From Financial Crisis To Global Recovery

By Padma Desai

In this wise and thoughtful analysis of the global financial crisis, Padma Desai, who teaches at the Columbia University, makes the complexities of economic policy and reform accessible to a wide audience. Merging a compelling narrative with scholarly research, she begins with a systematic breakdown of the factors leading to America's recent recession, describing the monetary policy, tax practices, sub-prime mortgage scandals and lax regulation that contributed to the crisis, and frankly assesses whether the US economy is truly on the mend. Expanding her view, she considers the prospects for recovery in North America as a whole, as well as in Europe, Asia, and South America, and the extent and value of US and EU regulatory proposals. She concludes with a historical comparison of the Great Depression and the Great Recession, weighing the effect of the economic collapse on the future of American capitalism.

• Language: English
• Publisher: Collins
• Release date: Dec 7, 2012
• ISBN: 9789350299302

Padma Desai

Padma Desai is the Gladys and Roland Harriman professor of comparative economic systems and director of the Center for Transition Economies at Columbia University. She has served as president of the Association for Comparative Economic Studies and as advisor to the Russian Finance Ministry for the US Treasury. She is the author of Conversations on Russia and Financial Crisis, Contagion, and Containment: From Asia to Argentina.