Question

In: Economics

How does the book, "The Shifts and Shocks" have to do with the relevance for our...

How does the book, "The Shifts and Shocks" have to do with the relevance for our understanding of our Economy today?

Solutions

Expert Solution

Answer) The shifts and shocks,written by Martin wolf,economic commentator,it deals with why and what we can learn from the financial crisis of 2007-08.Book deals with how the shocks created crisis in Europe and at same time it benefitted developing economies particularly China and in process shifting the focus of economic progress.If we look at economy today,the idea in the book that political support and cheerleading the economy while suppressing the clear voices of rational dissent is still prevalent,questions are seen as cynical way to create negativity and questions in sustainibility of growth is seen as something of a party pooper,in today s economy too vulnerable are being sold products which they have no knowledge of,at times there is no check on validity of what is happening,crisis happens because we don't learn from the previous ones,message from book in today s times for economy is clear,we should celebrate growth but at the same time we need to keep an eye on red flags,we need to act before its too late and difficult to save economy.

Answer is complete.Thank you!


Related Solutions

In the book "The Shifts and the Shocks" by Martin Wolf, of Chapter 4 How did...
In the book "The Shifts and the Shocks" by Martin Wolf, of Chapter 4 How did finance become fragile? What was the reason?
In "The Shifts and the Shocks" by Martin Wolf, what are some strengths and weaknesses of...
In "The Shifts and the Shocks" by Martin Wolf, what are some strengths and weaknesses of this book? Why are they considered strengths and weaknesses?
How does Climate Change Impact our Economy?Do you think climate change will have an impact on...
How does Climate Change Impact our Economy?Do you think climate change will have an impact on economic decisions? If yes, how? On what type of industries? (2-3 paragraphs)
True/False Adverse supply shocks such as late frost in orange groves, shifts the SRAS curve to...
True/False Adverse supply shocks such as late frost in orange groves, shifts the SRAS curve to the right. Those people who are serving in the military are considered employed in the civilian labor market. Total market value is the current price value of goods and services at the base year prices The Wealth Effect refers to the impact of interest rates on the value of a person’s monetary assets. The trading of stocks and bonds is not included in the...
What does insurance do to a CEF? Group of answer choices nothing shifts it to the...
What does insurance do to a CEF? Group of answer choices nothing shifts it to the right shifts it down shifts it to the left all of the choices are possible
PDCA template and how to do it for financial. have to make a template of our...
PDCA template and how to do it for financial. have to make a template of our own thing. i was gonna do financial.
how do we know that the "unconscious" exists and how does it impact our personality? Feel...
how do we know that the "unconscious" exists and how does it impact our personality? Feel free to use arguments, theories, or hypothesizes from both Freud and Carl Gustav Jung as well as any examples you can come up with. Note ; If you believe the unconscious does not exist, explain why and refute the theories of Freud and Carl Gustav Jung (Carl jung was a Swiss psychiatrist )
how do you see George encouraging assimilation ? how does assimilation change throughout the book in...
how do you see George encouraging assimilation ? how does assimilation change throughout the book in the raisin in the sun?
Do maintenance management principles have any relevance in the service industry?
Do maintenance management principles have any relevance in the service industry?
Describe the two aspects of a business cycle. What are the economic shocks and how do...
Describe the two aspects of a business cycle. What are the economic shocks and how do they affect the economy? Describe the three different views of economists about the types of economic shocks that are accountable for business cycle
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT