The 2008 financial crisis is arguably the most dramatic outcome of globalization. International economic integration, if unregulated, can bring about huge inequalities and the destruction of the environment. This thought-provoking book illustrates why the ‘old’ international order is unable...

This article investigates some of the causes of the financial crisis - global imbalances and unsound governance of world liquidity - and supports the need to reform the present asymmetric international monetary system based on the dollar as a reserve currency. Part I examines global imbalances,...