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Hot Money and the Politics of Debt Hardcover – Jan. 1 1601

5.0 5.0 out of 5 stars 11 ratings

Product description

From Publishers Weekly

McGill University economist Naylor depicts a postWW II intercontinental inferno of high finance involving deceit, corruption, fraud, greed, conspiracy, tax evasion, drug dealing, arms smuggling and politico-monetary "peekaboo" sleight-of-hand as government VIPs worldwide, international bankers, labor unions, the CIA, the Mafia, the Vatican, the Moonies, Latin American juntas, African potentates and Middle East terrorists, Hong Kong and Panama innovators, covert contra-aiders and assorted illicit combines variously divert billions from the economy of nations. Secret Swiss and "offshore" bank accounts, dummy corporations and the like siphon off "hot money," which in some cases, charges the author, may equal a country's entire national debt. "There would be no debt crisis," he concludes, "without large-scale capital flight." Dozens of such intrigues are chronicled here with massive data, some of it "alleged," "claimed," "rumored" or "likely," yet all of it rings with credibility.
Copyright 1987 Reed Business Information, Inc.

From Library Journal

Since the exposure of the Iran arms deal and contra aid scandal, the issue of international finance fills the headlines. In Hot Money economist Naylor deals successfully with a range of topics related to international finance, focusing especially on capital flight and the crushing Third World debt. He discusses the world monetary crisis in relation to the international oil situation, the wealth of the institutional church, the financing of the global drug trade, Swiss banks, and governmental involvement in perpetuating debt financing. The book is written in a popular style, but Naylor includes substantial enough documentation to interest readers at all levels. A thought-provoking work, Hot Money is essential reading on the contemporary scene. Highly recommended. Boyd Childress, Auburn Univ. Lib., Ala.
Copyright 1987 Reed Business Information, Inc.

Product details

  • Publisher ‏ : ‎ Linden Pub (Jan. 1 1601)
  • Language ‏ : ‎ English
  • ISBN-10 ‏ : ‎ 0671623192
  • ISBN-13 ‏ : ‎ 978-0671623197
  • Item weight ‏ : ‎ 748 g
  • Customer Reviews:
    5.0 5.0 out of 5 stars 11 ratings

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R. T. Naylor
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