The Storm: The World Economic Crisis and What It Means - Hardcover

Cable, Vince

Hardcover

ISBN 10: 1848870574 ISBN 13: 9781848870574

Publisher: Atlantic Books, 2009

Synopsis

In The Storm, Vincent Cable explains the causes of the world economic crisis and how we should respond to the challenges it brings. He shows that although the downturn is global, the complacency of the British government towards the huge 'bubble' in property prices and high levels of personal debt, combined with increasingly exotic and opaque trading within the financial markets, has left Britain badly exposed.

Yet we need to be vigilant in our response to the dangers confronting us. Times of crises inevitably bring forth false prophets who offer easy panaceas and identify scapegoats. However, Cable shows that an insular response to the current crisis would be a disaster and urges us to resist the siren voices that promote isolationism and nationalism as the answer to economic woes. He argues that policy makers must keep their faith in liberal markets if the remarkable advances in living standards, which are now being extended to the world's poorer countries, are to be maintained.

About this title

About the Author

Vincent Cable is Member of Parliament for Twickenham and has been the Liberal Democrats' chief economic spokesperson since 2003, having previously served as Chief Economist for Shell from 1995 to 1997. He was elected as Deputy Leader of the Liberal Democrats, to Sir Menzies Campbell, in March 2006 and was acting leader of the Liberal Democrats prior to the election of Nick Clegg.

Edition details

• Publisher: Atlantic Books
• Publication date: 2009
• Language: English
• ISBN 10: 1848870574
• ISBN 13: 9781848870574
• Binding: Hardcover
• Number of pages: 192