(continued from front fl ap) $60.00 USA / $72.00 CAN PRAISE FOR Pozuelo- • Provides a holistic view of how innovation in microfi nance and fi nancing for develop- Monfort ment combined with the right economic The Monfort Plan is a fi ve-year, forward- policies and fi nancial instruments could looking plan to eradicate extreme poverty help change the world for the poor THEMONFORT PLAN from the developing world, and details how microfi nance has made a difference in • Contains sweeping and detailed recommen- developing countries. This book proposes “ The Monfort Plan boldly confronts one of the twenty-fi rst century’s most demanding problems: how THE PLAN dations on how to build a new capitalist to improve the living standards of the extremely poor in an effective and sustainable way. The Monfort a new institution, based in the developing paradigm that helps elevate the poor and Plan forces us to look at this dilemma from a different perspective and proposes a new paradigm for world, with the potential to provide basic, improve the human condition its solution. Jaime Pozuelo-Monfort has made an invaluable contribution to this critical dialogue.” free, and universal services in the areas of health care, education, water, and sanitation —John Danilovich, former CEO, Millennium Challenge Corporation, former to the extreme poor worldwide. The Incorporating commentary from some of the The New Architecture of Capitalism top minds in the fi elds of microfi nance and U.S. Ambassador to Brazil and Costa Rica provision of these services will be subject to economic development, The Monfort Plan MONFORT a certain degree of conditionality depending puts this proven method in perspective and “ The Monfort Plan is a provocative plan of action whose objective is no less than a redefi nition of capi- upon factors ranging from problems with reveals how it can make for a better world. talism and eradication of extreme poverty. The Monfort Plan could reverse the patterns of increasing corruption to the country’s legal environment inequality between the nations that curtail opportunities for personal advancement in poor coun- and how these services are delivered to the tries, create political instability, and contribute to high migration. Jaime Pozuelo-Monfort’s ideas are extreme poor. The new institution will be persuasive and may set a new path to bringing prosperity to the extremely poor.” THE established in an international territory based JAIME POZUELO-MONFORT has earned graduate degrees in engineering, business administra- —Branko Milanovic, Lead Economist, Development Research, within a specifi c country in sub-Saharan tion, fi nancial economics, fi nancial engineer- The World Bank Africa and will emerge in 2015. ing, economic development, public adminis- tration, international law and government, “ In this twenty-fi rst century, capitalism must quickly face its greatest challenge: the alleviation of pover- In The Monfort Plan, author Jaime Pozuelo- and public health. He has worked in the ty and the spread of prosperity. Jaime Pozuelo-Monfort understands this deep in his bones. His passion Monfort explores a solution to lessen the technology sector internationally and in the and creativity combine in fl inging down the gauntlet to today’s crisis managers and tomorrow’s leaders.” burden of poverty. In order to do so, he relies fi nancial industry in New York and London. —Raymond W. Baker, Director, on the social sciences to bring about innova- He is a regular contributor to Roubini Global Global Financial Integrity, Center for International Policy tion and forward-looking economic policies Economics, The Huffi ngton Post, and Cinco Dias. MONFORT and fi nancial instruments in the context of a For more information, or to contact Jaime, visit “ The Monfort Plan is a brilliant approach to the needed rethinking of global institutions in order to ad- paradigm shift. This groundbreaking guide http://Monfort.org. dress the major problems facing the world today. It is a challenge to our political leaders to reconcep- presents a multidisciplinary approach to tualize the global economy so as to address the current economic crisis, the dangers of environmental policymaking that combines a range of fi elds degradation, the lack of economic development, and the problems of economic inequality.” in the social sciences, while looking at the history behind the Marshall Plan, the forma- —Michael Intriligator, Professor of Economics, tion of the European Union, and the Bretton Political Science, and Public Policy, UCLA Woods System, in order to identify the six components of the “Axis of Feeble” and to “ Jaime Pozuelo-Monfort’s thinking is very fundamental in the development of mankind. His pragmatic determine how a Marshall Plan for Africa— way of thinking in restructuring the global economy touches people not only in microfi nance but also and the creation of new institutions in the people in general. It helps to alleviate poverty and to empower the unprivileged, unheard, marginal- PLAN developing world—could work. ized, and deprived people of the globe in a sustainable way. His thinking throws a big challenge in the conventional way of solving problems. The present global economic system needs to be changed in We live in a moment of crisis—one in which order to bring global peace.” The New Architecture creative policymaking might prove useful —Shabbir A. Chowdhury, Director of Microfi nance, BRAC when proposing outcomes for a revitalized framework for capitalism to thrive and better of Capitalism serve the world. Page by page, this book: • Walks you through the technicalities of the new architecture of capitalism in a straight- wileyfi nance.com forward manner Jaime Pozuelo-Monfort (continued on back fl ap) P1: a/b P2: c/d QC: e/f T1: g fm JWBT224-Pozuelo February 22, 2010 20:2 Printer: Courier Westford P1: a/b P2: c/d QC: e/f T1: g fm JWBT224-Pozuelo February 22, 2010 20:2 Printer: Courier Westford The Monfort Plan i P1: a/b P2: c/d QC: e/f T1: g fm JWBT224-Pozuelo February 22, 2010 20:2 Printer: Courier Westford Founded in 1807, John Wiley & Sons is the oldest independent publishing com- pany in the United States. With offices in North America, Europe, Australia and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers’ professional and personal knowledge and understanding. The Wiley Finance series contains books written specifically for finance and investment professionals as well as sophisticated individual investors and their fi- nancial advisors. Book topics range from portfolio management to e-commerce, risk management, financial engineering, valuation and financial instrument analysis, as well as much more. For a list of available titles, visit our web site at www.WileyFinance.com. ii P1: a/b P2: c/d QC: e/f T1: g fm JWBT224-Pozuelo February 22, 2010 20:2 Printer: Courier Westford The Monfort Plan The New Architecture of Capitalism JAIME POZUELO-MONFORT John Wiley & Sons, Inc. iii P1: a/b P2: c/d QC: e/f T1: g fm JWBT224-Pozuelo February 22, 2010 20:2 Printer: Courier Westford To the Extreme Poor Copyright C 2010 by Jaime Pozuelo-Monfort. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. 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