ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Continuity or Change? Finance Capital in Developing Countries a Decade after the Asian Crisis

Ten years after the east Asian crisis, the volume of capital flows to developing countries has exploded, but has vulnerability to crises been reduced because of the prudence built into the financial system? On the contrary, we are in fact witnessing trends, which imply an increase in financial fragility that can lead to further crises, with extremely adverse implications for growth, stability, employment and social welfare. New measures to govern finance and financial flows are a necessity.

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