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The financial crisis which erupted in mid-2007 has been widely viewed as the most serious financial crisis since the Great Depression of the 1930s. The crisis which originated in developed countries quickly spread to developing countries and the rest of the world. The turbulence in financial systems was followed by a significant reduction in real economic activity throughout the world. The crisis has highlighted that financial markets are inherently unstable and ...
Globalization has become the clich? of our times. The neo-liberal virus has struck almost everybody including within the ranks of the left. The proponents of neo-liberal globalisation claim that it produces “accelerated, efficient†development along with a deepening of democracy and human rights. However, reality shows the opposite and any rigorous examination of such arguments reveals their shallowness and inconsistency. This book underscores the point that ...
Investment matters. The millions of dollars that are moved around the world every minute of day profoundly affect who gets to eat and who doesn’t; who has a job and who doesn’t; and who accumulates wealth and at whose expense. Influencing investment decisions requires an understanding of how investment works. Kavaljit Singh explains the central role of transnational corporations (TNCs) and other key players in determining investment patterns. He debunks some ...