The Creation and Destruction of Value is popular PDF and ePub book, written by Harold James in 2012-10-22, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Creation and Destruction of Value can be Read Online from any device for your convenience.
The Creation and Destruction of Value Book PDF Summary
Harold James examines the vulnerability and fragility of processes of globalization, both historically and in the present. This book applies lessons from past breakdowns of globalizationÑabove all in the Great DepressionÑto show how financial crises provoke backlashes against global integration: against the mobility of capital or goods, but also against flows of migration. By a parallel examination of the financial panics of 1929 and 1931 as well as that of 2008, he shows how banking and monetary collapses suddenly and radically alter the rules of engagement for every other type of economic activity. Increased calls for state action in countercyclical fiscal policy bring demands for trade protection. In the open economy of the twenty-first century, such calls are only viable in very large statesÑprobably only in the United States and China. By contrast, in smaller countries demand trickles out of the national container, creating jobs in other countries. The international community is thus paralyzed, and international institutions are challenged by conflicts of interest. The book shows the looming psychological and material consequences of an interconnected world for people and the institutions they create.
Detail Book of The Creation and Destruction of Value PDF
- Author : Harold James
- Release : 22 October 2012
- Publisher : Harvard University Press
- ISBN : 9780674066182
- Genre : Business & Economics
- Total Page : 336 pages
- Language : English
- PDF File Size : 9,7 Mb
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