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How and why the global economic crisis happened

Publication: VoiceDate: 2009
The global economic recession of 2007-2009 proved to be both unusual and remarkable. It was unusual, first of all, in its global reach: previously, there has always been some substantial part of the world economy that has remained healthy while others...

A new global financial system?

Publication: VoiceDate: 2009
These are challenging times, indeed. We can count ourselves fortunate that the vast financial crash of 2007-09, centred on America and Europe, has not caused a repeat of the Great Depression of the 1930s. Huge government rescue efforts, using fiscal and...

How different is the world, really?

Publication: VoiceDate: 2009
It is tempting, and very common, at times of great shocks and crises, to proclaim that the world has utterly changed, that it will never be the same again. That is what many people—including, I must admit, the magazine of which I was editor-in-chief,...

A short window of environmental opportunity

Publication: VoiceDate: 2009
The great recession of 2007-09 looked as if it would lead to a continual fall in the oil price, as demand for this "black gold" slumped. But instead, markets and politics confounded us. The oil price did not keep on falling. Instead it bounced back, doubling...

The future of capitalism

Publication: VoiceDate: 2009
It can all be blamed on Karl Marx. More than 150 years ago, that heavily bearded German-born revolutionary economist was living in London, working in the beautiful surroundings of the British Museum Reading Room. As a student in the 1970s, I can remember...

Imbalances, inequality and sustainability

Publication: VoiceDate: 2009
Political attitudes to inequality are thus, as I have argued, going to change more, and more sustainably, than are corporate attitudes to that issue. The environment for business is changing, but business itself is not. When we move to the second cause...

The world crisis and its impact on Japan

Publication: VoiceDate: 2009
If we can trust the economic statistics, then the global economic crisis of 2007-09 has come to an end. As 2010 began, output was rising again in Japan, the United States, France and Germany, and economic growth has rebounded in both China and India....

What Japan needs to do

Publication: VoiceDate: 2009
The distinction between "manufacturing" and "services" does not really tell us much, about value, living standards and long-term prosperity. In America during the 1980s and early 1990s, "services" were often denigrated as being just the creation of jobs...

Preface

Publication: VoiceDate: February 2010
The great global recession of 2007-2009 has been a shocking and disturbing experience for people all over the world, especially the many who had become accustomed to rising prosperity during the previous few years. For me, as a writer and commentator,...

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