Global Finance: New Thinking on Regulating Speculative Capital Markets - Hardcover

Hardcover

ISBN 10: 1856497917 ISBN 13: 9781856497916

Publisher: Zed Books, 2000

Synopsis

In this important policy- and campaign-relevant volume, economists, intellectuals and NGO leaders from both North and South confront what has now become the central issue of the new globalized world economy. Ever since the Asian crisis of 1997 threatened a chain-reaction of economic destabilisation, governments, the IMF, even the G7, and even George Soros, have concluded that something needs to be done. This volume examines the range of different ideas and approaches they have come up with. Among the issues examined are:

* How do we go about renewing 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?
* Could an international bankruptcy procedure be set up for countries, emulating the US's Chapter 11 for companies?
* Is the Tobin Tax on foreign currency transactions part of the solution?
* What effective steps need to be taken in relation to the most deeply indebted countries?

Contributors include Walden Bello, John Cavanagh, Susan George, Carlos Fortin, Martin Khor, Rodney Schmidt and others. They set their suggestions in the context of understanding what has happened during the past two decades of neo-liberalism's hegemonic position over economic thinking and policy. And they put up for discussion a fundamental recasting of economic institutions and strategies on the basis of democratically controlled, environmentally compatible alternative lines.

As the political momentum for serious institutional reform at the global level mounts, the ideas in this book will increasingly be on the international policy agenda.

About this title

About the Author

Walden Bello is a human rights and peace campaigner, academic, environmentalist and journalist who has made a major contribution to the international case against corporate-driven globalization. He is currently the Executive Director of Focus on the Global South, as well as an adjunct professor of sociology at the State University of New York, Binghamton. He was formerly a member of the House of Representatives of the Philippines, and has previously held positions at the University of the Philippines, UCLA, and the Transnational Institute in Amsterdam. His previous books include Dilemmas of Domination: the Unmaking of the American Empire (Zed 2005), and Capitalism's Last Stand? Deglobalization in the Age of Austerity (Zed 2013).

Edition details

• Publisher: Zed Books
• Publication date: 2000
• Language: English
• ISBN 10: 1856497917
• ISBN 13: 9781856497916
• Binding: Hardcover
• Number of pages: 256
• Editor: Bello Walden, Bullard Nicola, Malhotra Anju