Yılmaz Akyüz is chief economist at the South Centre, an intergovernmental think tank for developing countries based in Geneva, Switzerland.

“Yılmaz Akyüz is one of the most innovative thinkers in development economics whose insights have contributed to a much richer understanding of the opportunities and challenges of globalization in developing countries. At a time of increasing global instability, if we fail to listen to his advice, we do so at our own peril.” —Diego Sanchez-Ancochea, University of Oxford

• Introduction; PART I: LIBERALIZATION, STABILITY AND GROWTH; Chapter 1: Financial Liberalization: The Key Issues; Chapter 2: Managing Financial Instability in Emerging Markets: A Keynesian Perspective; Chapter 3: From Liberalization to Investment and Jobs: Lost in Translation; Chapter 4: Exchange Rate Management, Growth and Stability: National and Regional Policy Options in Asia; Chapter 5: Reforming the IMF: Back to the Drawing Board; PART II: THE GLOBAL ECONOMIC CRISIS AND DEVELOPING COUNTRIES; Chapter 6: The Current Global Financial Turmoil and Asian Developing Countries; Chapter 7: The Global Economic Crisis and Asian Developing Countries: Impact, Policy Response and Medium-Term Prospects; Chapter 8: The Staggering Rise of the South?