Global Financial Contagion

This book is an authoritative account of the economic and political roots of the 2008 financial crisis. It examines why it was triggered in the United States, why it morphed into the Great Recession, and why the contagion spread with such ferocity around the globe. The book specifically looks at how the Obama administration's policy missteps have contributed to America's huge debt and slow recovery, why the Eurozone's response to its existential crisis has become a never-ending saga, and why the G-20's efforts to create a new international financial architecture may fall short. This book will long be regarded as the standard account of the crisis and its aftermath.


Shalendra D. Sharma, University of San Francisco

Shalendra D. Sharma is a Professor of Politics at the University of San Francisco. He is the author of several books, including China and India in the Age of Globalization, (winner of the 2010 Alpha Sigma Nu Book Award); Achieving Economic Development in the Era of Globalization; The Asian Financial Crisis: Crisis, Reform and Recovery; and Democracy and Development in India.. Professor Sharma has published more than four dozen articles in leading peer-reviewed journals.

Abridged from Cambridge University Press

Judge's Praise:

"Sharma provided a comprehensive view (politically and economically) for the last recession.  The discussion included interesting insights and contributed to understanding future directions."