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The Current Global Recession: A Theoretical and Empirical Investigation into Developed and BRICS Economies

The Current Global Recession: A Theoretical and Empirical Investigation into Developed and BRICS Economies.


Arkhilesh Chandra Prabhakar, Universiti Utara Malaysia


By using empirical understanding and new policy data, this important new title investigates the world-wide economic crisis.

The global recession has had a truly international reach, with repercussions reverberating throughout nations and across societies. The book examines the overall causes of the crisis and the failures of mainstream economics, and analysis the rising tide of poverty and social inequality resulting from the recession. It also examines the relationship between the crisis and economic systems, and examines the evolution of the global monetary system and history of central banking. Finally, it delves into BRICS with a particular focus on China and India, as well as Europe and the US.

This work will be of interest to researchers, students and academics in economics and policy.

Brief Table of Contents
Chapter One: Introduction
Chapter Two: The Great Recession & the Great Depression
Chapter Three: Collapse of Neo-Liberalism: The Debate
Chapter Four: Crony Capitalism
Chapter Five: Under Consumption and Over Production
Chapter Six: Technology and Economic Growth
Chapter Seven: Global Economy: An Empirical Investigation
Chapter Eight: Income, Poverty and Inequality
Chapter Nine: BRICS: A New World Economic Order
Chapter Ten: China: A New Business Economic Leader
Chapter Eleven: The Global Economic Depression: South Perspective
Chapter Twelve: Conclusion

Book Information

ISBN Print: 9781786351586
ISBN Electronic: 9781786351579
Publication Date: 14 April 2016
Format print: Hardback
Page count: 300
Dimensions: 152 x 229

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About the Author

Dr. A.C. Prabhakar is a professor at Universiti Utara Malaysia. Previously, he served for seven years under the UNDP. He is Editor-in-Chief of International Journal of Advancement in Education and Social Sciences. Dr. Prabhakar obtained a PhD degree from Jawaharlal Nehru University, Delhi. He is a member of the UN-based think tank for the South Centre, Geneva.

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