What Went Wrong? Is a Bailout the Answer?
Over the past 25 years, the world has weathered
multiple financial crises, with the subprime
lending crisis being the latest and the scariest. In his
new book, Fixing Global Finance, published by the
University Press, Financial Times columnist
Martin Wolf explains why global imbalances cause financial
crises — including the one ravaging the United States
right now — and outlines the steps for ending this
The book — already clocking in at No. 200 on Amazon.com — is a new
title in Francis Fukuyama's
Forum on Constructive Capitalism series. Fukuyama is
the Bernard L. Schwartz Professor of International
Political Economy at SAIS.
Launching the book in D.C. last week at SAIS, Wolf
explained the financial crisis and outlined
how to end the destructive cycle. To hear his talk, go to:
GO TO OCTOBER 20,
TABLE OF CONTENTS.
GO TO THE GAZETTE