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The Resource Credit code red : how financial deregulation and world instability are exposing Australia to economic catastrophe, Peter Brain & Ian Manning

Credit code red : how financial deregulation and world instability are exposing Australia to economic catastrophe, Peter Brain & Ian Manning

Label
Credit code red : how financial deregulation and world instability are exposing Australia to economic catastrophe
Title
Credit code red
Title remainder
how financial deregulation and world instability are exposing Australia to economic catastrophe
Statement of responsibility
Peter Brain & Ian Manning
Creator
Contributor
Author
Subject
Language
eng
Summary
'Australia has been the lucky country for a long time. First, it rode off the sheep's back. Then it became a quarry for emerging economies. It deregulated its financial sector, abandoned manufacturing, has ridden an apparently endless urban-land boom, and has gone over 25 years without a recession. But is Australia's luck about to run out? Brain and Manning, two of the country's highly experienced economic analysts, argue that Australia's prosperity has been bought by borrowing from its future - or, more specifically, by borrowing too much, for the wrong assets, and from the wrong lenders. Using international and local indicators to measure economic danger signs, they warn that, if current policies are not altered, the country will be at extreme risk of an economic calamity within several years. Due to Australia's high and increasing levels of household debt, foreign debt, and low foreign-exchange reserves, the country will enter what they call a Code Red zone. Once that happens, it is highly unlikely that Australia will be able to avoid, at best, a severe and prolonged recession, or, at worst, an economic catastrophe. To avert this future, the authors propose alternative courses of action for the authorities to take, which involve reducing disposable incomes and imports, re-regulating the financial sector, and abandoning neo-liberal economic theory. They warn that what is politically unrealistic today may become too little, too late, by the early 2020s. 'A terrific book that provides the big-picture economic alternative we have been searching for.' Brian Howe, Former Deputy Prime Minister
Cataloging source
ANL
http://library.link/vocab/creatorName
Brain, Peter J
Dewey number
330.994
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1941-
http://library.link/vocab/relatedWorkOrContributorName
Manning, Ian
http://library.link/vocab/subjectName
  • Deregulation
  • International finance
  • Debt
  • Economic forecasting
  • Deregulation
  • Australia
Label
Credit code red : how financial deregulation and world instability are exposing Australia to economic catastrophe, Peter Brain & Ian Manning
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages201-204) and index
Carrier category
volume
Carrier MARC source
rdacarrier
Content category
text
Content type MARC source
rdacontent
Control code
000060578805
Dimensions
24 cm.
Extent
viii, 213 pages
Isbn
9781925322392
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)984980069
Label
Credit code red : how financial deregulation and world instability are exposing Australia to economic catastrophe, Peter Brain & Ian Manning
Publication
Copyright
Bibliography note
Includes bibliographical references (pages201-204) and index
Carrier category
volume
Carrier MARC source
rdacarrier
Content category
text
Content type MARC source
rdacontent
Control code
000060578805
Dimensions
24 cm.
Extent
viii, 213 pages
Isbn
9781925322392
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)984980069

Library Locations

    • Lionel Bowen Library and Community CentreBorrow it
      669-673 Anzac Parade, Marouba, NSW, 2035, AU
      -33.938111 151.237977
    • Margaret Martin LibraryBorrow it
      Level 1, Royal Randwick Shopping Centre , Randwick, NSW, 2031, AU
      -33.9151421 151.2408898
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