International frame as the basic unit of economic analysis and his rejection of equilibrium as the principle informing that analysis make this book much more appropriate for understanding present-day reality than traditional macroeconomic treatises. These processes explain how the Indian Economy has benefited from money-mercantilism at the expense of other regions of the world. He formalizes a new political economy of money, which goes further than the conventional literature in explaining these patterns.

This book provides recommendations for the World Bank, IMF and various nations, which will also prove invaluable to students and scholars of financial economics, international economics and international political economy and major focuses on economic recessions.