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exchange implosions, flights of capital, currency
collapses, investment scams, tax evasion, terrorist
funds in offshore havens. The epidemic of financial
crises - in Mexico, South East Asia, Russia,
Brazil and Argentina - has forced the rich industrial
countries, led by the United States, to respond.
They have attempted to re-establish rules and
order through the Financial Stability Forum
and the G20, or New International Financial
Architecture. Why has it emerged? At whose initiative?
What does it involve? Who is benefiting? Will
it really work? This book argues that it will
not achieve either sustained economic growth
or financial stability, let alone tackle mass
poverty and social injustice.
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