The Credit Crunch: Housing Bubbles, Globalisation And The Worldwide Economic Crisis by Graham Turner

This book argues that the current financial turmoil signals a crisis in globalisation that will directly challenge the free market economic model. Graham Turner shows that the housing bubbles in the West were deliberately created to mask the damage inflicted by companies shifting production abroad in an attempt to boost profits. As these bubbles burst, economic growth in many developed countries will inevitably tumble. The Japanese crisis of the 1990s shows that banks and governments may struggle to contain the fallout. The problem has not been limited to the US, UK and Europe: housing bubbles have become endemic across wide swathes of emerging market economies. As the West slides, these countries will see an implosion of their credit bubbles too, shaking their faith in the free market. Turner is an experienced and successful economic forecaster, whose opinions are sought by large international banks and top financial journalists.

Publisher:	PLUTO PRESS
Year:	2008
Binding:	Paperback
ISBN:	9780745328102
Condition:	Good
Description:	Very light crease on front cover, minor foxing on page edges.

Note: This image is from a stock photo and may differ from the actual cover.

SKU: 1595506
Location: Non Fiction