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4.
Understanding Nanotechnology - Scientific American (Fritz,
Sandy, Ed.). I strongly and unequivocally recommend this collection of
essays. This is a simply easily accessible reading matter for the dense
subject of nanotechnology. There are moments, however, when one is left
wondering whether the lack of technical language is of any help as the
subject matter is no less dense, anyhow. 6.
The Chastening - Inside the Crisis that Rocked the Financial World
and Humbled the IMF - Blustein, Paul. Written in a refreshingly
anecdotal style, and probably a simple yet illuminating introduction to
international economics, this book seeks to address the causes, IMF's
solutions and the failures of the contagion that felled several market
economies in the 90s. My personal feeling is that the treatment of Brazil
and Russia could be at least as thorough as that granted Korea and perhaps
Thailand. In any event, as an exposé on the workings of the IMF,
this is pretty good reading. I personally think we ought to get rid of
the IMF and the World Bank, heck, any institution that propagates the
western philosophy of sustaining and increasing the indebtedness of developing
countries, effectively enslaving them to generations upon generations
of debt because of certain bailouts of the rich. They want to both reap
the rewards of high risk investments (high interest rates, open markets
and no capital controls) presented by the developing market economies
- which are such, by definition - and structural adjustments of the same
when these leeches' risk taking comes home to roost (bilateral, corporate
and international loans with conditions, many of which are untenable and
insensible on the ground) but no price to pay for the already risk-loving
rich. Now, I do not mind wealth; in fact, I believe that open markets
and the free flows of capital are good for the future of developing markets.
I think that unrestrained flows of capital and free reigning capitalism,
as embodied by the highly specualtive bets placed on developing countries
by foreign investors, is not the answer in dire straits. In that case,
controls are the key, and one must be shameless in protecting the natives.«
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