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Sun Feb 12 15:22:16 SAST 2012

Aftershock

Ntsakisi Maswanganyi | 30 August, 2010 00:100 Comments

The global economic crisis of 2008 could have been avoided had America nationalised the country's big banks at the first signs that they were about to collapse.





Review by Ntsakisi Maswanganyi



In his book Aftershock, author Philippe Legrain explains why he thinks this is so.

The book goes back to basics to explain in detail the context in which the crisis occurred.

Laymen and women also recount stories of how they were affected when the recession started.

Legrain goes on to make a few suggestions about what countries should do to solve some the problems they face in their economies.

Interesting as well is the mention of the BEEs (big emerging economies) in the book, which Legrain says will lead global economic activity going forward. The BEEs he refers to are China, India and Brazil.



Win a copy of Aftershock by Philippe Legrain with BusinessLive and Exclusive Books. To enter, just tell us:



Which countries are expected to lead the global economic activity going forward?



SMS the answer and your name to 33756.



Competition closes at 10am on September 1, 2010. Text messages are charged at R1.50 per entry. Free messages do not apply. Readers can enter as many times as they like.



Last week's winner of the book Fool's Gold by Gillian Tett is: Neil van Zyl from Port Elizabeth



Exclus1ves.co.za

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