Aftermath: A New Global Economic Order?(Possible Futures)

The global financial crisis showed deep problems with mainstream economic predictions. At the same time, it showed the vulnerability of the worlds richest countries and the enormous potential of some poorer ones. China, India, Brazil and other countries are growing faster than Europe or America and they have weathered the crisis better. Will they be new world leaders? And is their growth due to following conventional economic guidelines or instead to strong state leadership and sometimes protectionism? These issues are basic not only to the question of which countries will grow in coming decades but to likely conflicts over global trade policy, currency standards, and economic cooperation. The Possible Futures Series gathers together the great minds of social science to address the significance of the global economic crisis in a series of short, accessible books. Each volume takes on the past, present and future of this crisis, suggesting that the crisis has an informative history, that the consequences could be much more basic than stock declines, and that only fundamental changes not fiscal band aids can hold off future repetitions.

Table of Contents:
Introduction Craig Calhoun and Georgi Derluguian1 A Savage Sorting of Winners and Losers, and Beyond Saskia Sassen2 The 2008 World Financial Crisis and the Future of World Development Ha-Joon Chang3 Growth after the Crisis Dani Rodrik4 Structural Causes and Consequences of the 2008-2009 Financial Crisis Jomo Kwame Sundaram and Felice Noelle Rodriguez5 Bridging the Gap: A New World Economic Order for Development? Manuel Montes and Vladimir Popov6 Chinese Political Economy and the International Economy: Linking Global, Regional, and Domestic Possibilities R. Bin Wong7 The Global Financial Crisis and Africa's "Immiserizing Wealth" Alexis Habiyaremye and Luc Soete8 Central and Eastern Europe: Shapes of Transformation, Crisis, and the Possible Futures Piotr Dutkiewicz and Grzegorz Gorzelak9 The Post-Soviet Recoil to Periphery Georgi Derluguian10 The Great Crisis and the Financial Sector: What We Might Have Learned James K. Galbraith Notes About the Contributors Index

About the Author :
Craig Calhoun is Director of the London School of Economics and Global Distinguished Professor of Sociology at New York University. His most recent book is The Roots of Radicalism: Tradition, the Public Sphere, and Early Nineteenth-Century Social Movements. Georgi Derluguian is Associate Professor of International Studies and Sociology at Northwestern University and is the author of Bourdieu's Secret Admirer in the Caucasus: A World-System Biography.

Review :
"Who won and who lost in the global economic crisis that has dominated the news in the last two years? Aftermath provides surprising and much-needed critical analyses of this question. Supposedly robust, rich democracies have floundered badly, while the growth rates of many developing nations from Brazil to Turkey have been impressive. Distinguished economists, sociologists, and political scientists take to this crucial task with insight based on new empirical investigations that should be read by anyone who wants to understand where we are headed in the future. -Katherine S. Newman, author of The Accordion Family: Globalization Reshapes the Private World "Remarkable in its geographic reach and analytical reach, this book offers timely food for thought to social scientists and policy makers interested in explaining the relative success and decline of societies in the age of neoliberalism.-Michele Lamont, author of How Professors Think: Inside the Curious World of Academic Judgment "Few issues facing todays world are as important as understanding the new global economic crisesin their unity and plurality. This penetrating collection of essays on the global economic crises of our times throws light into a dark tunnel and enables us to understand better the world we live in and how it needs to be transformed.-Seyla Benhabib, Another Cosmopolitanism