From Financial Meltdown to a New Global Economic Order: Why the Global South Must Capitalize on Its Membership in G20 and Other Trans-continental Cooperation Arrangements

The book examines the causes, course, and repercussions of the 2008 global financial crisis. Chapter one examines the root causes of the 2008-2009 global financial crisis, course it has taken, in the US and the Global economy. Chapter two examines the impact of the US financial crisis, which culminated into a fully fledged financial crisis and is in part to blame for the ongoing European debt and economic crisis, on US socioeconomic and politics. Chapter three presents an in-depth look at securitization, highlighting how a mix of financial liberalization amid lax financial supervision and regulation, contributed much to aggravating the impact of the 2008-2009 financial crisis. Chapter four looks at the reverberations of the global financial crisis on the global economic and political order, reflected in the emerging global economic and political order and international relations, with special emphasis on Opportunities and Challenges in Revitalizing Asia-Africa Cooperation. Chapter five takes a closer look at the opportunities and challenges for cooperation and collaboration between ASIA and African Nations within an emerging global economic and political order.