To the Brink and Back
India's 1991 Story
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To the Brink and Back
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Narrated by:
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Sanjiv Jhaveri
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By:
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Jairam Ramesh
About this listen
In 1991 India faced its 'Greece moment': an unprecedented financial crisis against the backdrop of political uncertainty and crumbling investor confidence. On 21 June 1991, P. V. Narasimha Rao became prime minister and appointed Dr Manmohan Singh as finance minister. In less than 35 days, the Rao-Singh duo ushered in momentous changes in economic policy - those that transformed the country.
To the Brink and Back is the first account of the weeks of fast-paced change, narrated by an insider - a key aide of the prime minister, uniquely positioned both to participate and observe. It includes brisk accounts of the early days of survival; the compulsions and convictions that propelled a paradigm shift in India's economic policy; and the ups and downs, twists and turns in the saga of fiscal reform.
Along with the author's astute insights, the book holds key documents and notes, placed for the first time in the public domain; the personal papers of Narasimha Rao; private conversations with Manmohan Singh; Parliament proceedings; and the minutes of seminal Congress meetings. Coming as it does on the eve of the silver jubilee of India's economic liberalization, To the Brink and Back will appeal not only to political history enthusiasts but also to those who wish to know how countries can be led from the brink to a radically new economic future.
©2015 Jairam Ramesh, the copyright for the cartoons by R.K. Laxman vests with RK IPR Management Limited. (P)2016 Audible, Inc.Listeners also enjoyed...
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-
Story4.5 out of 5 stars 47
Over the course of nearly half a century, five American presidents - three Democrats and two Republicans - have relied on the financial acumen, and the integrity, of Paul A. Volcker. During his tenure as chairman of the Federal Reserve Board, when he battled the Great Inflation of the 1970s, Volcker did nothing less than restore the reputation of an American financial system on the verge of collapse.
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5 out of 5 stars
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Required Reading for 2022 Economy
- By Marc Uknis on 11-19-22
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American Default
- The Untold Story of FDR, the Supreme Court, and the Battle over Gold
- By: Sebastian Edwards
- Narrated by: Timothy Andrés Pabon
- Length: 9 hrs and 1 min
- Unabridged
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Overall4 out of 5 stars 42
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Performance4.5 out of 5 stars 37
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Story4 out of 5 stars 37
The American economy is strong in large part because nobody believes that America would ever default on its debt. Yet in 1933, Franklin D. Roosevelt did just that, when in a bid to pull the country out of depression, he depreciated the US dollar in relation to gold, effectively annulling all debt contracts. American Default is the story of this forgotten chapter in America's history.
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5 out of 5 stars
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Superb
- By Jean on 12-08-18
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The Alchemists
- Three Central Bankers and a World on Fire
- By: Neil Irwin
- Narrated by: Walter Dixon
- Length: 14 hrs and 15 mins
- Unabridged
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Overall4 out of 5 stars 100
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Performance4.5 out of 5 stars 79
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Story4.5 out of 5 stars 81
Neil Irwin’s The Alchemists is a gripping account of the most intense exercise in economic crisis management we’ve ever seen, a poker game in which the stakes have run into the trillions of dollars. The book begins in, of all places, Stockholm, Sweden, in the 17th century, where central banking had its rocky birth, and then progresses through a brisk but dazzling tutorial on how the central banker came to exert such vast influence over our world, from its troubled beginnings to the age of Greenspan, bringing the listener into the present with a marvelous handle on how these figures and institutions became what they are.
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1 out of 5 stars
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Couldn't Listen to this narrator
- By Donald on 07-23-13
By: Neil Irwin
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My Story
- By: Julia Gillard
- Narrated by: Julia Gillard, Jennifer Vuletic
- Length: 18 hrs and 22 mins
- Unabridged
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Overall4.5 out of 5 stars 31
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Performance4.5 out of 5 stars 28
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Story4.5 out of 5 stars 27
"I was prime minister for three years and three days. Three years and three days of resilience. Three years and three days of changing the nation. Three years and three days for you to judge." On Wednesday 23 June 2010, with the government in turmoil, Julia Gillard asked Prime Minister Kevin Rudd for a leadership ballot. The next day, Julia Gillard became Australia's 27th prime minister, and our first female leader.
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4 out of 5 stars
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Don't Let The Sun Go Down On Me
- By Michael on 10-11-16
By: Julia Gillard
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America's Bank
- The Epic Struggle to Create the Federal Reserve
- By: Roger Lowenstein
- Narrated by: Robertson Dean
- Length: 9 hrs and 39 mins
- Unabridged
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Overall4.5 out of 5 stars 413
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Performance4.5 out of 5 stars 360
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Story4.5 out of 5 stars 356
A tour de force of historical reportage, America’s Bank illuminates the tumultuous era and remarkable personalities that spurred the unlikely birth of America’s modern central bank, the Federal Reserve. Today, the Fed is the bedrock of the financial landscape, yet the fight to create it was so protracted and divisive that it seems a small miracle that it was ever established. For nearly a century, America, alone among developed nations, refused to consider any central or organizing agency in its financial system.
