Summary:
The book explores the relationship between emerging markets and the global financial system, focusing on how capital flows from developed to developing countries influence economic stability and growth. It delves into the history of financial crises, the role of international finance, and the challenges faced by developing nations in managing external capital.
Key points:
1. Capital Flows to Developing Countries: "Dance of the Trillions" looks at the history of capital flows to developing nations, their volatility, and the financial crises they can cause. It stresses the need to understand global finance's impact on these economies.
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