In False Economy, Alan Beattie uses extraordinary stories of economic triumph and disaster to explain how some countries went wrong while others went right, and why it’s so difficult to change course once you’re on the path to ruin. The path to prosperity is rarely obvious and the sources of success are often unexpected. Time and again, world leaders have failed to learn the lessons of economic history, and their mistakes continue to have surprising and catastrophic consequences. Why did the USA succeed while Argentina stalled? Why did Botswana became the world’s fastest-growing economy while Sierra Leone suffered a decade of brutal civil war?įor the past two hundred years Argentina had enjoyed a vista of economic opportunity almost identical to that of the USA but in 2001 Argentina’s government bankrupted itself. As of now, 2009, he is trade editor for the Financial Times. Alan Beattie has a BA degree in history from Balliol Colege, Oxford, and a masters in Eeconomics from Cambridge. Why do oil and diamonds lead to economic disaster more often than boom? Why doesn’t Africa grow cocaine? Why might believing in God be good for your balance-sheet?īotswana and Sierra Leone are both blessed with abundant diamonds. False Economy: A Surprising Economic History of the World, by Alan Beattie. ‘A thorough examination of economies from the age of empire to the age of the IMF’ The Washington Post Why do some countries succeed while others fail? What causes boom or bust? The World Trade Editor of the FT explains how the world really works.
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