2:00 Sunday 27 June
Colin Cleary
Regional Labor
Come and hear Colin talk about his new book, Bendigo Labor: the maintenance
of tradition in a regional city, in which he looks at the history and
fortunes of the Labor Party in central Victoria.
REMINDERS
2:00 Sunday 20 June
Hear Peter Brain talk about BEYOND MELTDOWN: THE GLOBAL BATTLE FOR
SUSTAINED GROWTH at the New International Bookshop
Peter's new book of this title presents a compelling argument for different
economic policies to be pursued in Australia. Peter is also author of The
Microeconomic Structure of the Australian Economy.
***** KEEP SCROLLING for a review of Peter Brain's book *********
New International Bookshop=20
Trades Hall, cnr Victoria and Lygon Sts, Carlton South
Mon-Fri 10-30 - 6.30, Sat-Sun 11 - 5
More than just a bookshop,
.. it's a cafe, a meeting place,
.... and a co-operative to boot!
**********
Here's a summary of Peter Brain's BEYOND MELTDOWN: THE GLOBAL BATTLE FOR
SUSTAINED GROWTH
Beyond Meltdown:
the global battle
for sustained growth
Peter Brain
'I have written this book in the hope that I
can help people understand why
economies fail, what has to be done to get
them to perform successfully, and how
these issues relate to what I regard as an
underlying global economic crisis.'=20
With these modest words, Dr Peter Brain
introduces an eye-opening, masterful
analysis that will change the way most
people think about economics. Dr Brain is
one of Australia's best-known and most
highly regarded economic advisers and
forecasters. In 1996, alone among his peers,
he warned of an imminent Asian financial
collapse. Now he explains why the Asian
meltdown occurred and what it signifies for
the world economy.
Dr Brain argues that the causes of the current
crisis can be traced to the failed attempts of
many countries in our region to overcome the
technological and market dominance of the
United States. The north Asian economies
adopted a 'corporatist state' model following
the examples of fascist regimes in the 1930s;
south Asian countries tried a 'crony
capitalist' model.
While the models worked for a number of
decades, their inherent flaws led to
over-borrowing, corruption, excess capacity,
and unsustainably high growth. Now their
collapse is exposing structural weaknesses
in many other economies from Russia to
Latin America, and in turn is threatening
Europe and the USA.
Dr Brain believes that the world is heading
for a period of low growth not seen since the
Great Depression of the 1930s. Soon the
battle for growth will be joined worldwide,
as country after country tries to establish
what the author enumerates as the necessary
conditions for growth in the face of
countervailing and constantly threatening
constraints to growth.
This is a major work of economic analysis
and exposition, full of original and
penetrating insights. It includes sombre
forecasts for the Australian and global
economies, and a compelling argument for
different economic policies to be pursued in
Australia. It is not to be missed by any
reader with a serious interest in economic
issues and current affairs.
First edition sold out three weeks after
publication.
Reprint now available.
'This acutely intelligent book is,
unfortunately, right on.'
Tim Colebatch, economics editor, The
Age
LL.VF
--
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