Book description
An engaging look at the road to a sustained economic recovery
The global finance system can be regulated to prevent massive credit
fraud, tame capitalism, confront the sovereign debt crisis, and move
towards investing in the real economy and full employment.
"Obamanomics", and American reinvention can lead to a
sustained economic recovery but only together with major domestic,
European, and global monetary reforms in cooperation with emerging nations.
For decades, the U. S. dollar has served as the world's reserve
currency. But after the global market meltdown and the resulting
massive stimulus spending meant to keep the Great Recession from
becoming an even Greater Depression, confidence in America's ability
to make good on its growing debt is at all-time lows. In Brave New
World Economy: Global Finance Threatens Our Future, Wilhelm
Hankel and Robert Isaak-two extremely controversial, yet highly
respected experts on international economics and management-describe
how "Obamanomics," the Euro crisis, and shift of economic
growth from the West to emerging economies, if handled properly, can
lead to true economic stability and job creation.
- Highlights America's 'Great Bluff' bail-out strategy to cope
with the crisis and the reforms Obamanomics must make to bring
about sustainable job recovery
- Describes the risks and rewards of borrowing from future
generations-in the United States, Europe, and the developing
world-to save the current generation
- Details how money became separated from government control and
why the interbanking credit system threatens western nations with
bankruptcy, undermining pensions, and the human right to work
- Points out why nation-states need to go back to helping
themselves and not rely on the false promises of regional
integration and globalization
- Shows how legalizing underground labor will create more jobs
How we arrived at this economic crossroads isn't as important as the
decision as to which path to take. The Brave New World Economy
points us in the right direction.
Wilhelm Hankel is former Director of the German
Economic Finance Ministry, Department of Money and Credit. An
internationaleconomist and consultant to centralbanks, his creative
theories of money and the global economy, as well as his proven
fixesfor stalemated political economies, are illustrated throughout
fourteen books.
Robert Isaak is a political economist and the Henry George
Professor of International Management at Pace University, in New York.
A consultant to businesses such as Siemens and Prudential
Intercultural, he has taught at Johns Hopkins SAIS, and New York
University, and has been a guest professor of international management
at the University of Mannheim, Heidelberg University, the University
of Grenoble, and SKEMA Business School, in France. He has authored
eleven books on political economy.
