Book tracks rise of global financialisation

Finance Minister Nirmala Sitharaman unveiled The Rise of Finance: Causes, Consequences and Cure, a book co-authored by V Anantha Nageswaran, Dean, IFMR Graduate School of Business at Krea University and Gulzar Natarajan, Sr Managing Director, Global Innovation Fund, in the city.

Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister, was also present during the unveiling and received the first copy of the book. The book examines the rise of financialisation globally, while charting its drawbacks and prescribing suggestions for a definitive overhaulof the structure.

While unveiling the book, Sitharaman said, “I think this is a must-read book by all those who want to understand the current economic situation facing both the world and Indian economy. Three very important points of this book are, here is a book that talks about the economics with zest, with a force of argument that makes it racy to read, especially due to the language and the style of writing by the authors.”

She added, “As a textbook, I am sure it will become very popular and more importantly, this will be a book that is very relevant to those of us, sitting on the policymaking table.”