...ns, contraction in world trade and GDP, and public budget interventions. 3 Social Dimensions of Financial Crisis The global financial crisis has turne... ...s of Financial Crisis The global financial crisis has turned into a global social crisis. It has been estimated that the financial crisis could push 9... ... measures announced by governments lack focus on employment generation and social protection. The developed countries are facing a far worse social cr... ... election campaign in Germany, Franz Muntefering, then Chair of the Social Democratic Party (SPD), described private equity firms as “locusts.” He sub... ...re relatively regulated, OTC contracts are informal agreements between two parties and therefore carry heavy risk. The Risks While financial derivativ... ... This trend is most evident in several African economies such as Botswana, Democratic Republic of Congo, Gabon, Mali, and Nigeria where profit remitta... ...ross the border with impunity – belongs to this community. From Poverty to Democratic Power Financial stability calls for a grater role of the state a...

...c activity throughout the world. The crisis has highlighted that financial markets are inherently unstable and market failures have huge economic and social costs. The crisis has renewed debate on the role of global finance and how it should be regulated. The aim of this book is to encourage and stimulate a more informed debate on reforming the global finance. It exami...