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Global Politics and Financial Governance R. Germain

Global Politics and Financial Governance By R. Germain

Global Politics and Financial Governance by R. Germain


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Summary

The financial crisis prompted many to ask how financial systems from America and Iceland to Russia and Hungary could have been so misgoverned that their near collapse plunged the entire world into recession. Randall Germain assesses what needs to be done, and by whom, to avoid a repetition of what he calls the 'great freeze'.

Global Politics and Financial Governance Summary

Global Politics and Financial Governance by R. Germain

The financial crisis prompted many to ask how financial systems from America and Iceland to Russia and Hungary could have been so misgoverned that their near collapse plunged the entire world into recession. Randall Germain assesses what needs to be done, and by whom, to avoid a repetition of what he calls the 'great freeze'.

Global Politics and Financial Governance Reviews

'Up-to-date and admirably accessible, I enthusiastically recommend this text for students as well as for specialists, policy-makers and market participants who, whether or not they agree with the author's conclusions, will find their current dilemmas, challenges, and opportunities exceptionally well illuminated.' - Louis W. Pauly, University of Toronto, Canada 'A thoughtful, incisive assessment of what went wrong and how to fix it - and a timely and erudite contribution to rethinking the future of international finance.' - Jonathan Kirshner, Cornell University 'Only the bold make predictions in the social sciences, especially about the future. Randall Germain predicts a deglobalized and deliberalized future for finance where national imperatives trump internationalizing forces. As developing states enter the system with renewed vigor in the wake of the 2008 crisis, and the centrality of the US and the EU to the global system diminishes as this century progresses, we shall see if Germain's excellent historical analysis of past developments translates into clear foresight about our shared financial futures. My bet is that it probably will.' - Mark Blyth, Brown University

About R. Germain

RANDALL GERMAIN is Professor and Chair of the Department of Political Science, Carleton University, Canada. He is author of The International Organization of Credit, editor of Globalization and Its Critics: Perspectives from Political Economy (Palgrave Macmillan, 1999) and co-editor of The Idea of Global Civil Society: Politics and Ethics in a Globalizing Era.

Table of Contents

Preface and Acknowledgments.- Financial Governance and the State.- Forging Financial Governance.- Extending Financial Governance.- Financial Governance and the Great Freeze.- Global Politics and Financial Governance.- Power and Governance in the Global Financial System.- Conclusion: Global Governance and National Responsibility.- Guide to Further Reading.- Select Chronology of Financial Crises and Collapses.

Additional information

NLS9780230278431
9780230278431
0230278434
Global Politics and Financial Governance by R. Germain
New
Paperback
Bloomsbury Publishing PLC
2010-11-22
240
Short-listed for IPEG Book Prize 2011
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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Customer Reviews - Global Politics and Financial Governance