An indispensable and absolutely accessible explanation of the causes of the world economic crisis and how we should respond to it In this urgent and timely book, the man the Daily Telegraph calls qthe sage of the credit crunchq shows that although the downturn is global, the complacency of the British government towards the huge qbubbleq in property prices and high levels of personal debt, combined with increasingly exotic trading within the financial markets, has left Britain badly exposed. This paperback edition has been fully revised and updated to include Vince Cableas latest assessment of the recession.Oil brings riches, but it can also bring massive waste, corruption, unsustainable spending and overconcentration of power. Overvalued exchange rates make manufacturing and agriculture uncompetitive. ... high prices, one consequence may be an environmentally unfriendly switch to coal as well as dirty nonconventional oils. ... It is possible to secure a wide diversity of gas supplies ( for the foreseeable future, Britaina#39;s supplies will be from the British, Dutch and Norwegian North Sea, anbsp;...
|Publisher||:||Atlantic Books Ltd - 2010-02-01|