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Gordon Brown writing book on economic crisis

Gordon Brown - Book out in November
Gordon Brown - Book out in November

Former British Prime Minister Gordon Brown will release a book about the global economic crisis in November, publisher Simon & Schuster has said.

The book, Brown's first since he was ousted from office in May, will 'offer insight into the events that led to the fiscal downward spiral and the reactions of world leaders as they took steps to avoid further disaster,' the company said.

'The book will also offer measures Brown believes the world should adopt to regain fiscal stability,' it added.

Brown, 59, replaced Tony Blair as head of the Labour government in 2007 after serving as his finance minister for a decade. But his rule was dogged by the economic crisis, the wars in Iraq and Afghanistan, and homegrown scandals.

He stepped down as prime minister and party leader after Conservatives and Liberal Democrat won enough votes to form a governing coalition in the wake of the UK general election in May.

Simon & Schuster said Brown has long been admired for his grasp of economic issues and his book would be 'a work of paramount interest during these uncertain financial times'.

Brown said it was now a world of global trade, global financial flows, global movements of people and instant global communications.

'Our economies are connected as never before, and I believe that global economic problems require global solutions and global institutions,' he said in a statement.

'In writing my analysis of the financial crisis, I wanted to help explain how we got here, but more importantly to offer some recommendations as to how the next stage of globalisation can be managed so that the economy works for people and not the other way around,' he added.