Dance of the Trillions: Developing Countries and Global Finance

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Brookings Institution Press, Aug 14, 2018 - Business & Economics - 159 pages

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.

 

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Contents

Whats Past Is Prologue
1
The 1970s
19
Two Decades of Crisis
39
Explaining Emerging Markets
65
Thank You China
89
Toward a Beijing Consensus
109
Notes
129
Index
139
Back Cover
148
Copyright

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About the author (2018)

David Lubin is an associate fellow in global economy and finance at Chatham House, the Royal Institute of International Affairs, and a managing director and head of emerging markets economics at Citi.

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