George Soros applies his experience in the world of finance to explain what is happening in the collapsing global economy. The Russian economy has collapsed leading to inflation and economic hardship; scores of Japanese banks are in ruin; the once-booming economies of Thailand, Malaysia and Indonesia have imploded; and even in Europe and America, the markets lurch violently, wiping out gains each week. Soros dissects the crisis and economic theory, revealing how theoretical assumptions have combined with human behaviour to lead to today's calamities. He shows how unquestioning faith in market forces causes blindness to crucial instabilites, and how those instabilities have chain-reacted to cause the economic crisis which, he argues, still has the potential to get much worse. Soros offers solutions to this global meltdown.
- ISBN10 0316849162
- ISBN13 9780316849166
- Publish Date 7 December 1998 (first published 1 January 1998)
- Publish Status Out of Print
- Out of Print 30 December 2009
- Publish Country US
- Imprint Little, Brown & Company
- Format Hardcover
- Pages 288
- Language English