The Crash of International Finance-Capital and its Implications for the Third World

The Crash of International Finance-Capital and its Implications for the Third World


Contemporary financial and economic meltdown

The Crash of International Finance-Capital and its Implications for the Third World
was first published in 1989 in response to the financial crisis of 1987. Professor Nabudere's analysis of the causes of that crisis has extraordinary parallels with the contemporary financial and economic meltdown that has caused panic in the West and devastated the lives of millions in the Third World. Nabudere traces the historical evolution of money and finance-capital and demonstrates the inevitability of periodic crashes of finance-capital.

A Third World perspective

Although the first edition was published before the collapse of the Soviet Union, the analysis of the causes of the periodic crisis of capitalism is as relevant today as it was 20 years ago. In this second edition, Professor Nabudere provides an updated analysis of the crash of international finance-capital of 2007-08 and draws out the likely implications for the Third World, a perspective that has received little attention elsewhere.

Capitalism: an indefensible system

This book is a damning critique of a system that has paid trillions of dollars to bail out international banks and financial institutions, the very institutions that were responsible tor creating the crash, while the rest of humanity - especially the majority in the Third World - suffers its devastating consequences. Capitalism, Nabudere argues, has lost all moral and ethical claims to be a means for progress; it is, he believes, an indefensible system.

'Reading this abridged version again, as I first did in 1989 before its publication, is like reading history backwards. Professor Nabudere had predicted the crisis of the global financial system even as, with the collapse of the Soviet Union, the West was riding triumphant and neoliberal globalisation was entering its mature phase.'
Yash Tandon, former executive director of the South Centre

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Title The Crash of International Finance-Capital and its Implications for the Third World
Edition 2
Introduction by Yash Tandon
Publisher Pambazuka Press
Imprint Fahamu Books
BISAC Subject Heading HIS001000 HISTORY / Africa
SOC042000 SOCIAL SCIENCE / Developing Countries
BUS068000 BUSINESS & ECONOMICS / Development / Economic Development
BIC Subject Heading GTF Development studies
KCX Financial crises & disasters
HBTR National liberation & independence, post-colonialism
Audience 01 General / trade
Audience Activists, campaigners, NGO-workers, academics, journalists, commentators
Credit Fahamu Ltd
Title First Published 15 September 2009
Subject Scheme Identifier Code      93 Thema subject category: NHTR      93 Thema subject category: KCX      93 Thema subject category: GTP
Includes Index; Bibliography
Format Paperback
Nb of pages Index . Bibliography .
ISBN-10 1-906387-43-5
ISBN-13 978-1-906387-43-3
GTIN13 (EAN13) 9781906387433
Related Formats Electronic version available as GTIN-13 - (EAN 13) 9781906387440
Publication Date 15 September 2009
Weight 410 gr
List Price £16.95
Format PDF
Nb of pages XIV - 266 p. Index . Bibliography .
Product Detail PDF
ISBN-10 1906387443
ISBN-13 9781906387440
Related Formats Epublication based on (print product) GTIN-13 - (EAN 13) 9781906387433
Publication Date 09 July 2009
Main content page count 266
Front matter page count (Roman) 14
Format Multi-item Pack
Nb of pages Index . Bibliography .
Reference no. BUNPDF9781906387433
Weight 440 gr
List Price £26.90
Original Title The Crash of International Finance Capital and the Implications for the Third World
Original Publisher SAPES Trust, Harare
Original Publication 1989

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