The Midas Touch: Why the Rich Nations Get Richer and the Poor Stay Poor

Anthony Sampson, Author, Anthony Sampson, Other
Anthony Sampson, Author, Anthony Sampson, Other Dutton Books $19.95 (0p) ISBN 978-0-525-24891-0
Reviewed on: 08/01/1990
Release date: 08/01/1990
The nearly instanteous electronic exchange of huge sums of money between global markets yields immediate profits without regard to production or concern for long-term needs of national economies--stable currencies, interest rates and credit. With the clarity and focus on human interest that distinguished his oil business study, The Seven Sisters , London financial reporter Sampson demonstrates that the flow of these monetary tides widens the gap between wealthy and debt-ridden nations, and wreaks havoc on the environment. He predicts, however, that increasing social problems will require that a larger proportion of investments be made for the public good. (Aug.)
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