Gordon Brown's book on economic crisis set for November

Mon Jul 26, 2010 10:40pm EDT
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NEW YORK (Reuters Life!) - Former British Prime Minister Gordon Brown will release a book about the global economic crisis in November, publisher Simon & Schuster said on Monday.

The book, Brown's first 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," Simon & Schuster said in a statement.

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 mustered enough votes to form a governing coalition in the wake of the U.K. general election in May.

Divisions between Brown and Blair have been well documented and were reopened earlier this month when former Labour minister Peter Mandelson published his memoirs laying bare the tensions.

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 the 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 globalization can be managed so that the economy works for people and not the other way around."

(Writing by Belinda Goldsmith, Editing by Dean Goodman