Louis W. Pauly

Who Elected the Bankers? (eBook, PDF)

Surveillance and Control in the World Economy

• Format: PDF

Produktbeschreibung

A former banker and staff member of the International Monetary Fund, Louis W. Pauly explains why people are deeply concerned about the emergence of a global economy and the increasingly integrated capital markets at its heart. In nations as diverse as France, Canada, Russia, and Mexico, the lives of citizens are disrupted when national policy falls out of line with the expectations of international financiers. Such dilemmas, ever more conspicuous around the world, arise from the disjuncture between a rapidly changing international economic system and a political order still constituted by sovereign states.

The evolution of global capital markets inspires an understandable fear among people that the governing authorities accountable to them are losing the power to make substantive decisions affecting their own material prospects and those of their children. Pauly points out that today's capital markets resulted from decisions taken over many years by sovereign states, and particularly by the leading industrial democracies, who simultaneously crafted the instrument of multilateral economic surveillance. The effort to build adequate political foundations for global capital markets spans the twentieth century and links the histories of such institutions as the League of Nations, the International Monetary Fund, the European Union, and the Group of Seven.

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Produktdetails

• Verlag: Cornell University Press
• Seitenzahl: 200
• Erscheinungstermin: 5. September 2018
• Englisch
• ISBN-13: 9781501732294
• Artikelnr.: 64070464

Autorenporträt

Louis W. Pauly is Professor of Political Science and Director of the Centre for International Studies at the University of Toronto. He is the coeditor of Governing the World's Money and the author of Opening Financial Markets: Banking Politics on the Pacific Rim, both from Cornell, and coauthor or coeditor of several other books, including Complex Sovereignty.

Inhaltsangabe

1. Global Markets and National Politics2. The Political Economy of
International Capital Mobility3. The League of Nations and Roots of
Multilateral Oversight4. The Transformation of Economic Oversight in the
League5. Global Aspirations and the Early International Monetary Fund6. The
Reinvention of Multilateral Economic Surveillance7. The Political
Foundations of Global MarketsNotes
Selected Bibliography
Index