Khan presents a theory of financial crises in the age of globalization from an evolutionary perspective and suggests policies that may be necessary for averting or managing new financial crises. Starting with the Asian financial crises, he identifies new types of financial crises that result from a combination of liberalization, weak domestic institutions for economic governance and a chaotic global market system without global governance institutions. Suggested solutions involve building new institutions for global and domestic governance and domestic and international policy reforms.

This is the first volume in an ambitious new series-"Patterns of Potential Human Progress"-inspired by the UN Millennium Development Goals (MGDs) and other initiatives to improve the global condition. The first and most fundamental of these goals-reducing poverty worldwide-is the focus of this book. Using the large-scale computer program called International Futures (IFs) developed over three decades at the prestigious University of Denver Graduate School of International Studies, this book explores the most extensive set of forecasts of global poverty ever made-providing a wide range of...