The Lost Decade

Author : Puja Mehra
Publisher : Penguin Random House India Private Limited
ISBN 13 : 9353054990
Total Pages : 360 pages
Book Rating : 4.91/5 ( download)

DOWNLOAD NOW!

Download or read book The Lost Decade (2008-18) written by Puja Mehra and published by Penguin Random House India Private Limited. This book was released on 2019-04-18 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Before the global financial meltdown of 2008, India's economy was thriving and its GDP growth was cruising at an impressive 8.8 per cent. The economic boom impacted a large section of Indians, even if unequally. With sustained high growth over an extended period, India could have achieved what economists call a 'take-off' (rapid and self-sustained GDP growth). The global financial meltdown disrupted this momentum in 2008. In the decade that followed, each time the country's economy came close to returning to that growth trajectory, political events knocked it off course. In 2019, India's GDP is growing at the rate of 7 per cent, making it the fastest-growing major economy in the world, but little on the ground suggests that Indians are actually better off. Economic discontent and insecurity are on the rise, farmers are restive and land-owning classes are demanding quotas in government jobs. The middle class is palpably disaffected, the informal economy is struggling and big businesses are no longer expanding aggressively. India is not the star it was in 2008 and in effect, the 'India growth story' has devolved into 'growth without a story'. The Lost Decade tells the story of the slide and examines the political context in which the Indian economy failed to recover lost momentum.

Author : Yoichi Funabashi
Publisher : Routledge
ISBN 13 : 1317503368
Total Pages : 372 pages
Book Rating : 4.61/5 ( download)

DOWNLOAD NOW!

Download or read book Examining Japan's Lost Decades written by Yoichi Funabashi and published by Routledge. This book was released on 2015-04-10 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines five features of Japan’s ‘Lost Decades’: the speed of the economic decline in Japan compared to Japan’s earlier global prowess; a rapidly declining population; considerable political instability and failed reform attempts; shifting balances of power in the region and changing relations with Asian neighbouring nations; and the lingering legacy of World War Two. Addressing the question of why the decades were lost, this book offers 15 new perspectives ranging from economics to ideology and beyond. Investigating problems such as the risk-averse behaviour of Japan’s bureaucracy and the absence of strong political leadership, the authors analyse how the delay of ‘loss-cutting policies’ led to the 1997 financial crisis and a state of political gridlock where policymakers could not decide on firm strategies that would benefit national interests. To discuss the rebuilding of Japan, the authors argue that it is first essential to critically examine Japan’s ‘Lost Decades’ and this book offers a comprehensive overview of Japan’s recent 20 years of crisis. The book reveals that the ‘Lost Decades’ is not an issue unique to the Japanese context but has global relevance, and its study can provide important insights into challenges being faced in other mature economies. With chapters written by some of the world’s leading Japan specialists and chapters focusing on a variety of disciplines, this book will be of interest to students and scholars in the areas of Japan studies, Politics, International Relations, Security Studies, Government Policy and History.

Author : Menzie D. Chinn
Publisher : W. W. Norton & Company
ISBN 13 : 0393080501
Total Pages : 304 pages
Book Rating : 4.06/5 ( download)

DOWNLOAD NOW!

Download or read book Lost Decades: The Making of America's Debt Crisis and the Long Recovery written by Menzie D. Chinn and published by W. W. Norton & Company. This book was released on 2011-09-19 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: A clear, authoritative guide to the crisis of 2008, its continuing repercussions, and the needed reforms ahead. The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long-term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists. By 2008 the United States had become the biggest international borrower in world history, with more than two-thirds of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Indonesia, and other third-world debtor nations. The massive inflow of foreign funds financed the booms in housing prices and consumer spending that fueled the economy until the collapse of late 2008. This was the most serious international economic crisis since the Great Depression of the 1930s. Menzie Chinn and Jeffry Frieden explain the political and economic roots of this crisis as well as its long-term effects. They explore the political strategies behind the Bush administration’s policy of funding massive deficits with foreign borrowing. They show that the crisis was foreseen by many and was avoidable through appropriate policy measures. They examine the continuing impact of our huge debt on the continuing slow recovery from the recession. Lost Decades will long be regarded as the standard account of the crisis and its aftermath.

Author : Naoyuki Yoshino
Publisher : Springer
ISBN 13 : 981105021X
Total Pages : 176 pages
Book Rating : 4.13/5 ( download)

DOWNLOAD NOW!

Download or read book Japan’s Lost Decade written by Naoyuki Yoshino and published by Springer. This book was released on 2017-09-20 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses Japan’s long-term economic recession and provides remedies for that recession that are useful for other Asian economies. The book addresses why Japan’s economy has stagnated since the bursting of its economic bubble in the 1990s. Its empirical analysis challenges the beliefs of some economists, such as Paul Krugman, that the Japanese economy is caught in a liquidity trap. This book argues that Japan’s economic stagnation stems from a vertical “investment–saving” (IS) curve rather than a liquidity trap. The impact of fiscal policy has declined drastically, and the Japanese economy faces structural problems rather than a temporary downturn. These structural problems have many causes: an aging demographic (a problem that is frequently overlooked), an over-reliance by local governments on transfers from the central government, and Basel capital requirements that have made Japanese banks reluctant to lend money to start-up businesses and small and medium-sized enterprises. This latter issue has discouraged Japanese innovation and technological progress. All these issues are addressed empirically and theoretically, and several remedies for Japan’s long-lasting recession are provided. This volume will be of interest to researchers and policy makers not only in Japan but also the People’s Republic of China, many countries in the eurozone, and the United States, which may face similar challenges in the future.

Author : Gary Saxonhouse
Publisher : Wiley-Blackwell
ISBN 13 : 9781405119177
Total Pages : 132 pages
Book Rating : 4.79/5 ( download)

DOWNLOAD NOW!

