Call Boomerang Books 1300 36 33 32

Get Latest Book News + FREE Shipping. Subscribe to the Boomerang Books Bulletin eNewsletter right now!

Description - The System Worked by Daniel W. Drezner

International institutions, from the International Monetary Fund to the International Olympic Committee, are perceived as bastions of sclerotic mediocrity at best and outright corruption at worst, and this perception is generally not far off the mark. In the wake of the 2008 financial crash, Daniel W. Drezner, like so many others, looked at the smoking ruins of the global economy and wondered why global economic governance structure had failed so spectacularly, and what could be done to reform them in the future. But then a funny thing happened. As he surveyed their actions in the wake of the crash, he realized that the evidence pointed to the exact opposite conclusion: global economic governance had succeeded. In The System Worked, Drezner, a renowned political scientist and international relations expert, contends that despite the massive scale and reverberations of this latest crisis (larger, arguably, than those that precipitated the Great Depression), the global economy has bounced back remarkably well. Examining the major resuscitation efforts by the G-20 IMF, WTO, and other institutions, he shows that, thanks to the efforts of central bankers and other policymakers, the international response was sufficiently coordinated to prevent the crisis from becoming a full-fledged depression. Yet the narrative about the failure of multilateral economic institutions persists, both because the Great Recession affected powerful nations whose governments managed their own economies poorly, and because the most influential policy analysts who write the books and articles on the crisis hail from those nations. Nevertheless, Drezner argues, while it's true that the global economy is still fragile, these institutions survived the "stress test" of the financial crisis, and may have even become more resilient and valuable in the process. Bucking the conventional wisdom about the new "G-Zero World," Drezner rehabilitates the image of the much-maligned international institutions and demolishes some of the most dangerous myths about the financial crisis. The System Worked is a vital contribution to our understanding of an area where the stakes could not be higher.

Buy The System Worked by Daniel W. Drezner from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780190263393
ISBN-10: 0190263393
Format: Paperback
(234mm x 166mm x 18mm)
Pages: 288
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 1-Jan-2016
Country of Publication: United Kingdom

Other Editions - The System Worked by Daniel W. Drezner

Book Reviews - The System Worked by Daniel W. Drezner

» Have you read this book? We'd like to know what you think about it - write a review about System Worked book by Daniel W. Drezner and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review


Author Biography - Daniel W. Drezner

Daniel W. Drezner is professor of International Politics at the Fletcher School of Law and Diplomacy at Tufts University, a nonresident senior fellow at the Brookings Institution. He has previously held positions with Civic Education Project, the RAND Corporation, and the U.S. Department of the Treasury. He is the author of four previous books, most recently Theories of International Politics and Zombies.

Books By Daniel W. Drezner

Theories of International Politics and Zombies by Daniel W. Drezner
Paperback, October 2014
$29.69
System Worked by Daniel W. Drezner
Hardback, June 2014
$49.05
Avoiding Trivia by Daniel W. Drezner
Paperback, April 2009
$44.96
All Politics Is Global by Daniel W. Drezner
Paperback, August 2008
$47.69