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Shutdown : how COVID shook the world's economy / Adam Tooze.

By: Publication details: [New York, New York] : Viking, [2021]; ©2021.Description: xiv, 354 pages : illustrations ; 24 cmISBN:
  • 0593297555
  • 9780593297551
Other title:
  • How COVID shook the world's economy
Subject(s): Additional physical formats: Online version:: ShutdownDDC classification:
  • 330.9/052 23
LOC classification:
  • HB3722 .T669 2021
Contents:
Part I: Disease X. Organized irresponsibility -- Wuhan, not Chernobyl -- February: wasting time -- March: global lockdown -- Part II: A global crisis like no other. Free fall -- "Whatever it takes," again -- Economy on life support -- The toolkit -- Part III: A hot summer -- NextGen EU -- China: momentum -- America's national crisis -- Part IV: Interregnum. Vaccine race -- Debt relief -- Advanced economics: taps on -- Conclusion.
Summary: "The shocks of 2020 have been great and small, disrupting the world economy, international relations and the daily lives of virtually everyone on the planet. Never before has the entire world economy contracted by 20 percent in a matter of weeks nor in the historic record of modern capitalism has there been a moment in which 95 percent of the world's economies were suffering all at the same time. Across the world hundreds of millions have lost their jobs. And over it all looms the specter of pandemic, and death. Adam Tooze...brings his bravura analytical and narrative skills to a panoramic and synthetic overview of our current crisis. By focusing on finance and business, he sets the pandemic story in a frame that casts a sobering new light on how unprepared the world was to fight the crisis, and how deep the ruptures in our way of living and doing business are. The virus has attacked the economy with as much ferocity as it has our health, and there is no vaccine arriving to address that." --publisher's wesbite.

Includes bibliographical references (pages 307-344) and index.

Part I: Disease X. Organized irresponsibility -- Wuhan, not Chernobyl -- February: wasting time -- March: global lockdown -- Part II: A global crisis like no other. Free fall -- "Whatever it takes," again -- Economy on life support -- The toolkit -- Part III: A hot summer -- NextGen EU -- China: momentum -- America's national crisis -- Part IV: Interregnum. Vaccine race -- Debt relief -- Advanced economics: taps on -- Conclusion.

"The shocks of 2020 have been great and small, disrupting the world economy, international relations and the daily lives of virtually everyone on the planet. Never before has the entire world economy contracted by 20 percent in a matter of weeks nor in the historic record of modern capitalism has there been a moment in which 95 percent of the world's economies were suffering all at the same time. Across the world hundreds of millions have lost their jobs. And over it all looms the specter of pandemic, and death. Adam Tooze...brings his bravura analytical and narrative skills to a panoramic and synthetic overview of our current crisis. By focusing on finance and business, he sets the pandemic story in a frame that casts a sobering new light on how unprepared the world was to fight the crisis, and how deep the ruptures in our way of living and doing business are. The virus has attacked the economy with as much ferocity as it has our health, and there is no vaccine arriving to address that." --publisher's wesbite.

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