Cost of Free Money: How Unfettered Capital Threatens Our Economic Future
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A penetrating account of how unchecked capital mobility is damaging
international cooperation, polarizing the economic landscape, and
ultimately reshaping the global order When it comes to the
afflictions of the global economy, almost everyone-and especially
Donald Trump-is quick to point the finger of blame at the state of
international trade. But what about unconstrained capital flows?
Unfettered capital has resulted in a string of financial and
economic crises that have left our political systems strained and
dialogue corroded. The once perceived benefits of openness have
been cast to the wayside and the cracks in the global order can no
longer be ignored.Paola Subacchi argues that international
cooperation and interdependence have become crippled. Regional
restrictions will soon strengthen and a multipolar order will take
shape, leading to a distinctly transformed economic landscape in
which China challenges the dominance of the US dollar. Combining
history, analysis, and prediction, this book provides penetrating
insight into the challenges facing the international economic
order.
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