Sunanda Sen offers an analysis of the ongoing malaise in the world economy, which include the financial and real instability as well as economic recession and lack of development. Rejecting the explanations advanced by the orthodoxy, she deplores the retrograde steps in the interest of high finance. This calls for a change in policies, away from the contractionary monetarist devices and in the direction of demand expansion which will prove mutually beneficial for both advanced and developing countries.

Autorentext
SUNANDA SEN has been a Professor at the CESP, Jawaharlal Nahru University over a period of nearly three decades. She has also been a Visiting Professor as well as a Consultant at various international organisations. Her published work includes four books - Colonies and Empire, Trade and Dependence, Finance and Development, and Financial Fragility, Debt and Economic Reforms - as well as a number of articles in edited volumes and journals.

Inhalt
Introduction The Changing Pattern of International Capital Flows: A Few Theoretical Insights The Evolving Pattern on International Capital Flows: An Overview The Pattern of Global Finance and the Real Economy Global Finance and Development