False Economy : A Surprising Economic History of the World
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?In 2001 Argentina's government bankrupted itself, yet for the past two hundred years it had enjoyed a vista of economic opportunity almost identical to that of the USA. Why did the USA succeed while Argentina stalled? Botswana and Sierra Leone are both blessed with abundant diamonds. Why did Botswana became the world's fastest-growing economy while Sierra Leone suffered a decade of brutal civil war?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. 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.
- Hardback | 336 pages
- 158 x 236 x 32mm | 680.39g
- 04 Jun 2009
- Penguin Books Ltd
- London, United Kingdom
About Alan Beattie
After graduating with a degree in history from Balliol College, Oxford, Alan Beattie took a master's degree in economics at Cambridge. He worked as an economist at the Bank of England until 1998 when he joined the Financial Times. He is currently the world trade editor of the Financial Times.