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4 out of 5 stars
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Important and Intriguing
- By Jean on 11-02-15
By: Roger Lowenstein
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The Quiet Man
- The Indispensable Presidency of George H.W. Bush
- By: John H. Sununu
- Narrated by: Qarie Marshall
- Length: 12 hrs and 43 mins
- Unabridged
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Overall4 out of 5 stars 54
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Performance4.5 out of 5 stars 50
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Story4 out of 5 stars 48
In this unique insider account, John H. Sununu pays tribute to his former boss - an intelligent, thoughtful, modest leader - and his overlooked accomplishments. Though George H. W. Bush is remembered for orchestrating one of the largest and most successful military campaigns in history - the Gulf War - Sununu argues that conventional wisdom misses many of Bush's other great achievements.
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5 out of 5 stars
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Outstanding Biograpy
- By Warren Brookes on 07-25-15
By: John H. Sununu
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Collapse
- The Fall of the Soviet Union
- By: Vladislav M. Zubok
- Narrated by: David de Vries
- Length: 23 hrs and 50 mins
- Unabridged
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Overall4.5 out of 5 stars 423
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Performance5 out of 5 stars 364
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Story4.5 out of 5 stars 362
In 1945, the Soviet Union controlled half of Europe and was a founding member of the United Nations. By 1991, it had an army four million strong, 5,000 nuclear-tipped missiles, and was the second biggest producer of oil in the world. But soon afterward, the union sank into an economic crisis and was torn apart by nationalist separatism. Its collapse was one of the seismic shifts of the 20th century.
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4 out of 5 stars
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Hopefully Not Prescient
- By Joshua on 01-29-22
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Deng Xiaoping and the Transformation of China
- By: Ezra F. Vogel
- Narrated by: Eric Jason Martin
- Length: 33 hrs and 48 mins
- Unabridged
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Overall5 out of 5 stars 330
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Performance4.5 out of 5 stars 292
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Story5 out of 5 stars 292
Once described by Mao Zedong as a "needle inside a ball of cotton", Deng was the pragmatic yet disciplined driving force behind China's radical transformation in the late 20th century. He confronted the damage wrought by the Cultural Revolution, dissolved Mao's cult of personality, and loosened the policies that had stunted China's growth. Obsessed with modernization, Deng opened trade relations with the West, which lifted hundreds of millions out of poverty. Yet he also answered to his authoritarian roots, most notably when he ordered the crackdown in 1989 at Tiananmen Square.
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3 out of 5 stars
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Another butcher of the Chinese language
- By Jack Hanson on 09-19-21
By: Ezra F. Vogel
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The Summit
- Bretton Woods, 1944: J. M. Keynes and the Reshaping of the Global Economy
- By: Ed Conway
- Narrated by: Ralph Lister
- Length: 14 hrs and 8 mins
- Unabridged
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Overall4.5 out of 5 stars 87
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Performance4.5 out of 5 stars 75
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Story4.5 out of 5 stars 73
The meeting of world leaders at Bretton Woods in 1944 was the only time countries from around the world agreed to overhaul the structure of the international monetary system. The system they set up presided over the longest, strongest, and most stable period of growth the world economy has ever seen.
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5 out of 5 stars
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Big insights, crisp and clear
- By Philo on 09-14-16
By: Ed Conway
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The New Deal
- A Modern History
- By: Michael Hiltzik
- Narrated by: Traber Burns
- Length: 19 hrs and 35 mins
- Unabridged
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Overall4.5 out of 5 stars 56
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Performance4.5 out of 5 stars 50
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Story4.5 out of 5 stars 48
As America struggles with an economic debacle akin to the Great Depression, nothing could be timelier than an authoritative account of the New Deal, masterfully written by Michael Hiltzik, author of the acclaimed history of the Hoover Dam, Colossus.
In this richly peopled, vividly rendered narrative, Hiltzik describes how the urgent short-term relief measures of Franklin Roosevelt’s Hundred Days evolved into a transformative concept of the federal role in American life.
