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Product Details of "The Economic Government of the World: 1933-2023" by Martin Daunton:
- Title: The Economic Government of the World: 1933-2023
- Author: Martin Daunton
- Publisher: Penguin
- Language: English
- Hardcover: 880 pages
- ISBN-10: 1846141710
- ISBN-13: 978-1846141713
- Item Weight: 1 kg
- Dimensions: 16 x 4.5 x 24 cm
This epic history provides an in-depth examination of money, trade, and development from 1933 to 2023. Martin Daunton explores the shifting balance between economic nationalism and globalization over the course of ninety years. The book delves into the institutions and individuals who have shaped the global economy and examines the reasons behind the breakdown of one economic order and the establishment of another.
In 1933, during the Great Depression, John Maynard Keynes reflected on the inadequacies of individualistic capitalism and the need for change. The book traces the historical events and key figures who managed the global economy during this period. It covers the failure of the 1933 World Monetary and Economic Conference, the impact of trade and currency warfare, the emergence of the Bretton Woods system, the establishment of institutions like the International Monetary Fund and the International Bank for Reconstruction and Development, and the development of the General Agreement on Tariffs and Trade.
Daunton also discusses the challenges to this economic order, including the breakdown of the social contract and challenges from the Third World. He explores the rise of neoliberalism, financialization, and hyper-globalization, as well as the 2008 global financial crisis and its aftermath.
The book calls for a return to globalization that benefits the world's poor and a fairer form of capitalism that prioritizes domestic welfare and equality. It highlights the interconnectedness of trade, international monetary relations, capital mobility, and development, placing them in the geopolitical context of the twentieth century.
"The Economic Government of the World" is grounded in extensive archival research and provides a comprehensive analysis of the origins of our current global economic challenges. It offers insights into how a fairer international order can be constructed.
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