Description
Book SynopsisIn this title, a well-known academic economist and former finance minister gives a lucid and well balanced overview of the current financial turbulences that have hit the developed economies. Strongly criticizing the excesses of neoliberal capitalism, Daianu calls for implementing necessary regulatory reforms in the financial sector and for restoration of a proper balance between the functions of the state and the market. Daianu goes back to some of the roots of the current crisis and the flaws or weaknesses of the global financial system. In doing so, he extensively discusses the monetary union of the Euro, and the critical question whether, how and when additional countries can and should join the club. This is a timely volume with a very strong and important warning.
Table of ContentsForeword; Acknowledgements; Introduction: Return to Common Sense is Needed; Chapter 1. Institutional and Policy Diversity as an Engine of Economic Development; Chapter 2. Ethical Lapses of Capitalism: How Serious They Are; Chapter 3. Why is this Financial Crisis Occurring-How to Respond to It?; Chapter 4. What This Financial Crisis Tells Us; Chapter 5. A Strained European Model-Is Eastern Enlargement to Blame?; Chapter 6. The Monetary Union: The Decade Ahead. The Case of Non-Member States; Chapter 7. The EU Budget Review: Managing Diversity for a Growing EU; Chapter 8. A Clash of Capitalism; Chapter 9. Epilogue: Keynes Is Back; Appendices; Index