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5 out of 5 stars
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Another Excellent New Deal History
- By R.S. on 12-19-11
By: Michael Hiltzik
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Dealing with China
- An Insider Unmasks the New Economic Superpower
- By: Henry M. Paulson
- Narrated by: Kevin Stillwell
- Length: 18 hrs and 31 mins
- Unabridged
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Overall4.5 out of 5 stars 352
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Performance4.5 out of 5 stars 313
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Story4.5 out of 5 stars 313
When Hu Jintao, China's then vice president, came to visit the New York Stock Exchange and Ground Zero in 2002, he asked Hank Paulson to be his guide. It was a testament to the pivotal role that Goldman Sachs played in helping China experiment with private enterprise. In Dealing with China, the best-selling author of On the Brink draws on his unprecedented access to both the political and business leaders of modern China to answer several key questions.
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5 out of 5 stars
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A Valuable Book on China
- By Michael Moore on 09-04-15
By: Henry M. Paulson
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Act of Congress
- How America's Essential Institution Works, and How It Doesn't
- By: Robert G. Kaiser
- Narrated by: Matthew Josdal
- Length: 19 hrs and 9 mins
- Unabridged
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Overall4.5 out of 5 stars 43
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Performance4 out of 5 stars 37
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Story4.5 out of 5 stars 38
An eye-opening account of how Congress today really works - and doesn’t - that follows the dramatic journey of the sweeping financial reform bill enacted in response to the Great Crash of 2008. The founding fathers expected Congress to be the most important branch of government and gave it the most power. When Congress is broken - as its justifiably dismal approval ratings suggest - so is our democracy.
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5 out of 5 stars
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insightful, and eye opening.
- By A&K Schneider on 10-21-17
By: Robert G. Kaiser
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The Oil Kings
- How the U.S., Iran, and Saudi Arabia Changed the Balance of Power in the Middle East
- By: Andrew Scott Cooper
- Narrated by: Rob Shapiro
- Length: 19 hrs and 46 mins
- Unabridged
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Overall4.5 out of 5 stars 383
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Performance4.5 out of 5 stars 323
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Story4.5 out of 5 stars 334
Struggling with a recession... European nations at risk of defaulting on their loans... A possible global financial crisis. It happened before, in the 1970s. The Oil Kings is the story of how oil came to dominate U.S. domestic and international affairs. Brilliantly reported and filled with astonishing details about some of the key figures of the time, this is the history of an era that we thought we knew, an era whose momentous reverberations still influence events at home and abroad today.
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4 out of 5 stars
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Great story, but ignores the economic side
- By Walter on 04-15-12
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The Marshall Plan
- Dawn of the Cold War
- By: Benn Steil
- Narrated by: Arthur Morey
- Length: 16 hrs and 34 mins
- Unabridged
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Overall4.5 out of 5 stars 381
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Performance4.5 out of 5 stars 341
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Story4.5 out of 5 stars 341
The award-winning author of The Battle of Bretton Woods reveals the gripping history behind the Marshall Plan—told with verve, insight, and resonance for today.
In the wake of World War II, with Britain’s empire collapsing and Stalin's on the rise, US officials under new secretary of state George C. Marshall set out to reconstruct western Europe as a bulwark against communist authoritarianism. Their massive, costly, and ambitious undertaking would confront Europeans and Americans alike with a vision at odds with their history and self-conceptions. In the process, they would drive the creation of NATO, the European Union, and a Western identity that continues to shape world events.
Focusing on the critical years 1947 to 1949, Benn Steil’s thrilling account brings to life the seminal episodes marking the collapse of postwar US-Soviet relations—the Prague coup, the Berlin blockade, and the division of Germany. In each case, we see and understand like never before Stalin’s determination to crush the Marshall Plan and undermine American power in Europe.
Given current echoes of the Cold War, as Putin’s Russia rattles the world order, the tenuous balance of power and uncertain order of the late 1940s is as relevant as ever. The Marshall Plan provides critical context into understanding today’s international landscape. Bringing to bear fascinating new material from American, Russian, German, and other European archives, Steil’s account will forever change how we see the Marshall Plan and the birth of the Cold War. A polished and masterly work of historical narrative, this is an instant classic of Cold War literature.
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5 out of 5 stars
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A Deeply Researched Narrative
- By Jean on 10-18-18
By: Benn Steil
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All the Presidents' Bankers
- The Hidden Alliances That Drive American Power
- By: Nomi Prins
- Narrated by: Marguerite Gavin
- Length: 19 hrs and 56 mins
- Unabridged
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Overall4.5 out of 5 stars 201
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Performance4.5 out of 5 stars 178
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Story4.5 out of 5 stars 179
Nomi Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. She unravels the multi-generational blood, intermarriage, and protégé relationships that have confined national influence to a privileged cluster of people. This unprecedented history of American power illuminates how financiers have retained their authoritative position through history, swaying presidents regardless of party affiliation.
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4 out of 5 stars
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You better like history about the elite and rich
- By Victor on 01-12-15
By: Nomi Prins