"Over a 15-year period, problems in the emerging markets worked their way to the heart of the international system. Mexico, Thailand, Indonesia, South Korea, Brazil, Russia and Argentina were all warning signs that unchaining global finance would eventually prove costly to the rich developed countries as well. Unfortunately, the warning signs were ignored."
(The Guardian.)
In the passage above, is "unchaining" a verb, an ing-form, with its object "global finance" or is it an adjective modifying the noun phrase "unchaining global finance"?
tkacka15 unchaining global finance would eventually prove costly 'Unchaining' is a verb form heading a non-finite clause; the clause is a noun clause, the subject of 'would prove'.
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tkacka15unchaining global finance would eventually prove costly
'Unchaining' is a verb form heading a non-finite clause; the clause is a noun clause, the subject of 'would prove'.