Paul Blustein's new book (on the Argentine crisis)
Paul Blustein, the Washington Post international economics reporter, has a new book coming out on the Argentine financial crisis of 2001: "And The Money Kept Rolling In (And Out)"
Blustein was the author of The Chastening, a history of the East Asian financial crisis. He describes the new book as somewhat different:
- "A previous book, The Chastening, had covered the crashes of economies in Asia, Russia and Brazil in the late 1990s. But this is a different kind of book. Most important, it has what I would call a high indignation quotient. The more I delved into the story, the more people I interviewed, and the more documents I obtained, the more appalled I became about the part the international community had played in pumping up Argentina's economy to dangerously vulnerable levels and then letting the country down badly when the bubble burst. The book reflects my disgust with a system that so woefully fails the people of countries seeking to claw their way into the First World. For people who believe in the power of globalization to raise living standards in the developing world � and I count myself among them � the story of the most spectacular national bust of recent times is a sobering drama of immense significance for us all."
"Argentina Didn't Fall on Its Own. Wall Street Pushed Debt Till the Last ";
"IMF Says Its Policies Crippled Argentina: Internal Audit Finds Warnings Were Ignored";
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