ENGLISH

The Politics of the New International Financial Architecture: Reimposing Neoliberal Domination in the Global South

By Susanne Soederberg

Book information

Year
2005
ISBN
1842773798, 9781842773796
LCC
HG3881 .S5557 2004
Open Library ID
OL17745289M
Language
english
Format
PDF
Filesize
6 MB (6773871 bytes)
Pages
224\122
Topic
Economy
Time added
2011-06-04 13:46:07

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? And, will it really work? The author argues 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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