Pollard Memorial Library (Lowell)

The age of oversupply, overcoming the greatest challenge to the global economy, Daniel Alpert

eng

Includes bibliographical references (pages 261-270) and index

illustrations

index present

non fiction

The age of oversupply

bibliography

855362488

Daniel Alpert

overcoming the greatest challenge to the global economy

"Daniel Alpert, a progressive Wall Street banker and economist, argues that we are living in the age of oversupply. A global labor glut, a flood of excess productive capacity, and the persistent availability of cheap money have kept the developed world in a perpetual slump--which is unlikely to right itself without new policy solutions. For decades, economists and political leaders failed to see the signs of what became a cataclysmic shift in the global economy. Distracted by a technology boom and massive debt bubble, advanced nations failed to assess the full impact of the flood of labor and capital unleashed by the end of socialist economies until the most recent financial crisis exposed it. As the BRICs (Brazil, Russia, India, and China) and others continue to poach jobs from Western Europe, Japan, and the United States, prosperity in the developed world remains under threat"--, Provided by publisher