Emerging and developing markets are the main concern addressed in this look at the political situation regarding the global flow of finance and our chances of avoiding another general crash.

RULING CAPITAL: EMERGING MARKETS AND THE REREGULATION OF CROSS-BORDER FINANCE asks questions about government regulation and control of how money crosses borders to fuel trade and development, particularly in new markets which are inherently less stable than the long-established ones.

Countries such as South Korea and Brazil need jobs and foreign investment in a global market. More developed countries like India and China are also hungry for jobs to feed their large populations and they have established policy instruments to control and channel inward investment. By employing a cheaper labour force in a country with low living costs and strong work ethics, a global firm can get its goods manufactured cheaply for sale to many countries. Long supply chains across many borders can cause difficulties however, including quality control, import duty, the possibility of corruption and waste. Have financial and manufacturing companies learnt from the economic crash, and what regulations can be put in place to stave off further difficulties?

The book is a dense read with terms like 'the macroprudentializing of post-crisis regulation' and pages peppered with abbreviations like IMF, WTO, BRICS and EMDs. I recommend that students of economics, or those working in financial or civil service jobs relating to the sector, will be best suited to appreciate the text. However the context is one which affects us all - where is your tablet or television or pair of trainers made? In which bank will your money be safely invested? Is inflation going to erode the value of your savings? If you want to start up a company making a good, which country would best suit your needs?

If you work with or study the global flow of capital investment, Kevin P Gallagher has amassed great experience from advising policy meetings and sitting in on top-level discussions, which RULING CAPITAL can pass on to you. This book is not aimed at the general reader nor is it a business manual.