000 02840nam a2200217 4500
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020 _a9780192871442
082 _a332.45
_bKAL
100 _aKalinowski, Thomas
_925692
245 _aWhy international cooperation is failing:
_bhow the clash of capitalisms undermines the regulation of finance
260 _aNew York
_bOxford University Press
_c2022
300 _axix, 279 p.
365 _aGBP
_b28.99
500 _aTable of contents: 1:Introduction 2:The Problem in Detail: The Clash of Capitalisms and the Rules of International Finance 3:Finance-Led Capitalism in the US, the Globalization of Finance and the Quest for Global Neoliberal Hegemony 4:Integration-Led Capitalism in the EU, the Rise of Euro Corporatism and the Quest for Regional Stability 5:State-Led Capitalism in East Asia, Export Orientation and the Quest for National Sovereignty 6:Conclusions: Second Image IPE and the International Regulation of Finance [https://global.oup.com/academic/product/why-international-cooperation-is-failing-9780198714729?cc=in&lang=en&#]
520 _aSince the global financial crisis of 2008/09, international cooperation has failed to curb volatile financial markets. Changes in the global rules of finance discussed in the G20 during the last decade remain limited, and it is uncertain whether they are suitable to help mitigate and manage future crises to come. This book offers an alternative to the popular notion that this failure is the result of the 'nature' of the international system, the clash of national egoisms, or lack of leadership. It instead investigates problems of international cooperation by looking at their deeper structural origins in the competition of different models of capitalism. US finance-led, EU integration-led, and East Asian state-led capitalism complement each other globally but have conflicting preferences on how to regulate international finance. This interdependence of capitalist models is relatively stable but also prone to crises caused by volatile financial flows, global economic imbalances, and 'currency wars'. By bringing together approaches from International Political Economy and Comparative Capitalism, this book shows that regulating international finance is not a technocratic exercise of fine-tuning the machinery of international institutions, but rather a political process. International cooperation can only be successful if it goes hand in hand with deep domestic changes in each of these capitalist models. (https://global.oup.com/academic/product/why-international-cooperation-is-failing-9780198714729?cc=in&lang=en&#)
650 _aModels of capitalism
_925693
650 _aGross capital formation
_925694
650 _aMacroeconomic policies
_925695
942 _cBK
_2ddc
999 _c10192
_d10192