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The Gathering World Slump and the Battle over Capital Controls

“The policy backlash is ‘the most serious challenge yet to the free-market orthodoxy that the globe has embraced since the end of the Cold War’ The Wall Street Journal, 4 September 1998.” read more

The Asian Crisis: The High Debt Model Versus the Wall Street-Treasury-IMF Complex

“How could the widely acknowledged real estate problems of Thailand’s banks in 1996 and 1997 have triggered such a far-reaching debt-and-development crisis? The devaluation of the Thai baht in July 1997 was followed by currency crises or financial instability in Indonesia, Malaysia, the Philippines, Taiwan, Hong Kong, Korea, . . .” read more