161 x 243 x 39mm
The 1990s promised prosperity for the world: a new ara of unprecedented economic growth, with capitalism American-style reigning supreme. So where did it all go wrong?
As Chairman of Clinton's Council of Economic Advisors and Chief Economist at the World Bank, Joseph Stiglitz was uniquely placed to watch first-hand as the nineties unfolded. This definitive, shocking insider's account reveals the truth about that extraordinary decade of boom-and-bust.
This book claims that much of what we understand about the decade's prosperity is in fact wrong - that it was the US's mistaken economic policies of the time that paved the way for worldwide recession. Yes, jobs were created, technology prospered, productivity rose, inflation fell and new markets opened up everywhere. But at the same time the seeds were sown for the economic problems we face today.