Monday, June 19, 2006

Taming the Global Finance

I just finished reading the book "Taming Global Financial Flows : Challenges and Alternatives in the Era of Globalization" by Kavaljit Singh.

From my interpretation, the author is a leftish. He advocated for certain degree of capital control and also the implementation of the Tobin Tax.

He is an economist base in India.

This book serves as a basic text on the herd effect, assymetry information, hot money, money laundering, off-shore financial center etc.

For those who will like to make sense of what happening in the globalised world, there are two books I recommend:
- The World is Flat on the movement of human resource and
- Taming the Global Finance on the movement of capital.

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