“The 2008 international debt crisis originated from lack of government economic policies in the housing markets.”
WOODBURY, Minn. (PRWEB) April 10, 2013
In his new book “Understanding Everyday Governments’ Ways of Job Creation: Ideas and Governments’ Sustainable Strategy to Facilitate Success in Job Creation” (published by iUniverse) author André Hakizimana offers readers an understanding of job creation in the today’s economic climate.
“In the current economic crisis, some policymakers argue that government spending can recover economy and create more jobs while others argue that only austerity can create jobs and make economic recovery,” Hakizimana says. “These arguments made me to carry out research from past economic policies of job creation during economic crisis, and the result was to write this book.”
An excerpt from “Understanding Everyday Governments’ Ways of Job Creation”:
“In Ireland, the main cause of the 2008 recession was a lack of regulation policy in the housing planning. The government increased investment in the houses without considering the length of its markets, which itself caused misallocation of capital. The government allowed developers to build more houses without considering potential buyers of houses. Consequently there was a decline in the housing sales. In other words, the lack of buyers of houses caused a decline in the housing sales, so in this context, the government not only overestimated the Irish housing markets, but it also overestimated investment in the housing markets.”
“Many people and some policymakers around the world think that the origins of the 2008 economic crisis and debt crisis resulted from careless of banks’ lending,” the author says. “The 2008 international debt crisis originated from lack of government economic policies in the housing markets.”
“Understanding Everyday Governments’ Ways of Job Creation”
By André Hakizimana
Softcover | 6 x 9 in | 136 pages | ISBN 9781475964042
E-Book | 136 pages | ISBN 9781475964059
Available at Amazon and Barnes & Noble
About the Author
André Hakizimana holds bachelor’s and master’s degrees in economics, sociology and political studies from universities as diverse as the University College Cork, Ireland, the National University of Galway, Ireland and Ennis Community College, Ireland. He holds a diploma in social studies from the International Foundation for Adult Education in the Netherlands.
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