"Graeme Snooks argues that we should not be diverted by the so-called East Asian 'meltdown', which is a predictable outcome of global dynamics. Of real concern, however, is that 'hidden crisis' which has been inadvertently engineered by neoliberal economists who dominate the world's financial institutions. They are the global crisis makers, who have convinced governments to abandon strategic leadership and to impose crippling deflationary policies.".

"This endangers the progress of the Western world, by causing a slowdown in economic growth and employment; and its liberty, by causing the frustrated strategists to turn increasingly to the radical right. By again employing the theoretical and empirical work used in his recent books, Professor Snooks shows how the threat to progress and liberty can be overcome."--BOOK JACKET.