Covering Globalization

Anya Schiffrin is codirector of the media program at Columbia University's School of International and Public Affairs. She was the editor in chief of the Istanbul-based daily the Turkish Times, a stringer for Reuters in Barcelona, senior financial writer at the Industry Standard in New York and bureau chief for Dow Jones Newswires in Amsterdam and Hanoi. Amer Bisat is a hedge fund manager focusing on emerging-markets bonds and was previously a portfolio manager at UBS and Morgan Stanley and chief emerging-markets economist at Salomon Brothers in Europe. He has also been a senior economist at the IMF, where he worked on the economics of Russia, Egypt, and Cameroon, and he has published widely on growth, the financial sector, and Middle East economics.

• Acknowledgments 1. The Importance of Critical Thinking, by Joseph E. Stiglitz and Anya Schiffrin Part 1. Capital Markets 2. Capital Markets, by Catherine McKinley Sidebar: Pyramid Schemes, by Tyler Maroney 3. Foreign Exchange Markets and Foreign Exchange Crises, by Sara Silver 4. Covering Central Banks, by Marjorie Olster 5. Capital Controls, by Anya Schiffrin Sidebar: The IMF and Capital-Account Liberalization, by Nicholas Rosen 6. Dollarization, by Tyler Maroney Sidebar: Ecuador and the Dollar, by Nicholas Rosen 7. Derivatives, by Randall Dodd Sidebar: How Derivatives Markets Work, by Randall Dodd 8. Hedge Funds, by Amer Bisat Part 2. Banking and Macroeconomics 9. Banking Crises: Causes and Solutions, by Anya Schiffrin Sidebar: Indonesia-a banking crisis, by Grainne McCarthy 10. Sovereign Debt Crises, by Suzanne Miller 11. Debt Relief and HIPC, by Gumisai Mutume Sidebar: HIPC in Zambia, by Shantha Bloemen 12. Assessing Sovereign Risk, by Graciana del Castillo 13. Pension Reform, by Phillip Longman Sidebar: Russian Pension Reform, by Sergei Blagov Part 3. Corporate Reporting 14. Foreign Direct Investment, by Dan DeLuca Sidebar: Poland, by Dan Deluca 15. Privatization, by Deidre Sheehan Sidebar: Breaking the Bank-Banking Privatization in the Czech Republic, by Peter S. Green 16. Corporate Governance, by Howard I. Golden 17. Labor, by Kristin Huckshorn Sidebar: Nike and Vietnam-a Labor Case Study, by Kristin Huckshorn Sidebar: Codes of Conduct and the Rise of Corporate Responsibility, by Mila Rosenthal 18. Accounting, by Jane M. Folpe and Herbert K. Folpe 19. Money Laundering, by David Marchant Part 4. Trade and Commodities 20. International Trade, by Nicholas Rosen and Helen Campbell Sidebar: Cambodia-an Attempt to Improve Working Conditions, by Sheridan Prasso 21. Commodities Markets, by Vincent Nwanma 22. Oil and Development, by Petter Norre Sidebar: Rent and Profit, by David Nissen 23. Poverty Reduction, by Isabel Ortiz Part 5. Reporting and Writing 24. Covering the World Bank, by Abid Aslam 25. Internet Reporting, by Jane M. Folpe 26. Writing Tips, by Graham Watts List of Contributors Index

This is an impressive work. -- James Boylan Columbia Journalism Review Schiffrin, a Columbia University professor, and Bisat, a hedge-fund manager, have pulled together an excellent primer. Though aimed at financial journalists, it's jsut as helpful for investors and lay readers. Barron's Here's a book with a spine that belongs in every reporter's library. BAT.com The flow of ideas... is smooth and the description easy to follow. -- Tsan-Kuo Chang Journalism Studies