"The central issue on which this paper focuses is the failure of high net savings by the "savings glut" countries to lead to fruitful investment in other countries, both in the United States and in developing countries." -- Abstract

The management of financial crises in emerging markets is a vital and high-stakes challenge in an increasingly global economy. For this reason, it's also a highly contentious issue in today's public policy circles. In this book, leading economists-many of whom have also participated in policy...