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The Bill from the China Shop: How Asia's Savings Glut Threatens the World Economy

Dumas, Charles, Choyleva, Diana

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ISBN 10: 1861978715 / ISBN 13: 9781861978714
Published by Profile Books, 2006
Used Condition: Fair
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Bibliographic Details

Title: The Bill from the China Shop: How Asia's ...

Publisher: Profile Books

Publication Date: 2006

Book Condition: Fair

About this title

Synopsis:

Alan Greenspan's tenure at the US Federal Reserve coincided with a period of unparalleled global growth, stability, and prosperity. But the world economy has been warped since the 1997 Asian crisis by excessive saving in China and developing Asia, as well as in Japan and north-central Europe. Unsophisticated economic policies and primitive financial systems notably in China, but also in other parts of Asia have resulted in the global economy now depending on unprecedented current account deficits and the willingness of America, Britain, Australia, and increasingly Mediterranean Europe, to import goods and capital. This book examines the financial crisis.

About the Author:

Charles Dumas has been Head of the World Service at Lombard Street Research since 1998 and is one of the world s leading macroeconomic forecasters.Diana Choyleva is the Head of the UK Service at Lombard Street Research and is an expert on China s economy.

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