International Money Flows and Currency Crises

Author(s):  
István Gyöngyössy
Author(s):  
Mette M. High

This concluding chapter looks at the gold traders who take part in economic circuits that are oriented away from the mines and toward the yuan of their Chinese trading partners within Asia's illegal gold trade. For them, the intersection of gold wealth with international money flows is conducive to the transformation of their “lifeless” earnings into profitable and productive currency. Holding and handling unmatched quantities, they quickly reinvest their “renewed” money into the gold trade or a business venture. Often transformed into visible, material wealth, money from the illegal gold trade thus offers a competing topography of wealth that is based not on the accumulation of fortune in livestock but on risk taking and business acumen.


2015 ◽  
Vol 1 (1) ◽  
pp. 19
Author(s):  
Nadine Bowers-Du Toit ◽  
Dion Forster

David Korten proposes a Fourth Generation approach (1990) to development that is value driven and sees social movements take centre stage in promoting a more just global society. Theologian Ignatius Swart (2006) has argued that Korten’s approach holds significant value for civil society role players such as the church, whose value-driven agenda may serve to resist common values expressed by the powerful in society. Recently, the EXPOSED 2013 campaign has emerged as such a Christian social movement, seeking to mobilise up to 100 million Christians globally to take action against corruption. Using social media and church networks at all levels it aims to petition the G20 for more open tax regimes and greater transparency in international money flows to combat bribery and tax avoidance. This article documents and critically analyses the EXPOSED 2013 campaign through the lens of Korten’s Fourth Generation in dialogue with Swart’s faith-based analysis of Korten’s work.


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