Miranda Xafa on Frederic S. Mishkin: ''The Next Great Globalization: How Disadvantaged Nations Can Harness Their Financial Systems to Get Rich''

Year of Publication
Miranda Xafa
World Economics Volume 9, Number 2, 2008, pages 201 - 204
Document Type


This book by a prominent economist and Fed Governor provides invaluable insights into the financial development process, drawing on theoretical research and country experiences to distill the lessons for policymarkets. It explains how globalization - both real and financial - can bring prosperity, stability and wealth to emerging market countries (EMCs) that put in place the necessary institutional reforms when liberalizing their financial systems. The Next Great Globalization is intended not just for economists but also for broader audiences with an interest in financial issues.