International capital flows have played a major role in shaping the fortunes of developing countries. What makes money flow from high-income countries to lower-income ones, and what makes it flow out again? How do developing countries protect themselves from the volatility of these flows, and how is the rise of China affecting this market?
On 15 November 2018, the Wheeler Institute for Business and Development hosted a book launch with David Lubin at Sammy Ofer Centre, followed by a panel discussion with Professors Hélène Rey and Elias Papaioannou, Academic Director of the Wheeler Institute.
Lubin’s Dance of the Trillions: Developing Countries and Global Finance traces the evolution of ‘emerging markets’ as an organising concept in international financial markets and analyses the relationship between developing countries and global finance – which currently appears to be moving from one governed by the ‘Washington Consensus’ to one more likely to be shaped by Beijing.