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Author: Eric Helleiner Publisher: Cornell University Press ISBN: 1501701983 Category : Political Science Languages : en Pages : 257
Book Description
Most accounts explain the postwar globalization of financial markets as a product of unstoppable technological and market forces. Drawing on extensive historical research, Eric Helleiner provides the first comprehensive political history of the phenomenon, one that details and explains the central role played by states in permitting and encouraging financial globalization. Helleiner begins by highlighting the commitment of advanced industrial states to a restrictive international financial order at the 1944 Bretton Woods conference and during the early postwar years. He then explains the growing political support for the globalization of financial markets after the late 1950s by analyzing five sets of episodes: the creation of the Euromarket in the 1960s, the rejection in the early 1970s of proposals to reregulate global financial markets, four aborted initiatives in the late 1970s and early 1980s to implement effective controls on financial movements, the extensive liberalization of capital controls in the 1980s, and the containment of international financial crises at three critical junctures in the 1970s and 1980s. He shows that these developments resulted from various factors, including the unique hegemonic interests of the United States and Britain in finance, a competitive deregulation dynamic, ideological shifts, and the construction of a crisis-prevention regime among leading central bankers. In his conclusion Helleiner addresses the question of why states have increasingly embraced an open, liberal international financial order in an era of considerable trade protectionism.
Author: Eric Helleiner Publisher: Cornell University Press ISBN: 1501701983 Category : Political Science Languages : en Pages : 257
Book Description
Most accounts explain the postwar globalization of financial markets as a product of unstoppable technological and market forces. Drawing on extensive historical research, Eric Helleiner provides the first comprehensive political history of the phenomenon, one that details and explains the central role played by states in permitting and encouraging financial globalization. Helleiner begins by highlighting the commitment of advanced industrial states to a restrictive international financial order at the 1944 Bretton Woods conference and during the early postwar years. He then explains the growing political support for the globalization of financial markets after the late 1950s by analyzing five sets of episodes: the creation of the Euromarket in the 1960s, the rejection in the early 1970s of proposals to reregulate global financial markets, four aborted initiatives in the late 1970s and early 1980s to implement effective controls on financial movements, the extensive liberalization of capital controls in the 1980s, and the containment of international financial crises at three critical junctures in the 1970s and 1980s. He shows that these developments resulted from various factors, including the unique hegemonic interests of the United States and Britain in finance, a competitive deregulation dynamic, ideological shifts, and the construction of a crisis-prevention regime among leading central bankers. In his conclusion Helleiner addresses the question of why states have increasingly embraced an open, liberal international financial order in an era of considerable trade protectionism.
Author: G. Burn Publisher: Springer ISBN: 0230501591 Category : Business & Economics Languages : en Pages : 243
Book Description
Gary Burn examines how in 1950s London, City bankers invented a new form of money and escaped offshore, beyond the jurisdiction of monetary authority. This is the story of the Eurodollar and the re-emergence of global capital. It tells how the City discarded sterling and reclaimed its historic role as the world's foremost financial centre.
Author: Richard H. Friman Publisher: Rowman & Littlefield Publishers ISBN: 1461644461 Category : Business & Economics Languages : en Pages : 217
Book Description
Illicit cross-border flows, such as the smuggling of drugs, migrants, weapons, toxic waste, and dirty money, are proliferating on a global scale. This underexplored, clandestine side of globalization has emerged as an increasingly important source of conflict and cooperation among nation-states, state agents, nonstate actors, and international organizations. Contrary to scholars and policymakers who claim a general erosion of state power in the face of globalization, this pathbreaking volume of original essays explores the selective nature of the stateOs retreat, persistence, and reassertion in relation to the illicit global economy. It fills a gap in the international political economy literature and offers a new and powerful lens through which to examine core issues of concern to international relations scholars: the changing nature of states and markets, the impact of globalization across place and issue areas, and the sources of cooperation and conflict.
Author: Peter Fairbrother Publisher: Routledge ISBN: 1134186452 Category : Business & Economics Languages : en Pages : 177
Book Description
With contributions from leading researchers in the field, this new book incorporates major studies from four countries, to challenge our pre-conceptions about globalization, the state, and the organization of labour.
Author: Igor O. Logvinenko Publisher: Cornell University Press ISBN: 1501759620 Category : Political Science Languages : en Pages : 247
Book Description
Exploring Russia's reentry into global capital markets at the dawn of the twenty-first century, Global Finance, Local Control shows how economic integration became deeply entangled with a bare-knuckled struggle for control over the vestiges of the Soviet empire. Igor Logvinenko reveals how the post-communist Russian economy became a full-fledged participant in the international financial sector without significantly improving the local rule of law. By the end of Vladimir Putin's second presidential term, Russia was more integrated into the global financial system than at any point in the past. However, the country's longstanding deficiencies—including widespread corruption, administration of justice, and an increasingly overbearing state—continued unabated. Scrutinizing stock-market restrictions on foreign ownership during the first fifteen years of Russia's economic transition, Logvinenko concludes that financial internationalization allowed local elites to raise capital from foreign investors while maintaining control over local assets. They legitimized their wealth using Western institutions, but they did so on their terms. Global Finance, Local Control delivers a somber lesson about the integration of emerging markets: without strong domestic rule-of-law protections, financial internationalization entrenches oligarchic capitalism and strengthens authoritarian regimes.
