unconventional wisdom on the future of the world economy Hale, David D. 1951- Hale, Lyric. text bibliography ctu New Haven [Conn.] Yale University Press c2011 2011 monographic eng

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xxx, 332 p. : ill. ; 24 cm. The world spins in economic turmoil, and who can tell what will happen next? Cold numbers and simple statistical projections don't take into account social, financial, or political factors that can dramatically alter the economic course of a nation or a region. In this unique book, more than twenty leading economists and experts render thorough, rigorously researched prognoses for the world's major economies over the next five years. Factoring in such varied issues as the price of oil, the strength of the U.S. dollar, geopolitics, tax policies, and new developments in investment decision-making, the contributors ground their predictions in the realities of current events, political conditions, and the health of financial institutions in each national economy. This most comprehensive volume on the global economy available today, this book presents up-to-date research on Russia, Australia, Europe, sub-Saharan and South Africa, the major Asian economies, North America, and the largest economies of Latin America. With unsurpassed expertise, the authors explain what's going on in individual countries, how important current global issues will impact them, and what economic scenarios they most likely will face in upcoming years. Western hemisphere economies. The US recovery / David Hale ; The Canadian economy: prospects and challenges / Joshua Mendelsohn ; Mexico's interminable transition--2011 and beyond / Timothy Heyman ; Is Latin America changing? / Pedro Pablo Kuczynski -- Europe. The world bets on Europe, but the United States will probably win / Anatole Kaletsky -- Asia. Asia's paradigm shift / Louis-Vincent Gave ; Japan: return to normal / Robert Madsen ; Japan: the interregnum goes on / Richard B. Katz -- Southern hemisphere economies. Prospects for Sub-Saharan Africa in 2010-2011 / Keith Jefferis ; South Africa after 2010 / Iraj Abedian ; It didn't have to be that bad--the counterexample of Australia / Saul Eslake -- Reserve currencies. The future of the US dollar as a reserve currency / John Greenwood ; Will the gold rally continue? / David Hale -- The geopolitics of energy. In the shadow of peak oil, peak carbon, Iraqi nationalism, and paper barrels: the oil markets of the 2010s / Albert Bressand ; In the aftermath of Iran's latest revolution / Narimon Safavi ; Climate change: feasible policy and future carbon markets / Brian Fisher and Anna Matysek -- Crisis and reform. Were banks bust in 2009? And did they really need much more capital? / Tim Congdon ; The Tobin tax: creating a global fiscal system to fund global public goods / Andrew Sheng ; Fiscal imbalances, economic growth, and tax policy: plucking more feathers from the golden goose / Jack Mintz ; Dodd-Frank financial reforms have a broad scope, and will likely have a modest impact / Michael T. Lewis ; The future of corporate compliance / Carole Basri -- Neuroeconomics. The human side of investment decision-making / Thierry Malleret ; The diminishing returns of the information age / Mark Roeder. edited by David Hale and Lyric Hughes Hale. Includes bibliographical references and index. Economic history 21st century Economic forecasting Economía Siglo XIX Economía internacional HC 59.3 W555 2011 330.9 9780300170313 (pbk. : alk. paper) DLC 110119 20230410142420.0 spa