Why International Cooperation Is Failing: How the Clash of Capitalisms Undermines the Regulation of Finance
Thomas Kalinowski
Sep 2019 · Oxford University Press
Ebook
304
Pages
family_home
Eligible
info
reportRatings and reviews aren’t verified Learn More
About this ebook
Since 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.
About the author
Thomas Kalinowski is a Professor at the Graduate School of International Studies, Ewha Womans University in Seoul, Korea. He holds a PhD in Political Science from Free University Berlin. He teaches International Political Economy, Comparative Political Economy, International Organizations, and Sustainable Development. His recent research has focused on bringing the Comparative Capitalist perspective into the investigation of international cooperation and conflict. His key contribution to the study of Comparative Capitalism has been to help overcome the euro-centric perspective within Comparative Political Economy by systematically including East Asia in the field.
Rate this ebook
Tell us what you think.
Reading information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can listen to audiobooks purchased on Google Play using your computer's web browser.
eReaders and other devices
To read on e-ink devices like Kobo eReaders, you'll need to download a file and transfer it to your device. Follow the detailed Help Center instructions to transfer the files to supported eReaders.