Download or read book Japan's Lost Decade written by Gary Saxonhouse and published by Wiley-Blackwell. This book was released on 2004-03-05 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume explores the origins of Japan’s current economic crisis and assesses the country’s prospects for recovery. An exploration of the origins and consequences of Japan’s current economic crisis. Examines the collapse of the equity and real estate market bubbles in the late 1980s. Analyses the failure of Japanese monetary and fiscal policies to reverse the ensuing economic decline. Evaluates unorthodox options available to policy makers that might enable Japan to recover from its ‘lost decade’. Suggests that Japan’s prospects for economic recovery are still uncertain.

Author : W. Miles Fletcher III
Publisher : Routledge
ISBN 13 : 1317977033
Total Pages : 164 pages
Book Rating : 4.32/5 ( download)

DOWNLOAD NOW!

Download or read book Japan's 'Lost Decade' written by W. Miles Fletcher III and published by Routledge. This book was released on 2014-06-11 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the 'lost decade' of the 1990s is central to explaining Japan today. Following a period of record high growth, the chronic downturn after 1990 raised fundamental questions about the course of the world's third largest economy. This crisis also presented Japan with the opportunity for transformative change. Changes have followed, some of them less than might be expected, and some of them far more sweeping than is generally realized. This volume presents a wide range of international perspectives on post-bubble Japan, exploring the effects of the long downturn on the views of the Japanese business community, management practices, and national policies. To what degree has Japan's traumatic experience prompted basic reforms in terms of legal changes, corporate governance, business strategy, and the longterm national vision for the economy? This book was originally published as a special issue of Asia Pacific Business Review.

Author : Jennifer Adair
Publisher : Univ of California Press
ISBN 13 : 0520973283
Total Pages : 203 pages
Book Rating : 4.82/5 ( download)

DOWNLOAD NOW!

Download or read book In Search of the Lost Decade written by Jennifer Adair and published by Univ of California Press. This book was released on 2019-12-03 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1983, following a military dictatorship that left thousands dead and disappeared and the economy in ruins, Raúl Alfonsín was elected president of Argentina on the strength of his pledge to prosecute the armed forces for their crimes and restore a measure of material well-being to Argentine lives. Food, housing, and full employment became the litmus tests of the new democracy. In Search of the Lost Decade reconsiders Argentina’s transition to democracy by examining the everyday meanings of rights and the lived experience of democratic return, far beyond the ballot box and corridors of power. Beginning with promises to eliminate hunger and ending with food shortages and burning supermarkets, Jennifer Adair provides an in-depth account of the Alfonsín government’s unfulfilled projects to ensure basic needs against the backdrop of a looming neoliberal world order. As it moves from the presidential palace to the streets, this original book offers a compelling reinterpretation of post-dictatorship Argentina and Latin America’s so-called lost decade.

Author : Carl E. Van Horn
Publisher : Rowman & Littlefield
ISBN 13 : 1442238011
Total Pages : 227 pages
Book Rating : 4.15/5 ( download)

DOWNLOAD NOW!

Download or read book Working Scared (Or Not at All) written by Carl E. Van Horn and published by Rowman & Littlefield. This book was released on 2014-08-06 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working Scared will help citizens, policy makers, educators, business, union, and community leaders better understand what is happening to the United States workforce. It also describes the essential national priorities and policies that will assist in restoring the American dream of secure employment and intergenerational progress.

Author : Jun-ichi Nakamura
Publisher : Springer
ISBN 13 : 4431559183
Total Pages : 73 pages
Book Rating : 4.84/5 ( download)

DOWNLOAD NOW!

Download or read book Japanese Firms During the Lost Two Decades written by Jun-ichi Nakamura and published by Springer. This book was released on 2016-08-02 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why has Japan's lost decade become the lost two decades? This book attempts to provide a novel perspective on causes of stagnant productivity growth of the Japanese corporate sector during the lost two decades. Exploiting the corporate financial dataset compiled by the Development Bank of Japan, it shows empirical evidence that an excessive conservative financial policy of firms in good standing were responsible for sluggish reallocation of productive resources after the recovery of “zombie” firms. The questions taken up in the book include: How can “zombie” firms be properly identified only on the basis of financial data? Why did a majority of “zombie” firms eventually recover? Why did the productivity and profitability of the corporate sector as a whole remain low even after the recovery of “zombie” firms? Why did firms in good standing stick to an excessive conservative financial policy and seem reluctant to invest for innovation? What can be the effective prescription to revitalize these firms in good standing? Supported by both in-depth data analyses and rich anecdotal evidence, this book is highly recommended to readers who seek a convincing and comprehensive explanation of Japan's lost two decades from the financial and corporate behavioral points of view.

Author : Polly Toynbee
Publisher :
ISBN 13 : 9781783351718
Total Pages : 368 pages
Book Rating : 4.13/5 ( download)

DOWNLOAD NOW!

Download or read book The Lost Decade written by Polly Toynbee and published by . This book was released on 2020-03-03 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ten years from 2010 have been devastating. A decade of austerity and paralysis nurtured contempt for leaders, institutions and fellow citizens and fertilised the ground for a rebellious Brexit. It has been a decade characterised by national tragedies from Grenfell to Windrush, and food banks to the property crisis. But, as Adam Smith said, 'there's a great deal of ruin in a nation'. No truthful portrait of an era can be monochrome. Bright spots included the rise of renewable energy, lower crime rates, legalisation of same-sex marriage and the creative industries continuing to punch well above their weight in spite of cuts. In The Lost Decade, Polly Toynbee and David Walker offer the definitive survey of this most tumultuous of periods in British history and look to what lies ahead for us. This is the anatomy of a dark decade, bringing hope for better to come.