The well being of millions of people around the world depends on their access to jobs.
Fuller employment can contribute to political stability and sustainable national development.
Speculative capital seeks a quick killing, usually betting on fluctuations in currency exchanges or other short-term investments. The enormous inflows and rapid withdrawals of speculative capital disrupt and can collapse developing economies. There has been a great deal of discussion in recent years of ways to limit or control speculative capital. One nation, Malaysia, did try capital controls. The authorities may stand vindicated, now that the Malaysian economy has registered a strong turnaround after posting negative growth for five consecutive quarters.