Download e-book for kindle: Discipline in the Global Economy?: International Finance and by Jakob Vestergaard

By Jakob Vestergaard

In Discipline within the international Economy, Jakob Vestergaard investigates the at the moment triumphing legislation of overseas finance, introduced in accordance with the monetary crises of the 1990’s. on the center of this technique is a collection of criteria of ‘best practice’, starting from banking supervision to company governance. Vestergaard argues that even though those criteria are offered as ‘international’, they contain a norm for the ‘proper’ association and legislation of economies that's in detail relating to the Anglo-American version of capitalism. With this method of the rules of foreign finance, prior deregulation regulations have been changed by way of a finished process for the worldwide disciplining of economies. this can be a amazing, if now not paradoxical, incidence in what's allegedly the heyday of neoliberalism and ‘free industry economy’. in addition, this mode of foreign monetary legislation has proved useless, if now not counter-productive, when it comes to its aim to augment the soundness and resilience of the foreign economic system. in basic terms via forsaking ‘laissez-fairy stories’ approximately liberalism may perhaps we commence to appreciate our current difficulty– and open an area for severe considering on modes of foreign financial governance which are while extra conducive to monetary balance and extra in accordance with the ethos of liberalism.

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Discipline in the Global Economy?: International Finance and the End of Liberalism (New Political Economy) by Jakob Vestergaard


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