Books : Global Finance: New Thinking on Regulating Speculative Capital Markets

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Author name: Walden Bello

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.