The Globalisation of Finance: A Citizen's Guide - Hardcover

Singh, Kavaljit

Hardcover

ISBN 10: 1856496910 ISBN 13: 9781856496919

Publisher: Zed Books Ltd, 1999

Synopsis

Dragon bonds. Samurai bonds. Senior bonds. Mutual funds. Open-end funds. Closed-end funds. Global Depository Receipts. Is the IMF a UFO? (30 per cent of Thai children think so). For those confused by the world of global finance, here is a citizen's guide to what is happening in the rapidly changing "virtual reality" of big money; who the big players are; and the complex world of financial derivatives they trade in. What have these volatile mega flows of hot money actually done to countries on the receiving end? Fuelled by short-term speculative gains, they make it difficult for governments to pursue independent economic policies. Mexico yesterday, South East Asia and South Korea today. Which countries tomorrow? This book tells the story and explains how, in the interests of people North and South, effective regulatory mechanisms, backed up by citizen action, are urgently needed.

About this title

About the Author

Kavaljit Singh is Director of Public Interest Research Centre, Delhi, a policy research institute working on finance, investment and developmental issues. He is the author of highly acclaimed and widely published book, The Globalization of Finance: A Citizen's Guide (DAGA, IPSR Books, Madhyam Books and Zed Books, 1998). His latest book is Taming Global Financial Flows: Challenges and Alternatives in an Era of Financial Globalization (Hong Kong University Press, DAGA, IBON Books, Madhyam Books, University Press, White Lotus and Zed Books, 2000). He is also the founder of Madhyam Books, an independent publishing house, publishing books on contemporary issues.

Edition details

• Publisher: Zed Books Ltd
• Publication date: 1999
• Language: English
• ISBN 10: 1856496910
• ISBN 13: 9781856496919
• Binding: Hardcover
• Number of pages: 208