An assessment of the debate over the role of volatile private capital flows and their impact on developing countries. The book outlines the long history of concern about these issues, going back to preparations for the Bretton Woods agreement. It assesses their acceleration with the growth of international capital and looks at key case studies from Latin America, Asia and Africa to assess the possibilities and problems for national and international policy responses.
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G.K. HELLEINER is a Professor of Economics at the University of Toronto and Research Coordinator for the Intergovernmental group of Twenty-Four on International monetary Affairs (G-24).
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