The global financial machine has ground perilously close to a halt. This timely film explores what went wrong with economic globalisation. How could the financial world have miscalculated so badly?
We define what globalisation means in terms of neo-liberal economics, charting financial liberalisation in East Asia, privatisation in Latin America, the reckless transition to capitalism in Russia and China’s more cautious evolution to a market economy. We ask whether the policies of lending institutions like the IMF have exacerbated financial crises, as its rescue packages have ended up servicing bank debt.