Global Financial Contagion

Global Financial Contagion

Author: Shalendra D. Sharma

Publisher: Cambridge University Press

Published: 2014

Total Pages: 405

ISBN-13: 1107027209

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This book is an authoritative account of the economic and political roots of the 2008 financial crisis. It examines why it was triggered in the United States, why it morphed into the Great Recession, and why the contagion spread with such ferocity around the globe. It also examines how and why economies - including the Eurozone, Russia, China, India, East Asia, and the Middle East - have been impacted and explores their response to the unprecedented challenges of the crisis and the effectiveness of their policy measures. Global Financial Contagion specifically looks at how the Obama administration's policy missteps have contributed to America's huge debt and slow recovery, why the Eurozone's response to its existential crisis has become a never-ending saga, and why the G-20's efforts to create a new international financial architecture may fall short. This book will long be regarded as the standard account of the crisis and its aftermath.


Retrenchment in the American Welfare State

Retrenchment in the American Welfare State

Author: Martin Schuldes

Publisher: LIT Verlag Münster

Published: 2011

Total Pages: 736

ISBN-13: 3643901534

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The consolidation of public finance has become the most prevalent topic in recent policy discourse in the US. However, the political debate about fiscal "belt-tightening" stretches back to the last decades of the past millennium, induced by deteriorating economic conditions which followed the first oil price shock in the early 1970s. Retrenchment in the American Welfare State investigates to what extent different welfare state programs in the US were affected by cutbacks during the Republican Reagan era, on the one hand, and during the Democratic Clinton era on the other, and to what extent these cutbacks reveal certain "patterns" of retrenchment, and how the measured discrepancies can best be explained. (Series: Studies in North American History, Politics and Society/ Studien zu Geschichte, Politik und Gesellschaft Nordamerikas - Vol. 30)


Catastrophic Possibilities Threatening U.S. Security

Catastrophic Possibilities Threatening U.S. Security

Author: Kristen Boon

Publisher:

Published: 2011

Total Pages: 500

ISBN-13: 0199758271

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Terrorism: Commentary on Security Documents is a hardbound series that provides primary-source documents and expert commentary on the worldwide counter-terrorism effort. Among the documents collected are transcripts of Congressional testimony, reports by such federal government bodies as the Congressional Research Service (CRS) and the Government Accountability Office (GAO), and case law covering issues related to terrorism. Most volumes carry a single theme, and inside each volume the documents appear within topic-based categories. The series also includes a subject index and other indices that guide the user through this complex area of the law. Volume 119, Catastrophic Possibilities Threatening U.S. Security, discusses the nightmare scenario of a catastrophic attack on the United States. While the U.S. national security apparatus remains focused on the "wars" in Iraq and Afghanistan and appears to be postulating a future international security environment defined largely by threats increasingly posed by weak, failing, and failed states, astute strategists are not discounting the possibility of a catastrophic attack on the United States. In this volume, Douglas Lovelace presents a number of documents that help describe, explain, and assess the nature and severity of the threat of a catastrophic attack. Offering expert commentary for each section, Lovelace groups the documents into three categories: Catastrophic Potentialities in the International Security Environment, Countering the Proliferation of Nuclear Weapons and Nuclear Materials, and Catastrophic Cyber Attack. Documents include a Department of Defense overview of the four categories of strategic challenges, a Government Accountability Office report addressing weapons of mass destruction and the actions needed to allocate resources for counterproliferation programs, and an insightful overview of the threat of catastrophic cyber-attack by the Department of Homeland Security. The commentary and primary sources in Volume 119 will apprise researchers and practitioners of international law and national security of the perils of a catastrophic attack against the United States posed by terrorists, radicals, state failure, and humanitarian disasters.