Securities: the new world wealth machine.
Securitization—the issuance of high-quality bonds and stocks—has become the most powerful engine of wealth creation in the world economy. Securitization requires that a state find ways to increase the market value of its capital stock. In the past, manufacturing, exporting, and direct investment p...
| Published in: | Foreign Policy no. 104; pp. 118 - 134 |
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| Format: | Article |
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Foreign Policy
Fall 1996
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| Online Access: | View this record in EBSCOhost |