The Making of a Mess

Who Broke Global Finance, and Who Should Pay for It?

Harold James

From Foreign Affairs, January/February 2009

Fixing Global Finance. Martin Wolf. London: Johns Hopkins University Press, 2008, 230 pp. $24.95.

Summary:  The current economic crisis may have one winner: the Chinese financial model, which -- together with the IMF -- holds the keys to fixing the problem.

HAROLD JAMES is Professor of History and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University and Professor of History at the European University Institute, in Florence.