Summary and Info
The Global Meltdown that started in the United States in the final quarter of 2008 and soon spread to other parts of the world including India remains a puzzle to many. Everybody knows that it still continues with widespread unemployment among professionals and ordinary workers, fall in production in many sectors and confusion in the financial segment. But how and why did this crisis come about? What are its implications? How to protect the world against a repeat performance? In this short account, a distinguished economist deals with these issues in a manner that those who are not familiar with the technical language of economists and financiers will be able to follow.
More About the Author
C. T. Kurien (born c. 1932) is a professor of economics, now retired and resident in Bangalore, who has written many books on economics.