A Complex Phenomenon

Many transitions to democracies in the Third World have been pro-tracted—evolving over the course of several elections. Although all elections have not been free and fair, however,the repetition of the electoral process even if flawed or manipulated can result in democratization. Citizens endowed with rights—one person, one vote; the right to choose betweencandidates and parties; the freedom of expression and association—build expectations and can develop stakes in the system.

Demystifying A Debacle

The monograph under review is one of many attempts to demystify the recent crisis. The author offers an explanation of the incipient causes of the financial crisis and outlines the sequence of events that flicked the first domino so to speak. The stated purpose of the book is to generate an informed ‘working class’ opinion on the crisis, the response of the US government and other national governments.