1. Introduction: Will China be the Epicenter of the Next Financial Crisis? 2. Crisis in Wall Street and the Keynesian Response 3. Europe: Social Democracy’s Faustian Pact with Global Finance 4. Asia and Finance Capital: From the Japanese Bubble to China’s Financial Time Bomb 5. Reforming the Global Financial Architecture: Opportunities Lost, 2008-2018 6. How to Rebottle the Genie 7. Conclusion: Why Financial Reform is Not Enough
Walden Bello, one of the leading figures of the anti-globalisation movement, reveals how an impending financial crash in China may well bring the rest of the world’s economy down with it.
Walden Bello is a human rights and peace campaigner, academic, environmentalist and journalist who has made a major contribution to the international case against corporate-driven globalization. He is currently the Executive Director of Focus on the Global South, as well as an adjunct professor of sociology at the State University of New York, Binghamton, USA. He was formerly a member of the House of Representatives of the Philippines, and has previously held positions at the University of the Philippines, UCLA, and the Transnational Institute in Amsterdam. His previous books include Dilemmas of Domination: the Unmaking of the American Empire (Zed 2005), and Capitalism's Last Stand? Deglobalization in the Age of Austerity (Zed 2013).
This welcome critique of global finance is admirably angry.
*Guardian*
Paper Dragons looks at the economic dangers building up in the
Chinese economy and situates them in world economic developments
since the Global Financial Crisis.
*Green Left*
Walden Bello suggests that, while the next devastating crisis with
global ramifications can strike any one of capitalism’s many nodes,
the immediate threat comes from Asian giant, China. The lesson?
Reform of capitalism may be the immediate call, but in the final
analysis we must transform how the system works and we live our
lives.
*C. P. Chandrasekhar, Professor of Economics, Jawaharlal Nehru
University*
Walden Bello argues that fragility remains within the system and
points to China as the potential source of the world's next major
economic crisis. He raises issues that citizens, policymakers, and
financial players ignore at their peril.
*Dean Baker, Co-founder and Senior Economist, Center for Economic
Policy Research*
Walden Bello shows how global capitalism remains structurally prone
to financial crises. With clarity and conviction, Bello continues
to explain reality lucidly and inspire progressive
alternatives.
*Jayati Ghosh, Professor of Economics Jawaharlal Nehru
University*
'Startling, revelatory, brilliant! An astonishing exposé of the
frightening economic details of this moment.
*Jerry Mander, author of The Capitalism Papers*
'In 2008, a U.S. housing bubble careened out of control and plunged
the world into a gruesome global financial crisis. Bello
brilliantly lays out the case that – unless we put effective checks
in place – the next financial crisis will likely erupt in
China.
*John Cavanagh, Director, Institute for Policy Studies*
In this volume, Walden Bello demonstrates that East and Southeast
Asia has been the location of multiple financial crises, despite
enjoying an international reputation as a group of successful
globalizers.
*Manuel Montes, Senior Analyst, South Center, Geneva*
Walden Bello, in this terrifying new book, explains that, if major
changes are not taken, the same set of circumstances – unregulated
shadow banking, runaway financial speculation and an overheated
real estate bubble – are poised to take down China’s economy, and
perhaps the world's with it. A very important book for this
political moment.
*Maude Barlow, author of Blue Future and chairperson of the Council
of Canadians*
A stark warning about the vulnerable state of global financial
markets from one of our most acute and prescient thinkers.
*Naomi Klein, author of This Changes Everything and The Shock
Doctrine*
'A tour de force of past and future financial crises by the globe's
most astute progressive political economist. Bello puts forward a
comprehensive agenda to prevent the next crisis.
*Robin Broad, Guggenheim Fellow and Professor, American
University*
'Walden Bello brilliantly explains how our global financial system
still operates as a giant casino — with China now one of the most
reckless gamblers. Read this book to learn how we can tame the
global financial casino — before China and other reckless gamblers
cause the next crash.
*Sarah Anderson, Global Economy Project Director*
Walden Bello is one of the rare truly global thinkers. A must-read
for those seeking prevent the next financial meltdown.
*Superb.'*
'Crisply and clearly written, Paper Dragons demonstrates that:
"Yes, it can happen here, again and again." Politicians and
lawmakers everywhere had better get a grip on finance, now. Or
watch out, World!
*Susan George, President of the Transnational Institute and author
of How the Other Half Dies*
Walden Bello is one of the foremost analysts of global economics
and politics of our time. He shows that the global economy is a
ticking time bomb. Erudite and eloquent, this book could not be
timelier. This is a must read.
*William I. Robinson, Professor of Sociology, University of
California*
'The question may not be if another crash will take place, but when
and where will it start. Bello eschews pessimist fatalism, arguing
for a broad programme of financial reforms integrated into a
comprehensive programme of reforms of the real economy. Inspired
and accessible … Wholeheartedly recommended!
*Heikki Patomäki, Professor of World Politics, University of
Helsinki, author of The Great Eurozone Crisis*
 |
Ask a Question About this Product More... |
|
