Foreword -- Introduction -- Causes of the global financial crisis. China and Russia blame U S policies for the crisis / Jenny Booth ; The greed of financial institutions caused the crisis / Oskari Juurikkala ; "Boom thinking" caused the crisis / Robert J Shiller ; The weakness of banking regulations caused the crisis / Vince Cable ; Low interest rates caused the crisis / Tito Boeri and Luigi Guiso ; Abandoning the gold standard caused the crisis / Dominic Lawson ; United States and China must join forces to control crisis / Michael Pettis ; Periodical bibliography -- Effects of the global financial crisis on wealthier nations. In the United States, the financial crisis creates tent cities and homelessness / Kathy Sanborn ; Canada will not suffer a subprime mortgage crisis / Jonathan Kay ; Australia's economy remains bound up with that of the United States / Sean Carmody ; The European Union is buckling under the crisis / Edward Hugh ; In Iceland, an economic miracle ended in disaster / Andrew Pierce ; The crisis fuels unrest in France, Britain, China, and Russia / Thomas Huetlin, Andreas Lorenz, Christian Neef, Matthias Schepp, And Stefan Simons ; Israel will cut social programs, but not military spending / Daniel Rosenberg ; Periodical bibliography -- Effects of the global financial crisis on developing nations. Worldwide, migrant workers are threatened by job losses and xenophobia / Ron Synovitz ; In India and China, the crisis may worsen poverty / Jayshree Bajoria ; China could use the crisis to become a responsible world power / Jing Men ; The Philippines is in a good position to weather the crisis / Antonio A Esguerra II ; Latin America is struggling to deal with the crisis / Woodrow Wilson International Center for Scholars ; Islamic banks are insulated from the crisis / Faiza Saleh Ambah ; Periodical bibliography -- Solutions to the global financial crisis. International investments complicate the financial crisis and its remedy / Michael Mandel ; Protectionist measures will worsen the crisis / Jaime Daremblum ; In Africa, ending neoliberal economic policies will solve the crisis / Demba Moussa Dembele ; U.S. bailouts are corporate welfare and will not solve the crisis / George Monbiot ; Japan's experiences provide lessons for dealing with the crisis / Masaaki Shirakawa ; The United States should follow Sweden's example and nationalize its banks / Matthew Richardson and Nouriel Roubini ; Sweden's experience does not provide support for bank nationalization / Fredrik Erixon ; Periodical bibliography -- For further discussion -- Glossary -- Organizations to contact.
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Explains international reactions to the global financial crisis through essays covering topics ranging from the collapse of Iceland's banking system to possible solutions based on Japan's response to their burst economic bubble.
Financial crises, Juvenile literature.
Global Financial Crisis, 2008-2009, Juvenile literature.