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

Akhilesh Chandra Prabhakar
School of Economics, Finance and Banking, Universiti Utara Malaysia (UUM), Malaysia

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Product Details
22 Dec 2016
Emerald Group Publishing Limited
456 pages - 152 x 229 x 20mm
This generation's economic crisis has truly global reach, with repercussions reverberating throughout nations and across societies. Prabhakar investigates the world-wide depression, using empirical understanding and new data sets on indicator and policy variables. He focuses on: the overall causes of this crisis and the failures of mainstream economics; analyzes the rising tide of poverty and social inequality resulting from the depression; examines the relationship between the economic crisis and economic systems; studies the evolution of the global monetary system and history of central banking; and delves into BRICS with a particular focus on China and India, as well as Europe and the United States. This applicable work should be used to understand and study the true global reach of this crisis, and the effect on economic policy and society as a whole.
PART 1: THEORETICAL INVESTIGATION 1. Introduction 2. The Great Recession and the Great Depression 3. Collapse of Neo-Liberalism: The Debate 4. Crony Capitalism 5. Overproduction and Underconsumption 6. Technology and Economic Growth PART 2: EMPIRICAL INVESTIGATION 7. Global Economy — An Enquiry 8. Income, Poverty and Inequality 9. BRICS: A New World Economic Order 10. China: A New Business and Economic Leader 11. The Global Economic Recession: South Perspective 12. Conclusion Bibliography Index
Akhilesh Chandra Prabhakar, Universiti Utara Malaysia (UUM), India
Akhilesh Chandra Prabhakar presents readers with an comprehensive examination of the impact of the Great Recession on the world’s developed economies as well as those of the BRIC countries. The author has organized the twelve chapters that make up the main body of his text in two parts devoted to his theoretical and empirical investigations. Individual chapters are focused on the global economic scenario, the relationship between the Great Depression and the Great Recession, technology and economic growth, and a wide variety of other related subjects. Prabhakar is a faculty member of Universiti Utara Malaysia in India. Distributed in North America by Turpin Distribution.

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