Rajan on 'Fault Lines'

Raghuram Rajan's book ‘Fault Lines: How Hidden Fractures Still Threaten the World Economy’ has been awarded the Financial Times and Goldman Sachs Business Book of the Year 2010. He discussed the book in a Vox Talks interview recorded in July 2010, outlining the deep systemic problems in the world economy that threaten further financial crises – high US inequality, patched over by easy credit; excessive stimulus to sustain job creation in times of downturn; and the choices of Germany, Japan and China to focus on export-led growth rather than domestic consumption.