|
|
|
|
Mutual Funds and the New Economic Order |
| Section: CURRENT ISSUES / ANALYSIS |
| Author: Peter Neckermann |
| Publication: The world & I online |
| Issue Date: 1/1/1996 |
| Size: 2,414 Words, 18,490 Characters |
|
But, because of regional instability, the threat of civil or local wars, and the reluctance of the superpower United States to lead a charge for a strong and stabilizing world political system, the funds can actually bludgeon the development from which they seek to profit.vbcrlf The problem is the "casino mentality" in global investing. This mentality is displayed by global portfolio investment managers whose capricious and destabilizing movement of vast sums into and out of countries sends Third World nations on an economically wrenching roller-coaster ride.vbcrlf The process begins when, somewhere in the corridors of Washington and New York, a consensus emerges about the prospects for a specific...
. . .
...bsp;The financial markets are presently the world's most valuable asset, for development promotes peace and prosperity. The markets' excesses must be tamed. But it would be wrong to curtail them because the appropriate global political structure is not in place. Instead, the political structure has to be built.The world needs a new, stable political system. The present turmoil is dangerous. vbcrlf
(800 of 18,490 characters)
Do you want to read
the whole article? You can
purchase it here.
Subscriber Login |
|
|
Publication Details
(The World & I Online) |
|
The World & I Online is a
comprehensive academic resource that encompasses a broad range of
articles by scholars and experts in the areas of Global Studies,
Liberal Arts, Fine & Applied Arts, General Science, and Spanish.
Originally published monthly in print as The World & I, our site
includes the complete contents since 1986 and continues to publish
a new issue online each month. |
|
Individual Subscription
|
 |
|
|
|
College Orders (based
on full-time enrollment) |
|
-
2 to 5 Computers |
|
-
Up to 1,000 Students |
|
-
1,001 to 2,500 Students |
|
-
2,501 to 5,000 Students |
|
-
5,001 to 10,000 Students |
|
-
10,001 or More Students |
|
|
|
Public Library Orders |
|
-
2 to 5 Computers |
|
-
6 to 50 Computers |
|
-
51 to 100 Computers |
|
For over 100
computers, call 866-211-6040. |
|
|
