The Global Debt Crisis and Its Socioeconomic Implications

This fascinating and ambitious book proposes a new strategy ("the Ramo Plan") to tackle the current global socioeconomic crisis. Issuing a direct challenge to the status quo, the author lays out a bold set of policies to overcome the West-East divide and lead us to a more successful and secure future. Alongside the presentation of a new economic approach, this book provides a thorough survey of the major forces behind the decline in economic growth rates. It examines the state of the major world economies, explores the impact of the global debt crisis, identifies the income and wealth gaps in the United States and other countries, and explains the relationship between these issues and the spread of alienation, radicalism and terrorism. Imaginative and refreshing, this is valuable and original reading for students and academics interested in international political economy, economic development, sustainable development, and social economics, as well as global policy, area studies, globalization studies, and international relations.

Presents an original strategy to alleviate the global socioeconomic crisis Proposes a restructuring of the international monetary system Focuses on expanding world markets and revitalizing the global economy

Autorentext
Mohamed Rabie is an author and a professor of international political economy. He has studied, lived and taught in four continents, lecturing at more than 100 universities and research institutes worldwide. He has so far published 43 books, more than 60 papers, and over 1,000 newspaper articles. In addition, he has participated in over 120 conferences throughout the world. Professor Rabie's interests, writings and activities reflect a strong commitment to peace, freedom, justice, and human development, as well as to dialogue among different peoples and cultures.

Inhalt

1. Evolution of Civilizations.- 2. Global Change.- 3. The Global Debt Crisis.- 4. A View of the Global Scene.- 5. The US Political and Economic Scene.- 6. Capitalism and Democracy.- 7. Market Capitalism and Materialism.- 8. Inequality, Debt and Economic Growth.- 9. Globalization and the Debt Crisis.- 10. The American Debt Burden.- 11. The Spanish Austerity Plan.- 12. The Greek Debt Saga.- 13. A Peek at the Future.- 14. The Nature of the Transition.- 15. Concluding Remarks.