Dance of the Trillions - pr_31585

Dance of the Trillions

Developing Countries and Global Finance

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Voted one of the best economics books of 2018 by the Financial Times In Dance of the Trillions, David Lubin tells the story of what makes money flow from high-income countries to lower-income ones; what makes it flow out again; and how developing countries have sought protection against the volatility of international capital flows. The book traces an arc from the 1970s, when developing countries first gained access to international financial markets, to the present day. Underlying this story is a discussion of how the relationship between developing countries and global finance appears to be moving from one governed by the "Washington Consensus" to one more likely to be shaped by Beijing.

Product code: 9780815736745

ISBN 9780815736745
Series Insights: Critical Thinking on International Affairs
Publisher Brookings Institution
No. of pages 154
Dimensions H229xW152
Tells the story of what makes money flow from high-income countries to lower-income ones, and what makes it flow out again. David Lubin follows a trajectory from the emergence of petrodollars, global inflation, and the US Federal Reserve in the 1970s; to Latin America's "lost decade" of the `80s; to the rise of China in the early 2000s.