Paper dragons : China and the next crash
Bello, Walden F.2021
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Emerging relatively unscathed from the banking crisis of 2008, China has been viewed as a model of both rampant success and fiscal stability. But beneath the surface lies a network of fissures that look likely to erupt into the next big financial crash. A bloated real-estate sector, roller-coaster stock market, and rapidly growing shadow-banking sector have all coalesced to create a perfect storm: one that is in danger of taking the rest of the world's economy with it. Walden Bello traces our recent history of financial crises - from the bursting of Japan's 'bubble economy' in 1990 to Wall Street in 2008 - taking in their political and human ramifications such as rising inequality and environmental degradation. Insightful, erudite and passionate, this book is a must-read for anyone wishing to prevent the next financial meltdown.
Main title:
Paper dragons : China and the next crash / Walden Bello.
Author:
Imprint:
London : Zed Books, 2021.
Collation:
336 pages ; 22 cm
ISBN:
9781786995971 (pbk)
Dewey class:
330.9'51'06330.95106
Language:
English
Subject:
BRN:
3178099
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