Description

Book Synopsis

*NEW YORK TIMES BESTSELLER*

Why do some countries succeed while others fail? What causes boom or bust? The World Trade Editor of the FT explains how the world really works.

''A thorough examination of economies from the age of empire to the age of the IMF'' The Washington Post

Why do oil and diamonds lead to economic disaster more often than boom? Why doesn''t Africa grow cocaine? Why might believing in God be good for your balance-sheet?

Botswana and Sierra Leone are both blessed with abundant diamonds. Why did Botswana became the world''s fastest-growing economy while Sierra Leone suffered a decade of brutal civil war?

For the past two hundred years Argentina had enjoyed a vista of economic opportunity almost identical to that of the USA but in 2001 Argentina''s government bankrupted itself. Why did the USA succeed while Argentina stalled?

Time and again, world leaders have failed to

False Economy

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    A Paperback / softback by Alan Beattie

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      Publisher: Penguin Books Ltd
      Publication Date: 24/06/2010
      ISBN13: 9780141033709, 978-0141033709
      ISBN10: 0141033703
      Also in:
      Business, Finance & Law Economic history International economics

      Description

      Book Synopsis

      *NEW YORK TIMES BESTSELLER*

      Why do some countries succeed while others fail? What causes boom or bust? The World Trade Editor of the FT explains how the world       really works.

      ''A thorough examination of economies from the age of empire to the age of the IMF'' The Washington Post

      Why do oil and diamonds lead to economic disaster more often than boom? Why doesn''t Africa grow cocaine? Why might believing in God be good for your balance-sheet?

      Botswana and Sierra Leone are both blessed with abundant diamonds. Why did Botswana became the world''s fastest-growing economy while Sierra Leone suffered a decade of brutal civil war?

      For the past two hundred years Argentina had enjoyed a vista of economic opportunity almost identical to that of the USA but in 2001 Argentina''s government bankrupted itself. Why did the USA succeed while Argentina stalled?

      Time and again, world leaders have failed to

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