The volume offers a critique of the mainstream theory of de-regulated finance while drawing attention to the stagnation and instability at the heart of 'high finance'. The author examines how developing countries are drawn into the web of de-regulated finance of the speculative variety, with consequences which are even more severe when compared to the advanced countries. The book charts out an alternate route of global finance which is capable of generating real demand and activity. The change calls for national and international regulation of global finance in the interest of growth and development.

About the Author
Sunanda Sen has been a professor of economics at the Jawaharlal Nehru University, over a period of nearly three decades. Currently a visiting professor at the Academy of Third World Studies in New Delhi, she has also held visiting appointments in a large number of Universities abroad and in international organizations. Her published work includes four books and numerous articles in reputed journals and edited volumes.