This pamphlet is adapted from Chapter 1 of Silent Revolution: The International Monetary Fund, 1979-89, by the same author. That book is full of history of the evolution of the Fund during 11 years in which the institution truly came of age as a participant in the international financial system.

'Silent Revolution' includes new or amplified discussions of capital markets and the role they play in the increasing depth and frequency of financial crisis in Latin America.

As if by unseen signal toward the end of the 1980s, many Latin American governments suddenly transferred money and decision-making power to local municipalities. At the same time, national authorities allowed local governments to choose their leaders in free and open elections. The resulting revolution has been profound in its reach and stunning in the silent shift of power from central to local authorities.The Quiet Revolution traces the growth and effects of decentralization and democratization in Latin America throughout the 1980s and 1990s. Based on first-hand accounts from mayors, local officials, and neighborhood leaders, Tim Campbell focuses on those cities and towns that made the most of their new intergovernmental arrangements. He further argues that the reforms, which are vital to long-term sustainable growth in the region, are in danger of being smothered by current policy responses from national and international institutions. Campbell's research, conducted over a ten-year span, counters conventional wisdom about the role of development banks in the process of state reform and offers timely insights into similar events taking place in other parts of the world.

How immune is the Gulf region to the changes that have engulfed the Arab world since 2011? This volume responds to this question by examining the impact of the Arab Spring on Gulf regimes and societies and contributing to debates on political participation and citizenship; sectarianism, gender and identity formation; as well as the role of the media in exposing the paradoxes of the Gulf system and its relationship to international political actors.

Although little noticed, the face of central banking has changed significantly over the past ten to fifteen years, says the author of this enlightening book. Alan S. Blinder, a former vice chairman of the Federal Reserve System and member of President Clinton’s Council of Economic Advisers, shows that the changes, though quiet, have been sufficiently profound to constitute a revolution in central banking. Blinder considers three of the most significant aspects of the revolution. The first is the shift toward transparency: whereas central bankers once believed in secrecy and even mystery, greater openness is now considered a virtue. The second is the transition from monetary policy decisions made by single individuals to decisions made by committees. The third change is a profoundly different attitude toward the markets, from that of stern schoolmarm to one of listener. With keenness and balance, the author examines the origins of these changes and their pros and cons.

This paper examines how Africa can reposition itself to take full advantage of globalization—while minimizing the risks in the process—to accelerate economic growth and reduce poverty. The paper highlights that Africa’s share of world trade has dwindled, foreign direct investment in most countries has remained at low levels, and the income gap relative to advanced countries has widened. The paper looks at why Africa has missed out so far on the benefits of globalization, and indicates what steps Africa now needs to take to boost economic growth.

From one of India's senior Civil Servants, a brilliant analysis of the critical moments in India's economic history and the future of multilateralism in the International Monetary Fund that could decide the future of global crisis resolution. V. Srinivas – distinguished Additional Secretary to Government of India, former Advisor to the Executive Director International Monetary Fund and Private Secretary to Finance Minister of India, a widely acclaimed administrator and academician – provides a comprehensive analysis of several big events that stand out in India's relations with the International Monetary Fund based on 17 months of research and interviews. India's Relations with the International Monetary Fund 1991-2016 provides insights into India's role as a Founding Member of the IMF, India's IMF programs of 1966, 1981 and 1991, India's gold purchases from the IMF in 2010, the rise of G20 and India's emergence as the fastest growing major economy in the world. V. Srinivas highlights the role of the IMF as the lender of last resort, the IMF as an institution of asymmetric power in dealing with member countries, the enhanced role of the IMF post-2008 Global Financial Crisis and the Rise of China in the International Monetary System. “India's relations with International Monetary Fund 1991-2016: 25 years in perspective” is the first comprehensive study on the subject that offers deep insights into an Institution that has influenced the global economy in a significant way.

This timely new title examines the importance and impact of major international organizations and their role in global governance. International Organizations in World Politics focuses on the most influential IOs, including the United Nations, World Bank, International Monetary Fund, and World Trade Organization. For each organization, author Tamar Gutner describes their birth and evolution, governance structure, activities, and performance. A second chapter on each organization presents a case study that illuminates the constraints and challenges each IO faces. Regional organizations and issues are also examined, including the European Union and the euro crisis, as well as a case study on the African Union’s peace operations.