Author: Amrita Narlikar Publisher: OUP Oxford ISBN: 0191628441 Category : Political Science Languages : en Pages : 880
Book Description
The Oxford Handbook on the World Trade Organization provides an authoritative and cutting-edge account of the World Trade Organization. Its purpose is to provide a holistic understanding of what the WTO does, how it goes about fulfilling its tasks, its achievements and problems, and how it might contend with some critical challenges. The Handbook benefits from an interdisciplinary approach. The editorial team comprises a transatlantic partnership between a political scientist, a historian, and an economist. The distinguished and international team of contributors to the volume includes leading political scientists, historians, economists, lawyers, and practitioners working in the area of multilateral trade. All the chapters present original and state-of-the-art research material. They critically engage with existing academic and policy debates, and also contribute to the evolution of the field by setting the agenda for current and future WTO studies.The Handbook is aimed at research institutions, university academics, post-graduate students, and final-year undergraduates working in the areas of international organization, trade policy and negotiations, global economic governance, and economic diplomacy. As such, it should find an enthusiastic readership amongst students and scholars in History, Economics, Political Science, International Relations, Public Policy, and Law. Equally important, the book should have direct relevance for diplomats, international bureaucrats, government officials, and other policy-makers and practitioners in the area of trade and economic governance.
Author: Jonathan Kirshner Publisher: Princeton University Press ISBN: 0691186251 Category : Political Science Languages : en Pages : 246
Book Description
In Appeasing Bankers, Jonathan Kirshner shows that bankers dread war--an aversion rooted in pragmatism, not idealism. "Sound money, not war" is hardly a pacifist rallying cry. The financial world values economic stability above all else, and crises and war threaten that stability. States that pursue appeasement when assertiveness--or even conflict--is warranted, Kirshner demonstrates, are often appeasing their own bankers. And these realities are increasingly shaping state strategy in a world of global financial markets. Yet the role of these financial preferences in world politics has been widely misunderstood and underappreciated. Liberal scholars have tended to lump finance together with other commercial groups; theorists of imperialism (including, most famously, Lenin) have misunderstood the preferences of finance; and realist scholars have failed to appreciate how the national interest, and proposals to advance it, are debated and contested by actors within societies. Finance's interest in peace is both pronounced and predictable, regardless of time or place. Bankers, Kirshner shows, have even opposed assertive foreign policies when caution seems to go against their nation's interest (as in interwar France) or their own long-term political interest (as during the Falklands crisis, when British bankers failed to support their ally Margaret Thatcher). Examining these and other cases, including the Spanish-American War, interwar Japan, and the United States during the Cold War, Appeasing Bankers shows that, when faced with the prospect of war or international political crisis, national financial communities favor caution and demonstrate a marked aversion to war.
Author: W. Bonefeld Publisher: Springer ISBN: 0333993799 Category : Political Science Languages : en Pages : 216
Book Description
This work takes a critical view of the debate on globalization and assesses revamped versions of structuralist thought, which underpin much of the globalization discourse. In contrast to conventional views of change, the book emphasizes change as a politics of emancipation.
Author: Peter Chambers Publisher: Routledge ISBN: 1317373987 Category : Law Languages : en Pages : 194
Book Description
What kind of a world is one in which border security is understood as necessary? How is this transforming the shores of politics? And why does this seem to preclude a horizon of political justice for those affected? Border Security responds to these questions through an interdisciplinary exploration of border security, politics and justice. Drawing empirically on the now notorious case of Australia, the book pursues a range of theoretical perspectives – including Foucault’s work on power, the systems theory of Niklas Luhmann and the cybernetic ethics of Heinz Von Foerster – in order to formulate an account of the thoroughly constructed and political nature of border security. Through this detailed and critical engagement, the book’s analysis elicits a political alternative to border security from within its own logic: thus signaling at least the beginnings of a way out of the cost, cruelty and devaluation of life that characterises the enforced reality of the world of border security.
Author: Jin Zhang Publisher: Routledge ISBN: 1351731459 Category : Social Science Languages : en Pages : 316
Book Description
This book brings together leading international scholars and leading scholars from China’s highly prestigious Development Research Centre of the State Council of the People’s Republic of China, who all put forward their insights into the current challenges for the Chinese and the world economy. The book focuses on six topics: economic growth, trade, industry and services, innovation, finance, and environment and ecology, all of which are central to the sustainable economic growth of China and the world. Overall, the book provides balanced perspectives as well as rich empirical evidence from China and other parts of the world on the development and regulation of the Chinese and the world economy.
Author: Eric Helleiner
Author: Eric Helleiner
Author: G. Burn
Author: Richard H. Friman
Author: Peter Fairbrother
Author: Igor O. Logvinenko
Author: Amrita Narlikar
Author: Jonathan Kirshner
Author: W. Bonefeld
Author: Peter Chambers
Author: Jin Zhang