Fixing Global Finance (Forum on Constructive Capitalism) - Tapa dura

Heavy but rewarding, Wolf's analysis fills in a lot of blanks for those seeking to understand the new U.S. recession in a global context. Publishers Weekly 2008 This is an ambitious book by one of the most respected financial journalists of our time... He does a terrific job, taking us through the plethora of theories that were put out to explain the imbalances, debunking the more popular but flaky ones with gusto. Financial Times 2008 Wolf is adamant: global trade and global finance ride in harness, and global finance requires controls -controls that cover all nations. Agree or not, get the book and expand your understanding of precisely what has brought the United States to its current flirtation with disaster. -- Arthur Jones The Desk In the diligent Fixing Global Finance, the Financial Times editor and columnist takes on the imbalances that have made the world economy lopsided. -- Andrew Bast Newsweek 2008 An extremely helpful guide to the origins of today's problems and to possible solutions... Written before the crisis, it is unhindered by minutiae about the crescendo of ad hoc measures that several governments took throughout the fall. -- Harold James Foreign Affairs 2009 If Mr. Wolf were to rewrite his book... he would no doubt shift his emphasis. But his first run at the subject... holds up remarkably well despite all that has happened. Economist 2009 The only inkling of hope is that policy makers everywhere have been so shaken by events that they will heed what Wolf advises. This book is a great and important contribution to everyone's welfare on the globe. It can be paid no higher accolade. -- Will Hutton Guardian 2009 The coverage of history alone is worth the price of the book... also a worthwhile read because of the story Wolf weaves to explain the development of the imbalances in world markets that resulted in the current financial and economic crisis. -- John M. Mason Seeking Alpha 2009 Give the world's current economic crisis, Wolf's book is timely. Choice 2009 Fixing Global Finance marks a turning point in his worldview... offers important pointers to the way ahead. -- Robert Skidelsky New York Review of Books 2009 College-level libraries strong in global business need this [book]. Midwest Book Review 2009 [Martin Wolf] the must-read Financial Times columnist. -- Wayne E. Yang Asian Review of Books 2009 Martin Wolf's book Fixing Global Finance provides an excellent description of international financial relations in the recent period... an excellent read -- Kirsten Wandschneider H-Net Reviews 2009

The latest book from Financial Times columnist Martin Wolf explains why global imbalances cause financial crises-including the one ravaging the United States right now-and outlines the steps for ending this destructive cycle. Reviewing global financial crises since 1980, Wolf lays bare the links between the microeconomics of finance and the macroeconomics of the balance of payments, demonstrating how the subprime lending crisis in the United States fits into a pattern that includes the economic shocks of 1997, 1998, and early 1999 in Latin America, Russia, and Asia. He explains why the United States is now the "borrower and spender of last resort," makes the case that this is an untenable arrangement, and argues that global economic security depends on the ability of emerging economies to develop robust financial systems based on domestic currencies. Sharply and clearly argued, Wolf's prescription for fixing global finance illustrates why he has been described as "the world's preeminent financial journalist."