Failed: What the Experts Got Wrong about the Global Economy

Hardcover | September 9, 2015

byMark Weisbrot

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Why did the Eurozone end up with an unemployment rate more than twice than that of the United States and six years after the collapse of Lehman Brothers? Was crisis in the Eurozone inevitable? What caused the prolonged economic failure experienced by the majority of the world's low- andmiddle-income countries at the end of the 20th century?Failed analyzes and ties together some of the most important economic developments of recent years with the common theme that they have been widely misunderstood and in some cases almost completely ignored. A central argument of Failed is that there are always viable alternatives to prolongedeconomic failure. Author Mark Weisbrot shows that political agendas are often the root cause of avoidable financial crises and drawing on lessons learned from previous crises, recessions, and subsequent recovers can prevent further failures in the future.

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Why did the Eurozone end up with an unemployment rate more than twice than that of the United States and six years after the collapse of Lehman Brothers? Was crisis in the Eurozone inevitable? What caused the prolonged economic failure experienced by the majority of the world's low- andmiddle-income countries at the end of the 20th cen...

Mark Weisbrot is co-director of the Center for Economic and Policy Research, in Washington, D.C. He received his Ph.D. in economics from the University of Michigan. He writes a column on economic and policy issues that is distributed to over 550 newspapers by the Tribune Content Agency. His opinion pieces have appeared in New York Time...

other books by Mark Weisbrot

Format:HardcoverDimensions:264 pages, 8.25 × 5.5 × 0.98 inPublished:September 9, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0195170180

ISBN - 13:9780195170184

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Table of Contents

1. Troubles in Euroland: When the Cures Worsen the Disease2. This Time Could Be Different: The Aftermath of Financial CrisesBibliography3. Untold History, Unsolved Mystery: The Long-Term Economic Growth Failure4. The Misunderstood Role of the International Monetary Fund5. The Latin American Spring6. Conclusion: Looking Ahead