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How to Make Finance a Force for Good

Just as Thomas Piketty offered a sweeping critique and progressive reassessment of capitalism, former World Bank Group chief financial officer Bertrand Badré looks at the destructive role finance played in the global economic crisis of 2007-2008 and offers a bold prescription for making it a force for good. Badré describes how finance can be harnessed to help us solve many of the world´s biggest problems--climate change, poverty, infrastructure rebuilding, and more. As he writes, "When controlled and used intelligently, with benevolence and inventiveness, finance can accomplish great things."

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2019 Independent Publisher Book Awards silver medalist in the Finance/Investment/Economics category.

"Agree or disagree, Bertrand Badré has written a hugely important book on the future of finance. He provides a compelling vision for ethical global finance that makes current political debates seem petty and thoughtless."
-Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University

"Bertrand Badré knows as well as anyone what gave rise to the disenchantment with the world of finance. His aim in this important and provocative book is to point to a new world in which finance is no longer a threat but becomes a handmaiden to order, stability, confidence, growth, and greater equality. It is, as he calls it, ´a cry from the heart´ that, in spite of all the differences among nations and individuals, we are basically in agreement on most of the major challenges we face. The book is both a plea to world leaders in the political and economic realms to unite and a conviction that this is now possible in spite of the rising nationalistic fervor."
-Ezra Suleiman, Professor of Politics and IBM Professor of International Studies, Princeton University

"Bertrand has definitely witnessed the financial crisis from the inside and has drawn important lessons. More importantly, this book shows that things can actually be done, walking the talk rather than just talking the talk."
-Ricardo Ernst, PhD, Baratta Chair in Global Business and Professor of Operations and Global Logistics, McDonough School of Business, Georgetown University

"Creating a world where no one is left behind requires a clear road map. We have the sustainable development goals, and Bertrand explains how the financial system can play a more effective role to help them come alive."
-Paul Polman, CEO, Unilever

"A wake-up call. An expert´s valuable overview of the need to support the nascent revolution in finance to improve lives."
-Sir Ronald Cohen, Chair, Global Social Impact Investment Steering Group, and cofounder of Apax Partners

"This book is a must-read for anyone interested in understanding why finance has become such a powerful force for our times. Can finance save the world? Maybe, but it could also cripple it. Badré´s insights reflect the rare combination of a keen intellect and a wealth of hands-on experience in the world of international finance."
-Masood Ahmed, President, Center for Global Development

"This book is a powerful call to action for global leaders to reinvent the way that the public, private, and social sectors collaborate and describes the important and unexpected role that finance can play in uniting stakeholders across political and socioeconomic boundaries."
-Dominic Barton, Global Managing Partner, McKinsey & Company

"Finance can do a lot of bad. But it can also do a lot of good. Bertrand Badré´s book shows concretely how, with a focus on public-private partnerships, and the specific role of multinational development banks. This is important, practical, work."
-Olivier Blanchard, Fred Bergsten Senior Fellow, Peterson Institute for International Economics, and Robert Solow Professor Emeritus, Massachusetts Institute of Technology

"Everyone says we need more public investment. Everyone says the public and private sectors must work together. Nobody has told us how-until Badré spelled it out practically and providentially in this book."
-Adam S. Posen, President, Peterson Institute for International Economics

"Colorful, confronting, and compelling! Bertrand Badré presents the case for reshaping the international financial architecture and mobilizing global financial flows as drivers of inclusive growth. This book is a call to action for all of us-as we continue to grapple with the legacies of the global financial crisis. We need fresh thinking and new approaches to make sure globalization works for all and to achieve the ambition of the Paris Agreement, the 2030 Agenda for Sustainable Developmen

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