Fault Lines: How Hidden Fractures Still Threaten The World Economy
Aug 2017 · HarperCollins
5.0star
2 reviews
Ebook
368
Pages
family_home
Eligible
info
About this ebook
Raghuram G. Rajan was one of a handful of economists who foresaw the financial crisis that hit the world in 2008. In Fault Lines, Rajan makes a case for looking beyond the shortsighted blame-game that targets only greedy bankers. There are serious flaws in the global economy, he writes, and an even more debilitating crisis awaits us if those faults are not addressed right now. Rajan demonstrates how the individual choices - made by bankers, government officials and ordinary homeowners - that collectively brought about the economic meltdown were rational responses to a defective global financial order: specifically, a mismatch between the incentives and the dangers involved in taking on risks. In Fault Lines, Rajan outlines the hard choices that all nations must make to ensure greater stability and lasting prosperity. Importantly, he examines how the Indian development experience differs from that of other fast-growing economies. Despite India's recent successes, he argues that the country must act decisively to maintain its people-oriented growth. This unique development path, he contends, will be a compelling role model - a triumph of rapid growth in a flourishing democracy.
Ratings and reviews
5.0
2 reviews
About the author
Raghuram G. Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. He was Governor of the Reserve Bank of India between 2013 and 2016, and is the bestselling author of I Do What I Do and Fault Lines, and the co-author of Saving Capitalism from the Capitalists.
Rate this ebook
Tell us what you think.
Reading information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can listen to audiobooks purchased on Google Play using your computer's web browser.
eReaders and other devices
To read on e-ink devices like Kobo eReaders, you'll need to download a file and transfer it to your device. Follow the detailed Help Center instructions to transfer the files to supported eReaders.
