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Hot Money and the Politics of Debt - 9780773527430

Un libro in lingua di Naylor R. T. edito da McGill Queens Univ, 2004

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In modern banking practice and technology, money flies anonymously from one account to another across the globe. Whose money is it in the first place? Whose money does it become? Naylor (economics, McGill U.) examines the fabled wealth of the shadows, its disappearance and reappearance in offshore finance, and the "pillars of business integrity" who created and control the system at the core of the global economy. He describes the Meyer Lansky school of economics, the system whereby a nation's capital turns into its debt, the financial influence of drug peddling and other illegal sources of capital, and the ramifications for developing nations who founder in the streams of capital while developed nations hold them down. In this edition, Naylor updates his data and adds new examples to reflect recent changes and events. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)

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