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.
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
While the World Development Report (WDR) 2018 on education has some redeeming features, it is part of the Bank's longstanding very narrow view of education, and is silent on education financing.
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