Fault Lines by Raghuram G. Rajan
How Hidden Fractures Still Threaten the World Economy
A trenchant analysis of the structural weaknesses that produced the global financial crisis, arguing that deep imbalances—stagnant wages and rising household debt in advanced economies, large capital flows from surplus emerging markets, a deregulated and incentive‑skewed financial sector, and weak social safety nets—created interconnected “fault lines” that allowed shocks to cascade; the book explains how misguided policy choices and short‑termist behavior amplified risks and recommends a mix of financial regulation, macroeconomic rebalancing, stronger social protections, and better global coordination to reduce vulnerability and restore sustainable growth.
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- Published
- 2010
- Nationality
- Indian
- Length
- Unknown
- Pages
- Unknown
- Original Language
- English
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