OECD Insights From Crisis to Recovery: The Causes, Course and Consequences of the Great Recession

Front Cover
OECD Publishing, Oct 6, 2010 - Political Science - 144 pages

How did the sharpest global slowdown in more than six decades happen, and how can recovery be made sustainable? OECD Insights: From Crisis to Recovery traces the causes, course and consequences of the “Great Recession”. It explains how a global build up of liquidity, coupled with poor regulation, created a financial crisis that quickly began to make itself felt in the real economy, destroying businesses and raising unemployment to its highest levels in decades. The worst of the crisis now looks to be over, but a swift return to strong growth appears unlikely and employment will take several years to get back to pre-crisis levels. High levels of public and private debt mean cutbacks and saving are likely to become the main priority, meaning the impact of the recession will continue to be felt for years to come.

Other titles in this series:

Human Capital, 2007
Sustainable Development, 2008
International Trade, 2009
International Migration, 2009
Fisheries, 2010

On the Internet: www.oecd.org/insights
Visit the Insights blog at http://oecdinsights.org.

What people are saying - Write a review

We haven't found any reviews in the usual places.

Other editions - View all

About the author (2010)

Brian Keeley and Patrick Love are editors at the OECD.

Bibliographic information