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The System Worked: How the World Stopped Another Great Depression by Daniel W. Drezner (Paperback, 2016)

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International institutions, from the International Monetary Fund to the International Olympic Committee, are perceived as bastions of sclerotic mediocrity at best and outright corruption at worst, and this perception is generally not far off the mark. In the wake of the 2008 financial crash, Daniel W. Drezner, like so many others, looked at the smoking ruins of the global economy and wondered why global economic governance structure had failed so spectacularly, and what could be done to reform them in the future. But then a funny thing happened. As he surveyed their actions in the wake of the crash, he realized that the evidence pointed to the exact opposite conclusion: global economic governance had succeeded.In The System Worked, Drezner, a renowned political scientist and international relations expert, contends that despite the massive scale and reverberations of this latest crisis (larger, arguably, than those that precipitated the Great Depression), the global economy has bounced back remarkably well. Examining the major resuscitation efforts by the G-20 IMF, WTO, and other institutions, he shows that, thanks to the efforts of central bankers and other policymakers, the international response was sufficiently coordinated to prevent the crisis from becoming a full-fledged depression. Yet the narrative about the failure of multilateral economic institutions persists, both because the Great Recession affected powerful nations whose governments managed their own economies poorly, and because the most influential policy analysts who write the books and articles on the crisis hail from those nations. Nevertheless, Drezner argues, while it's true that the global economy is still fragile, these institutions survived the stress test of the financial crisis, and may have even become more resilient and valuable in the process.Bucking the conventional wisdom about the new G-Zero World, Drezner rehabilitates the image of the much-maligned international institutions and demolishes some of the most dangerous myths about the financial crisis. The System Worked is a vital contribution to our understanding of an area where the stakes could not be higher.

Product Identifiers

Publisher
Oxford University Press
ISBN-13
9780190263393
eBay Product ID (ePID)
220959201

Product Key Features

Subject Area
Political Sociology
Author
Daniel W. Drezner
Publication Name
The System Worked: How the World Stopped Another Great Depression
Format
Paperback
Language
English
Subject
Economics
Publication Year
2016
Type
Textbook
Number of Pages
288 Pages

Dimensions

Item Height
234mm
Item Width
166mm
Item Weight
376g

Additional Product Features

Title_Author
Daniel W. Drezner
Country/Region of Manufacture
United States

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The System Worked: How the World Stopped Another Great Depression by Daniel W. Drezner (Paperback, 2016)

All listings for this product

item 1 The System Worked: How the World Stopped Another Great Depress .

item 2 The System Worked: How the World Stopped Another Great Depres .9

item 3 The System Worked: How the World Stopped Another Great Depressi .9780190263393

item 4 System Worked How the World Stopped Another Great Depression 9780190263393

About this product

Product Information

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

Best-selling in Adult Learning & University

Secrets Of Mental Math: The Mathemagician's Guide to Lightening Calculation and Amazing Maths Tricks by Arthur Benjamin, Michael Shermer (Paperback, 2006)

Never Split the Difference: Negotiating as if Your Life Depended on It by Chris Voss, Tahl Raz (Paperback, 2017)

Die with Zero: Getting All You Can from Your Money and Your Life by Bill Perkins (Paperback, 2021)

Adult Children of Emotionally Immature Parents: How to Heal from Distant, Rejecting, or Self-Involved Parents by Lindsay C Gibson (Paperback, 2015)

Code of Practice for In-service Inspection and Testing of Electrical Equipment by The Institution of Engineering and Technology (Paperback, 2020)

Clean & Green: 101 Hints and Tips for a More Eco-Friendly Home by Nancy Birtwhistle (Hardcover, 2021)

11+: Bond 11+ Assessment Papers Book 2 9-10 years bundle by Various (Paperback, 2021)

Save on Adult Learning & University

This Is Why You Dream: What your sleeping brain reveals about your waking life b

Zero to One: Notes on Start Ups, or How to Build the Future by Thiel, Peter The

Why We Get Sick (Paperback) by Bikman & Benjamin

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