George Soros applies his experience in the world of finance to explain what is happening in the collapsing global economy. The Russian economy has collapsed leading to inflation and economic hardship; scores of Japanese banks are in ruin; the once-booming economies of Thailand, Malaysia and Indonesia have imploded; and even in Europe and America, the markets lurch violently, wiping out gains ea…
This stimulating book calls attention to the growth of an inefficient superlayer in the economies of South-East Asia and invites the reader to think about the problems this poses to economic development in the future. The author argues that technological backwardness, the low quality of government intervention, and discrimination against those pf Chinese descent have prevented capitalism from s…