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The Politics of the New International Financial Architecture - Reimposing Neoliberal Domination in the Global South (Paperback, New)
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The Politics of the New International Financial Architecture - Reimposing Neoliberal Domination in the Global South (Paperback, New)
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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.
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