Financial liberalisation has created volatility in financial markets, threatening the orderly running of national economies. Taming Global Financial Flows: a Citizen’s Guide by Kavaljit Singh, Coordinator of the Public Interest Research Centre, Delhi, explains and analyses the rapidly changing world of global finance and calls for radical reforms. It covers many aspects of the financial system, including capital account liberalisation, hedge funds, tax havens, capital controls and the international financial institutions. Singh sets out guiding principles for a more stable financial architecture and recommends concrete reform measures.
Stephen Kidd critiques Bretton Woods Institutions' approach to targeted social protection systems, arguing the poor lose out the most.
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