HERE is an anlaysis of the foundations of international finance and the emerging trends therein. This book comes at a time when the world economies are trying to bounce back in the better investment climate, following the greatest crisis suffered by the global financial system in the past more than 75 years.
Finance has emerged from the shadows of commerce or accounts to acquire a highly integrative character in international domain. Exchange rates, international investment, international business and transnational regulatory processes have begun to effect individual lives and much of business. This book deals with the issue of investment in a few of its myriad forms and tries to negotiate the boundaries between the act of investment and finding secure organised methods of doing so. Coming as it does on the heels of the financial crisis of 2008-09, in its own way, the book tries to capture some of the core issues in the area of interest and hopefully navigate a way forward. It is the aspiration of every manager to improve the functioning of his organisation by taking all the components together and handling deftly so as to improve the prospect of doing business in an improved manner.
Discussing the impact of international finance on India, the author suggests the need to reframe and revise policies to stay abreast of the rapid changes that are taking place in the post-financial meltdown world. Commonsensical futuristic governance interventions are progressively becoming rare in many economies. When and how the process will begin to reverse is still in the domain of conjectures but that cannot be a reason not to undertake a mid-course review. -MG
(Macmillan Publishers India Ltd, 2/10 Ansari Road, Daryaganj, New Delhi-110002; www.macmillanpublishersindia.com)
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