Fault Lines: How Hidden Fractures Still Threaten the World Economy by Raghuram Rajan

Description

“Fault Lines: How Hidden Fractures Still Threaten the World Economy” is a book written by Raghuram Rajan, a renowned economist and former Governor of the Reserve Bank of India. In this book, Rajan explores the underlying causes of the global financial crisis of 2008 and argues that there are still significant vulnerabilities within the global economy that have the potential to cause future crises. He identifies various “fault lines,” such as income inequality, political polarization, and regulatory failures, which he believes continue to pose serious risks to economic stability. Rajan’s analysis delves into both the economic and social dimensions of these issues, offering insights into how they interact and exacerbate one another. The book serves as a cautionary tale and a call to action for policymakers, economists, and citizens to address these underlying fractures in order to build a more resilient and inclusive global economy.