Current inquiries into the political economy of financial policymaking in Malaysia tend to focus on the high-level drama of crisis politics or simply point to the limited impact of post-crisis financial reforms, given that politico-business relations have remained close. In so doing, pundits ignore a number of intriguing questions: what is the relationship between financial development and financialisation and how has it played out in the Malaysian context? And more generally: how can a country like Malaysia become significantly more financially developed, yet fail to emancipate the financial system from political control; a core element of the financial development discourse? To unravel the complexities of this puzzle, this book subjects the history and contemporary practices of financial policymaking in Malaysia to scrutiny. It argues that to understand financial development in Malaysia, its progress and reversals, it is important to conceptualise it as a political, rather than a merely technical process. In so doing, the book echoes a more profound concern in the political economy literature, namely the evolving relationship between states and markets, and the supposed retreat or reassertion of the state at a time of increasing (financial) globalisation. The book can generate further insights into the evolving role of the state with regard to broader processes of development and marketisation, as they relate specifically to finance.

Current inquiries into the political economy of financial policymaking in Malaysia tend to focus on the high-level drama of crisis politics or simply point to the limited impact of post-crisis financial reforms, given that politico-business relations have remained close. In so doing, pundits ignore a number of intriguing questions: what is the relationship between financial development and financialisation and how has it played out in the Malaysian context? And more generally: how can a country like Malaysia become significantly more financially developed, yet fail to emancipate the financial system from political control; a core element of the financial development discourse? To unravel the complexities of this puzzle, this book subjects the history and contemporary practices of financial policymaking in Malaysia to scrutiny. It argues that to understand financial development in Malaysia, its progress and reversals, it is important to conceptualise it as a political, rather than a merely technical process. In so doing, the book echoes a more profound concern in the political economy literature, namely the evolving relationship between states and markets, and the supposed retreat or reassertion of the state at a time of increasing (financial) globalisation. The book can generate further insights into the evolving role of the state with regard to broader processes of development and marketisation, as they relate specifically to finance.

New practices and institutions of global governance are often one of the most enduring consequences of global crises. The contemporary architecture of global governance has been widely criticized for failing to prevent the global financial crisis and Eurozone debt crises, for failing to provide robust international crisis management and leadership, and for failing to generate a consensus around new ideas for regulating markets in the broader public interest. Global Governance in Crisis explores the impact of the global financial crisis of 2008-2009 on the architecture and practice of contemporary global governance, and traces the long-term implications of the crisis for the future of the global order. Combining innovative theoretical approaches with rich empirical cases, the book examines how the impact of the global financial crisis has played out across a range of global governance domains, including development, finance and debt, trade, and security. This book was published as a special issue of Global Society.

In this empirically rich collection of essays, a team of leading international scholars explore the way that economic transformation is sustained and challenged by everyday practices across Southeast Asia. Drawing together a body of interdisciplinary scholarship, the authors explore how the emergence of more marketized forms of economic policy-making in Southeast Asia impacts everyday life. The book's twelve chapters address topics such as domestic migration, trade union politics in Myanmar, mining in the Philippines, halal food in Singapore, Islamic finance in Malaysia, education reform in Indonesia, street vending in Malaysia, regional migration between Malaysia, Indonesia and Cambodia, and Southeast Asian domestic workers in Hong Kong. This collection not only enhances understandings of the everyday political economies at work in specific Southeast Asian sites, but makes a major theoretical contribution to the development of an everyday political economy approach in which perspectives from developing economies and non-Western actors are taken seriously.

In this empirically rich collection of essays, a team of leading international scholars explore the way that economic transformation is sustained and challenged by everyday practices across Southeast Asia. Drawing together a body of interdisciplinary scholarship, the authors explore how the emergence of more marketized forms of economic policy-making in Southeast Asia impacts everyday life. The book's twelve chapters address topics such as domestic migration, trade union politics in Myanmar, mining in the Philippines, halal food in Singapore, Islamic finance in Malaysia, education reform in Indonesia, street vending in Malaysia, regional migration between Malaysia, Indonesia and Cambodia, and Southeast Asian domestic workers in Hong Kong. This collection not only enhances understandings of the everyday political economies at work in specific Southeast Asian sites, but makes a major theoretical contribution to the development of an everyday political economy approach in which perspectives from developing economies and non-Western actors are taken seriously.

New practices and institutions of global governance are often one of the most enduring consequences of global crises. The contemporary architecture of global governance has been widely criticized for failing to prevent the global financial crisis and Eurozone debt crises, for failing to provide robust international crisis management and leadership, and for failing to generate a consensus around new ideas for regulating markets in the broader public interest. Global Governance in Crisis explores the impact of the global financial crisis of 2008-2009 on the architecture and practice of contemporary global governance, and traces the long-term implications of the crisis for the future of the global order. Combining innovative theoretical approaches with rich empirical cases, the book examines how the impact of the global financial crisis has played out across a range of global governance domains, including development, finance and debt, trade, and security. This book was published as a special issue of Global Society.

* Do we work for social media? * Why do we go into debt? * How is desire manufactured in fast fashion? * How are our diets governed? * Who owns what in the sharing economy? I-PEEL: The International Political Economy of Everyday Life provides a new introduction to the field of IPE by locating it in our daily experiences. By using topics such as social media, debt, food, and clothes as thematic entry points, this textbook shows how concepts from IPE can be used to understand and question the world around us. Eight core chapters each start with a discussion of an everyday object or practice linked to that topic, including social media influencing, student debt, chocolate, and fast fashion. From there the chapters open out to discuss broader questions that speak to the core themes of IPE and its study of power, wealth, and global capitalism. Each chapter ends with a pair of learning activities, such as creating your own meme (chapter 8, Humour), to help apply what you have read. These are accompanied by student-voice podcasts, in which current IPE students discuss how they approached the activity. Developed by the creators of the popular teaching tool www.i-peel.org: I-PEEL: The International Political Economy of Everyday Life is a ground-breaking, exciting, and engaging new approach to IPE that places you at the centre of knowledge production. The first edition includes a wealth of embedded digital resources, which are accessible through the enhanced e-book, and are viewable in a university's VLE. The online student resources include: - Videos from the authors introducing the I-PEEL approach - Quickfire quiz questions - Author chapter-introduction podcasts - Reflective multiple-choice questions - Support for tackling the chapter's learning activities - Student reflection podcasts - Web links to relevant blogs, debates, and videos - An interactive flashcard glossary The online digital lecturer resources include: - A guide to the I-PEEL approach - Customisable PowerPoint slides

Banks of all sorts are troubled institutions. The cost of public bail-outs associated with the subprime crisis in the United States alone may be as high as US$5 trillion. What is the problem with banks? Why do they seem to be at the centre of economic and financial turmoil down through the ages? In this provocative and timely book, Rethel and Sinclair seek answers to these questions, arguing that banks suffer from perennial problems, and that developments in the financial markets and government in recent decades have simply exacerbated these issues. The book examines banking activity in America, Asia and Europe, and how specific historical circumstances have transformed banks' behaviour and attitude to risk. While many see government as a constraint on banks, Sinclair and Rethel argue that what governments do in terms of regulation shapes banks and their motivations, as can be seen in the shortcomings of current reform proposals. Instead, more far-reaching, alternative ways of regulating and shaping banks are needed. A concise, essential overview of a pressing global issue.