Uncontrolled flow of funds

During 1998, the world has learned that "hot money" can flow out of a country instantaneously. The result has been a ricocheting financial crisis that has devastated lives around the world. Financial volatility is bringing massive economic breakdown, insecurity, increased poverty, unemployment and dislocation, assaults on environmental and labor conditions, loss of wilderness and biodiversity, massive population shifts, increased ethnic and racial tensions, and international conflict.