The American Phoenix

By: Charles E. Dumas; Diana Choyleva;

Language: English

Quality: Like New

Genre: Finance - Business - Economics,

ISBN: 9781846685644

SKU: BE500309849628

Pages: 211

Description: 2012 will bring another global economic crisis. It could have been avoided if America and other deficit countries had embarked on currency devaluation and tighter domestic policy to sustain recovery and growth, boost exports and savings, while cutting excessive debts built up in the pre-crisis 'gilded age'. But they didn't... Dumas and Choyleva argue that America will emerge from the slump in the strongest shape, China will struggle unless it takes steps to tackle its structural problems, Eurozone countries like Spain, Portugal and Greece are in for a depressing decade, while Britain, because of its labour market and exchange rate flexibility, will be in better shape to emulate America's recovery.