The Global Economy in Turbulent Times

A leading authority's answer to today's global economic challenges
 
In Global Economy in Turbulent Times, Harvard economist Dr. See-Yan Lin offers his timely and incisive views on today's key economic issues. Adapted from his hugely popular column in the Malaysia Star newspaper, these articles offer fresh and entertaining perspectives on perennial economic problems. The discussion covers the world economy, with particular attention to the US, EU, Japan, and the international monetary system, as Dr. Lin explains how the economy is broken and offers multiple paths to repair. Coverage includes emerging East Asia, ASEAN (especially Malaysia), and BRICS nations, plus the author's own views on global demography, the need for quality education, corporate governance in Malaysia, and more.
 
Dr. Lin's expertise in strategic and financial issues is renown and actively sought in the academic, economic, banking, and business realms. In this book, he presents his observations and analysis of the global economy, and the most pressing issues facing the world's financial future.
* Consider the issues faced by the world's leading economies
* Examine the factors underlying inadequacy of political will to act
* Gain insight into the middle class that's emerging across the globe
* Get new perspective on CSR and management from a leading authority
 
Opinions on the world's economic problems are abundant, but seldom do they come from such an authoritative source. Dr. Lin draws upon decades of economic experience and the knowledge gained through three post-graduate Harvard degrees to give you a deeper understanding of the current state of the economy. Gain the insight of a multi-awarded scholar and economist with the deep discussion and expert analysis in Global Economy in Turbulent Times.

List of contents

Royal Prelude xlvii
 
Foreword xlix
 
Preface li
 
Introduction liii
 
About the Book lv
 
Acknowledgments lix
 
PART I THAT WAS THE WORLD THAT WAS (TW3) 1
 
CHAPTER 1 TW3 2008: The Year Free Markets Ran Amok 3
 
CHAPTER 2 2009: "Oxpicious" Year Ahead 9
 
CHAPTER 3 Beware of PME in a Jobless 2009 Recovery 17
 
CHAPTER 4 G-20 Summit, Pittsburgh 2009: Has "It Worked"? 23
 
CHAPTER 5 TW3 2009: Growing Again, but Hold on Tight 29
 
CHAPTER 6 Summer 2010: In for a Bumpy Ride, Even a Double-Dip? 35
 
CHAPTER 7 G-20 Summit, Toronto 2010: Reflects a Fragile Unity 41
 
CHAPTER 8 IMF Meet, Fall 2010: A Cop-Out 47
 
CHAPTER 9 G-20 Summit, Seoul 2010: Much Ado about Nothing 53
 
CHAPTER 10 TW3 2010: The World Trichotomized 59
 
CHAPTER 11 Prospects 2011: As the World Turns 65
 
CHAPTER 12 A Check-up at Mid-Year, 2011 71
 
CHAPTER 13 Gloomy Outlook Takes Its Toll, 2011-2012 77
 
CHAPTER 14 G-20 Summit, Cannes 2011; APEC, Honolulu 2011: Without Gusto! 83
 
CHAPTER 15 TW3 2011: Annus Horribilis 89
 
CHAPTER 16 G-20 Summit, Los Cabos 2012 GJAP: More of the Same 95
 
CHAPTER 17 APEC, Vladivostok 2012: A New Perspective 101
 
CHAPTER 18 TW3 2012: A Tough Year with a Bleak Outlook 107
 
CHAPTER 19 2013: Breadth of Global Slowdown Disconcerting 113
 
CHAPTER 20 TW3 2013: Tension and Risks; a Peek at 2014 119
 
CHAPTER 21 Spring 2014 Stock Take: Complex Risks Ahead 127
 
PART II TROUBLE WITH THE GLOBAL ECONOMY 133
 
CHAPTER 22 The Paradox of Thrift 135
 
CHAPTER 23 Deflation Is Not an Option 141
 
CHAPTER 24 Reality Check on Economic Models 147
 
CHAPTER 25 Commodity and Asset Prices Are Up; Can Inflation Be Far Behind? 151
 
CHAPTER 26 A New Hazard: Double-Dip Deflation 157
 
CHAPTER 27 The "New Normal" 163
 
CHAPTER 28 Muddling Through the Inflation 169
 
CHAPTER 29 It's a Dangerous World out There 175
 
CHAPTER 30 "Risk-Off" Episodes 181
 
CHAPTER 31 Now's Not the Time for Austerity 187
 
CHAPTER 32 The World Economy: Growing Pains and Bubbly Worries 193
 
CHAPTER 33 What's Up Is Down 199
 
PART III THE UNITED STATES: JOBLESS RECOVERY 205
 
CHAPTER 34 Jackson Hole "Gunfi ght" Shoots Blanks 207
 
CHAPTER 35 The United States Is No Longer AAA 213
 
CHAPTER 36 "Occupy Wall Street" Goes Global 219
 
CHAPTER 37 Lessons from Marx to Market 225
 
CHAPTER 38 Sachs and Krugman on the Global Crisis 231
 
CHAPTER 39 Life after Keynes with the Double-Dip 237
 
CHAPTER 40 Growth Dims after the "Cliff" 243
 
CHAPTER 41 An Inconvenient Truth: QE Withdrawal Syndrome 249
 
CHAPTER 42 An Unnecessary Disaster Spawns Market Fears 255
 
CHAPTER 43 US Growth Deficit: Too Loose, Too Long 261
 
PART IV THE EUROPEAN UNION AND EUROZONE: MORE AUSTERITY 267
 
CHAPTER 44 Dark Clouds over Europe and the United States 269
 
CHAPTER 45 ECB and Fed Clear Way to Act 275
 
CHAPTER 46 Eurozone Growth Can't Move beyond First Gear but Needs to Keep Deflation at Bay 281
 
CHAPTER 47 PIIGS Can't Fly: The Trouble with Greece 287
 
CHAPTER 48 Greece Is Bankrupt 293
 
CHAPTER 49 Greek Bailout Mark II: It's a Default 299
 
CHAPTER 50 Greece and Eurozone: Austerity Fatigue 305
 
CHAPTER 51 Greece: More Aid Needed to Save the Austerity-Fatigued 311
 
CHAPTER 52 New Euro Deal: Not the Whole Bazooka 317
 
CHAPTER 53 European Union: Favoring Growth Against More Austerity 323
 
CHAPTER 54 European Union: A Summer

About the author

LIN SEE-YAN is a Harvard-educated economist and a British Chartered Scientist. Currently, he is Pro-Chancellor and Research Professor at Sunway University. He was advisor to all Prime Ministers and Ministers of Finance in Malaysia since its independence. Dr. Lin teaches, writes, publishes, and consults on strategic and financial issues, including writing a fortnightly column What Are We To Do in The Star, which is widely circulated in Malaysia.

Summary

A leading authority's answer to today's global economic challenges In Global Economy in Turbulent Times, Harvard economist Dr. See-Yan Lin offers his timely and incisive views on today's key economic issues.

Product details

• Authors: See Yan Lin, See-Yan Lin, Lin See-Yan
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 30.07.2015
• EAN: 9781119059929
• ISBN: 978-1-119-05992-9
• No. of pages: 1024
• Dimensions: 165 mm x 240 mm x 50 mm
• Subjects: Social sciences, law, business > Business; Volkswirtschaftslehre, Economics, internationale, Internationale Ökonomie u. internationaler Handel, International Economics & Trade