The Midas Touch: Why the Rich Nations Get Richer and the Poor Stay Poor

The Midas Touch: Why the Rich Nations Get Richer and the Poor Stay Poor

by Anthony Sampson

Editorial Reviews

Publishers Weekly - Publisher's Weekly
The nearly instanteous electronic exchange of huge sums of money between global markets yields immediate profits without regard to production or concern for long-term needs of national economies--stable currencies, interest rates and credit. With the clarity and focus on human interest that distinguished his oil business study, The Seven Sisters , London financial reporter Sampson demonstrates that the flow of these monetary tides widens the gap between wealthy and debt-ridden nations, and wreaks havoc on the environment. He predicts, however, that increasing social problems will require that a larger proportion of investments be made for the public good. (Aug.)
Bestselling author Sampson (The Money lenders) describes the divorce of money from manufacturing actual goods and the globalization of wealth during the boom of the 1980s. His focus is on attitudes rather than economics--on who has the money and how they use it. Annotation c. Book News, Inc., Portland, OR (

Product Details

Penguin Group (USA) Incorporated
Publication date:
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7.00(w) x 5.00(h) x 1.00(d)

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