Spotlight G-20: Hot Money Creating Havoc in the Global Economy

Kevin P. Gallagher
Part of a Triple Crisis series leading up to the Nov. 11-12 G-20 meetings.

Part two of Triple Crisis blogger Kevin Gallagher’s interview with the Real News Network on why many developing countries are adopting capital controls as a countermeasure to the Fed’s proposed quantitative easing and why the IMF is supporting them.

Watch part one of the interview at the Real News Network. Read more on Gallagher’s work on capital controls and foreign investment.

One Response to “Spotlight G-20: Hot Money Creating Havoc in the Global Economy”

  1. The Case for Controlling Capital Outflows says:
    January 23, 2011 at 3:38 am

    […] countries, and even some low-income ones, are being flooded by short-term capital flows which they do not need; much of this money originates via the carry trade from the second wave of […]