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Title: The Chastening: Inside the Crisis that Rocked the Global Financial System and Humbled the IMF by Paul Blustein ISBN: 1891620819 Publisher: PublicAffairs Pub. Date: 09 October, 2001 Format: Hardcover Volumes: 1 List Price(USD): $30.00 |
Average Customer Rating: 4.4
Rating: 5
Summary: Economics Doesn't Get More Exciting Than This
Comment: This is a highly readable account about a serious economic crisis that most Americans missed. But Blustein makes you care--and makes you understand why the so-called Committee to Save the World (Greenspan, Rubin and Summers) made some poor choices and only through sheer luck managed to escape with their reputations enhanced. Blustein's description of the International Monetary Fund is eye-opening, and he will make you think twice the next time you read a story buried in the business section about another IMF loan to a struggling country. Blustein knows his stuff and has done his homework. This is a rare book that teaches you something new--and makes you think.
Rating: 5
Summary: Good read on a tragic epoch
Comment: I read this book after reading Dr. Stiglitz criticism on the IMF. Actually, Stiglitz quotes him. Contrary to Stiglitz', Mr. Blustein's book reads fast, makes some of the same criticism Stiglitz does but one does not feel he has an ax to grind. If you want to read a good book on the Asian financial crisis and Russia's default on its own ruble debt, this is the book for you. Very informative and entertaining.
Rating: 5
Summary: An excellent book
Comment: As an economics professor, I'm always skeptical of books about economics written by journalists. Economics can be quite complicated, and far too often journalists without serious (graduate-level) training in economics show a remarkable lack of understanding of even basic economic issues. They pose as "experts" but they don't really know what they're talking about...
So I was very pleasantly surprised when I picked up this book. Blustein does a really impressive job of examining in detail the crisis of 1997-1998 and the role of the IMF. The economics is impeccable and he explains it clearly. And he's tremendously effective at bringing to life the "drama" of the crisis and the very difficult decisions that policy-makers face during a crisis like this one.
I also appreciated the fact that, while being quite critical of the IMF, Blustein is also balanced in his assessment, and careful about avoiding gratuitous "IMF bashing" and about making it clear that there are a lot of very smart people at the IMF who work very hard to do their job well.
This is a great book for anybody who wants to gain a greater understanding of the international financial system and of the role of the IMF. Lively, accurate, never boring, it's one of the best non-technical books about an economic event that I've ever read.
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Title: Globalization and Its Discontents by Joseph E. Stiglitz ISBN: 0393051242 Publisher: W.W. Norton & Company Pub. Date: June, 2002 List Price(USD): $24.95 |
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Title: What Went Wrong: Western Impact and Middle Eastern Response by Bernard Lewis ISBN: 0195144201 Publisher: Oxford University Press Pub. Date: December, 2001 List Price(USD): $23.00 |
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Title: Fed: The Inside Story of How the World's Most Powerful Financial Institution Drives the Markets by Martin Mayer ISBN: 068484740X Publisher: Free Press Pub. Date: June, 2001 List Price(USD): $27.50 |
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Title: Institutional Reform and Democratic Consolidation in Korea by Larry Diamond, Doh C. Shin, To-Chol Sin ISBN: 0817996923 Publisher: Hoover Institution Press Pub. Date: 03 December, 1999 List Price(USD): $19.95 |
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Title: The CLASH OF CIVILIZATIONS AND THE REMAKING OF WORLD ORDER by Samuel P. Huntington ISBN: 0684844419 Publisher: Touchstone Books Pub. Date: February, 1998 List Price(USD): $15.00 |
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