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Finance and World Politics: Markets, Regimes and States in the Post-Hegemonic Era (Studies in International Political Economy)
by:Philip G. Cerny
Focusing on the crucial role of finance in the international political economy from an international relations and political science perspective, this book analyzes the economic and political reasons why financial markets have so rapidly become transnational. The book also examines the breakdown of the old system, but chiefly concentrates on the problems...
Focusing on the crucial role of finance in the international political economy from an international relations and political science perspective, this book analyzes the economic and political reasons why financial markets have so rapidly become transnational. The book also examines the breakdown of the old system, but chiefly concentrates on the problems of the new. Who will control international money in this new environment? Is domestic economic policy condemned to an "embedded financial orthodoxy" of long-term austerity punctuated by financial bubbles and panics? The contributors argue that as a result of these changes, the possibility of any state exercising overall dominance and control, or hegemony, in the future has become negligible.
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