{"title":"Raghuram G. Rajan","description":"\u003cp\u003eRaghuram G. Rajan offers incisive explorations of global economics, finance, and development. His works delve into the complexities of economic systems, addressing contemporary challenges with clarity and depth.\u003c\/p\u003e\n\n\u003cp\u003eReaders can expect thoughtful analyses that blend rigorous research with accessible prose, making these titles invaluable for anyone interested in understanding the forces shaping the modern economic landscape.\u003c\/p\u003e","products":[{"product_id":"breaking-the-mold-by-raghuram-g-rajan-9780691263632","title":"Breaking the Mold","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cstrong\u003eThe new path for economic development that India must create.\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cp\u003eThe whole world has a stake in India's future, and that future hinges on whether India can develop its economy and deliver for its population—now the world's largest—while staying democratic. India's economy has overtaken the United Kingdom's to become the fifth-largest in the world, but it is still only one-fifth the size of China's, and India's economic growth is too slow to provide jobs for millions of its ambitious youth. Blocking India's current path are intense global competition in low-skilled manufacturing, increasing protectionism and automation, and the country's majoritarian streak in politics. In \u003cem\u003eBreaking the Mold\u003c\/em\u003e, Raghuram Rajan and Rohit Lamba show why and how India needs to blaze a new path if it's to succeed.\u003c\/p\u003e\n\n\u003cp\u003eIndia diverged long ago from the standard development model, the one followed by China—from agriculture to low-skilled manufacturing, then high-skilled manufacturing and, finally, services—by leapfrogging intermediate steps. India must not turn back now. Rajan and Lamba explain how India can accelerate growth by prioritising human capital, expanding opportunities in high-skilled services, encouraging entrepreneurship, and strengthening rather than weakening its democratic traditions. It can chart a path based on ideas and creativity even at its early stage of development.\u003c\/p\u003e\n\n\u003cp\u003eFilled with vivid examples and written with incisive candour, \u003cem\u003eBreaking the Mold\u003c\/em\u003e shows how India can break free of the stumbling blocks of the past and embrace the enormous possibilities of the future.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003e'There are no better guides to how [India] might best leverage its potential—and manage the obstacles... [Rajan and Lamba] expertly devise a new growth model for India, offering detailed recommendations for reforming the country's industrial strategy, healthcare, education and democracy... This is a novel, well-argued and solidly evidenced pitch for India's future... A must-read for anyone keen to understand a nation that will play a big part in all our economic futures.'—Tej Parikh, \u003c\/strong\u003e\u003cem\u003eFinancial Times\u003c\/em\u003e\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003e'[Rajan and Lamba] sketch out a vision that amounts to an entirely new model of development for India—one that they argue is better suited to its strengths than its current model.'—\u003c\/strong\u003e\u003cem\u003eThe Economist\u003c\/em\u003e\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003e'A forthright accounting of the nation's many faults and enormous unused potential i.e., human capital... A sobering economic study packed with useful ideas.'—\u003c\/strong\u003e\u003cem\u003eKirkus Reviews\u003c\/em\u003e\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Hachette Aotearoa New Zealand","offers":[{"title":"Default Title","offer_id":47383590207724,"sku":"9780691263632","price":69.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/2623463482434.jpg?v=1773376777"},{"product_id":"fault-lines-by-raghuram-g-rajan-9780691152639","title":"Fault Lines","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eRaghuram Rajan was one of the few economists who warned of the global financial crisis before it hit. Now, as the world struggles to recover, it's tempting to blame what happened on just a few greedy bankers who took irrational risks and left the rest of us to foot the bill.\u003c\/p\u003e\n\n\u003cp\u003eIn \u003cem\u003eFault Lines\u003c\/em\u003e, Rajan argues that serious flaws in the economy are also to blame, and warns that a potentially more devastating crisis awaits us if they aren't fixed. Rajan shows how the individual choices that collectively brought about the economic meltdown—made by bankers, government officials, and ordinary homeowners—were rational responses to a flawed global financial order where the incentives to take on risk are incredibly out of step with the dangers those risks pose.\u003c\/p\u003e\n\n\u003cp\u003eHe traces the deepening fault lines in a world overly dependent on the indebted American consumer to power global economic growth and stave off global downturns. He exposes a system where America's growing inequality and thin social safety net create tremendous political pressure to encourage easy credit and maintain robust job creation, no matter the consequences to the economy's long-term health. The U.S. financial sector, with its skewed incentives, serves as the critical but unstable link between an overstimulated America and an underconsuming world.\u003c\/p\u003e\n\n\u003cp\u003eIn \u003cem\u003eFault Lines\u003c\/em\u003e, Rajan demonstrates how unequal access to education and health care in the United States puts everyone at greater financial risk, even as the economic choices of countries like Germany, Japan, and China place undue pressure on America to implement the right policies. He outlines the hard choices we need to make to ensure a more stable world economy and restore lasting prosperity.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Hachette Aotearoa New Zealand","offers":[{"title":"Default Title","offer_id":47596390449388,"sku":"9780691152639","price":49.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9780691152639-fault-lines.jpg?v=1777923530"}],"url":"https:\/\/bookhero.co.nz\/collections\/raghuram-g-rajan.oembed","provider":"Book Hero","version":"1.0","type":"link"}