Fault Lines : How Hidden Fractures Still Threaten The World Economy

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HarperCollins Publishers India, Jan 2, 2012 - Business & Economics - 368 pages
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How Hidden Fractures Still Threaten The World Economy is an enlightening book that aims to draw your attention to the fault lines that are present in the world's economy today. The author believes that these fault lines were responsible for the financial crisis that the world saw, in the year 2008. He also believes that the world could be in for some more severe financial situations, if the fault lines that are mentioned in this book are not attended to, immediately. The author mentions his belief that the financial meltdown experienced by the world has been due to these fault lines and not solely due to the choices made by individuals, such as government officials, bankers and homemakers. He believes that the decisions made by these people were made as a logical response to the fault lines in the world's economy. In this book, the author chalks out a fixed course of action that the world's economies must adopt, if they want to see things change for the better. He also chalks out a specific developmental plan for India as well. He stresses upon the fact that the country must act upon the advice that is given in this book, if change is to take place for the better, in the near future.

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Review: Fault Lines: How Hidden Fractures Still Threaten the World Economy

User Review  - Bryan - Goodreads

The book starts out strong with an innovative, insightful analysis of what caused the current financial crisis and what risks remain for the global economy. Rajan's "solutions," however, lack detail and are too academic. Read full review

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About the author (2012)

Dr Raghuram G. Rajan (b. 1963) is the Governor of the Reserve Bank of India. He was earlier Chief Economic Adviser to the Government of India, a post he held from August 2012 to August 2013, when he took up his present position. He has been the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business, and was the chief economist at the International Monetary Fund from September 2003 until January 2007. He has co-authored a book with Luigi Zingales entitled Saving Capitalism from the Capitalists, a path-breaking examination of the role of financial markets.

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