
Global capitalism is affected by the malaises of stagnation, financial fragility, increased income inequality, growing wealth concentration at the top, and a vanishing fair social contract. This book focuses on the incidence of these phenomena in the US, UK, Greece, Spain, Chile, South Africa, Australia, China, and other countries. The book looks at the effects of IMF-ECB led austerity policies in Europe. The book examines concrete country and global conditions combining theory, country studies, historical evidence, and international comparative analysis. The book also proposes new policy priorities to restore stability, reduce inequality, and consolidate democracy in 21st century capitalism.
This book investigates the structural failures of contemporary global capitalism, specifically addressing the rise of inequality, financial instability, and the erosion of the social contract. Andrés Solimano, an economist with extensive experience in international development, synthesizes macroeconomic theory with empirical data from diverse national economies. He argues that current policy frameworks, particularly those emphasizing austerity, have exacerbated wealth concentration and undermined democratic stability, necessitating a fundamental shift in global economic priorities.
What You Will Find
Scope Limits
Experts recognize this work as a rigorous contribution to the discourse on modern political economy and the limitations of neoliberal policy. Readers frequently note the academic density of the prose, which makes it a suitable resource for students and professionals interested in international development and systemic economic reform.
Page Count:
254
Publication Date:
2016-01-01
Publisher:
Oxford University Press
ISBN-10:
0190626291
ISBN-13:
9780190626297
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