19 March 2009: Just when many of the world’s poor countries have fought their way back – and started building democracies that work, businesses that grow, exports that sell – a tsunami is swelling up out of the banks of the rich world. But few seem to be noticing.

What’s grabbed our attention is a small elite at the heart of the financial system – a group with such power and impunity that while making billions for themselves, they’ve mortgaged the rest of us.

But whatabout the rest of the world? How will the tidal wave unleashed by the “Masters of the Universe” in Wall Street and in the City of London hit the developing world?

Professor Ngaire Woods investigates this financial tsunami on BBC Radio 4’s Analysis. Read more at the BBC, or listen to Financial Tsunami: