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  • Basic Books

The Blood Bankers: Tales from the Global Underground Economy

Bill Bradley, James Henry

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Prose: non-fiction, Economics

Globalization's dark side has devastated developing countries, according to an investigative journalist and financial expert who spent more than a decade tracking down the world's most intimate and shocking financial secrets.

Like tentacles on a vast octopus, the firsthand investigations in The Blood Bankers all lead to one core. A financial detective of sorts, investigative journalist Jim Henry analyzes a range of scandals, including the looting of the Philippines by the Marcos family and the financial collapse of nations throughout the developing world. A rogues' gallery of international criminals owes its existence to the dramatic growth of the underground global economy over the last two decades. Our world is being reshaped, often in sinister fashion, by wide open capital markets and an international banking network that exists to launder hundreds of billions of dollars in ill-gotten gains. Here is an inside look at globalization's dark side,the new high growth global markets for influence-peddling, capital flight, money laundering, weapons, drugs, tax evasion, child labour, illegal immigration, and other forms of transnational crime.

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