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Joseph Schumpeter is not thought of as a theorist of credit-supercharged high-speed growth, but that is what he became in postwar Japan. This new view helps also to explain Japan's bubble, and the global bubbles that have followed it.

This book provide an up-to-date evaluation of the role and function of tax havens in the global financial system-their history, inner workings, impact, extent, and enforcement. They make clear that tax havens have a major impact on the global economy.