Скачать или смотреть How Capital Account Liberalization Became Economic Warfare

Capital account liberalization was promoted as essential for economic development, allowing countries to access international savings for domestic investment. In reality, it has become one of the most effective weapons of economic control ever devised. By removing restrictions on cross-border capital flows, developing countries create vulnerabilities to speculative attacks that can overwhelm their foreign exchange reserves and force dramatic policy reversals. The Mexican peso crisis, Asian financial crisis, and European debt crisis demonstrate how sudden stops in capital flows enable systematic policy enforcement through financial terrorism. Drawing from institutional experience within international financial organizations, this analysis reveals how hot money flows, coordinated by hedge funds and amplified by rating agencies, function as mechanisms of economic warfare that subordinate democratic policy-making to international investor preferences and force developing countries to abandon sovereignty in exchange for financial stability.