The politics of the new international financial architecture : reimposing neoliberal domination in the global south

Bibliographic Information

The politics of the new international financial architecture : reimposing neoliberal domination in the global south

Susanne Soederberg

Zed Books, c2004

  • : Hb
  • : Pb

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Note

Includes bibliographical references (p. [204]-219) and index

Description and Table of Contents

Volume

: Hb ISBN 9781842773789

Description

Recent years have witnessed a veritable epidemic of financial crises - from Mexico, through South East Asia, Russia, Brazil and now Argentina. The rich industrial countries, led by the United States, have had to respond. This book examines the G7‘s attempts over the past decade to re-establish rules and a degree of order in the world financial system through the creation of the Financial Stability Forum and the G20, which they are calling the New International Financial Architecture. Susanne Soederberg asks: · Why has the New International Financial Architecture emerged? · At whose initiative? · What does it involve? · What are the underlying power relations? · Who is benefiting? · Will it really work? The author argues, however, that this tinkering with the capitalist system will not achieve either sustained economic growth or stability in financial markets, let alone enhance the capability of developing countries to tackle the problems of mass poverty and social injustice.

Table of Contents

1. Transcending the 'Common Sense' of the New International Financial Architecture 2. The Mexican Peso Crisis and the Foundations of the New International Financial Architecture 3. The New International Financial Architecture: A New Procrustean Bed for the South? 4. Unravelling Washington's Judgement Calls: The Cases of the Chilean and Malaysian Capital Controls 5. Deconstructing the New International Standard of Corporate Governance: An Emerging Disciplinary Strategy for the South? 6. Linkages between the New International Financial Architecture and the Emerging Development Architecture: The Case of the Monterrey Consensus
Volume

: Pb ISBN 9781842773796

Description

Recent years have witnessed a veritable epidemic of financial crises - from Mexico, through South East Asia, Russia, Brazil and now Argentina. The rich industrial countries, led by the United States, have had to respond. This book examines the G7's attempts over the past decade to re-establish rules and a degree of order in the world financial system through the creation of the Financial Stability Forum and the G20, which they are calling the New International Financial Architecture. Susanne Soederberg asks: * Why has the New International Financial Architecture emerged? * At whose initiative? * What does it involve? * What are the underlying power relations? * Who is benefiting? * Will it really work? The author argues, however, that this tinkering with the capitalist system will not achieve either sustained economic growth or stability in financial markets, let alone enhance the capability of developing countries to tackle the problems of mass poverty and social injustice.

Table of Contents

1. Transcending the 'Common Sense' of the New International Financial Architecture 2. The Mexican Peso Crisis and the Foundations of the New International Financial Architecture 3. The New International Financial Architecture: A New Procrustean Bed for the South? 4. Unravelling Washington's Judgement Calls: The Cases of the Chilean and Malaysian Capital Controls 5. Deconstructing the New International Standard of Corporate Governance: An Emerging Disciplinary Strategy for the South? 6. Linkages between the New International Financial Architecture and the Emerging Development Architecture: The Case of the Monterrey Consensus

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