The first edition of this book analyzed the financial crisis of 1987. Professor Nabudere's analysis of the causes of that crisis has extraordinary parallels with the contemporary financial and economic meltdown that has caused panic in the West and devastated the lives of millions in the Third World. In material added to this second edition, Nabudere analyzes the 20072008 financial crash and draws out the likely implications for the Third World, a perspective that has received little attention elsewhere.
