Global Finance: New Thinking on Regulating Speculative Capital Markets

Global Finance: New Thinking on Regulating Speculative Capital Markets

by Walden F. Bello, Nicola Bullard, Kamal Malhotra
     
 

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In this book, leading thinkers confront what is to be done about the clearly unstable world economic system. They examine a raft of different ideas and approaches, including: how do we renew the process of governance of the global economy?; can the IMF be reformed?; do we need a new World Financial Authority?; is there a case for capital controls?; what effective

Overview

In this book, leading thinkers confront what is to be done about the clearly unstable world economic system. They examine a raft of different ideas and approaches, including: how do we renew the process of governance of the global economy?; can the IMF be reformed?; do we need a new World Financial Authority?; is there a case for capital controls?; what effective measures are needed to relieve the most deeply indebted countries? These questions are set in the context of understanding what has happened under the aegis of neo-liberalist economic thinking and policy. Fundamental questions are raised about recasting economic institutions and strategies on the basis of democratically controlled, environmentally compatible alternative lines.

Editorial Reviews

Booknews
Fifteen contributions from international scholars and NGO associates address the problems of speculative capital markets which were made evident by the Asian crisis of 1997 and suggest some possible solutions. Originating out of a conference of activists and scholars held in Bangkok in 1999, the contributions examine economic issues from a "people-centered" rather than "profit-centered" point of view. Some of their proposals include the reform of international financial institutions, national capital controls, financial transactions taxes and international bankruptcy procedures. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

ISBN-13:
9781856497916
Publisher:
Zed Books
Publication date:
12/01/2000
Pages:
256
Product dimensions:
5.58(w) x 8.76(h) x 0.76(d)

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