see things change for the better. He also chalks out a specific developmental plan for India as well. He stresses upon the fact that the country must act upon the advice that is given in this book, if change is to take place for the better, in the near future.

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User Review  - JohnPhelan - LibraryThing

An interesting and well ordered look at the causes and consequences of the financial crisis from a mainstream but non New Keynesian approach. Its focus on the role of government agencies in the fostering of the housing boom alone makes it worthwhile. Read full review

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User Review  - nosajeel - LibraryThing

Raghuram Rajan is the hands down co-winner of the best title for any economics book in recent years: Saving Capitalism from the Capitalists. It was also a very good book. Relative to this stellar ... Read full review

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About the author (2012)

Indian economist Raghuram G. Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He was the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016. He is also the author of Saving Capitalism from the Capitalists: Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunities.

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