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    Beyond the Crash: Overcoming the First Crisis of Globalization
    Beyond the Crash: Overcoming the First Crisis of Globalization
    Beyond the Crash: Overcoming the First Crisis of Globalization
    Audiobook6 hours

    Beyond the Crash: Overcoming the First Crisis of Globalization

    Written by Gordon Brown

    Narrated by Gordon Brown

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    About this audiobook

    The international financial crisis that has held our global economy in its grip for too long still seems to be in full stride. Former British Prime Minister and Chancellor of the Exchequer Gordon Brown believes the crisis can be reversed, but that the world’s leaders must work together if we are to avoid a decade of lost jobs and low growth.

    Brown speaks both as someone who was in the room driving discussions that led to some crucial decisions and as an expert renowned for his remarkable financial acumen. No one who had Brown’s access has written about the crisis yet, and no one has written so convincingly about what the global community must do next in order to climb out of this abyss. Brown outlines the shocking recklessness and irresponsibility of the banks that he believes contributed to the depth and breadth of the crisis. As he sees it, the crisis was brought on not simply by technical failings, but by ethical failings too. Brown argues that markets need morals and suggests that the only way to truly ensure that the world economy does not flounder so badly again is to institute a banking constitution and a global growth plan for jobs and justice.

    Beyond the Crash puts forth not just an explanation for what happened, but a directive for how to prevent future financial disasters. Long admired for his grasp of economic issues, Brown describes the individual events that he believes led to the crisis unfolding as it did. He synthesizes the many historical precedents leading to the current status, from the 1933 London conference of world leaders that failed to resolve the Great Depression to the more recent crash in the Asian housing market. Brown’s analysis is of paramount importance during these uncertain financial times.

    As Brown himself said of his ideas for the future, “We now live in a world of global trade, global financial flows, global movements of people, and instant global communications. Our economies are connected as never before, and I believe that global economic problems require global solutions and global institutions. In writing my analysis of the financial crisis, I wanted to help explain how we got here, but more important, to offer some recommendations as to how the next stage of globalization can be managed so that the economy works for people and not the other way around.”
    LanguageEnglish
    PublisherSimon & Schuster Audio
    Release dateDec 7, 2010
    ISBN9781442341128
    Author

    Gordon Brown

    Gordon Brown was Chancellor of the Exchequer, a role he held for more than a decade, then Prime Minister of the United Kingdom. He is credited with preventing a second Great Depression through his leadership at the 2009 London G20 summit where he mobilised global leaders to walk the world back from the financial brink. Today he is fully engaged in international development work serving as the United Nations Special Envoy for Global Education, spearheading efforts to deliver a quality and inclusive education for all of the world's children, and as the World Health Organization's Ambassador for Global Health Finance. Brown has a PhD in History from the University of Edinburgh. A Member of Parliament between 1983 and 2015, he lives in Fife, Scotland, and is married to Sarah, and the couple have two teenagers.

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    • 5/5
      This is quite the most difficult book that I have read all year. I can just about balance the family budget but, when high finance is discussed, I hear the water in my ears as the tide rushes over my head.After a poor start, where I felt that Gordon Brown was playing for his place in history, chiefly by sucking up to everyone (the brilliant Ed balls, the amazing Nicolas Sarkozy, etc.), this book is a path for world economic growth. It reads as an eminently logical system whereby everybody gains. One particular phrase that I really liked was, "the argument that the economy operates according to iron laws and the only role of men and women is to live by what those laws dictate demeans our humanity...." Amen to that.When he stops trying, Brown comes across as a caring man with more that platitudes, the man has a plan - and it is not just for British success, but for World success. I hope that the world is ready: it will be a sad day for everyone if this opportunity is missed.