Global Capital and National Governments |
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| Author:
| Mosley, Layna |
| Contribution by:
| Bates, Robert H.
Comisso, Ellen
Lange, Peter
Migdal, Joel
Milner, Helen |
| Series title: | Cambridge Studies in Comparative Politics Ser. |
| ISBN: | 978-0-521-52162-8 |
| Publication Date: | Feb 2003 |
| Publisher: | Cambridge University Press
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| Book Format: | Paperback |
| List Price: | USD $41.99 |
Book Description:
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This book examines the degree to which international financial markets affect governments' policy choices, providing empirical evidence about whether financial globalization creates pressures on governments of developed and developing nations to pursue similar policies and to reduce spending on social policies. The book suggests that financial globalization does not mean a "race to the bottom" among governments, especially in developed nations. The book deploys several types of...
More DescriptionThis book examines the degree to which international financial markets affect governments' policy choices, providing empirical evidence about whether financial globalization creates pressures on governments of developed and developing nations to pursue similar policies and to reduce spending on social policies. The book suggests that financial globalization does not mean a "race to the bottom" among governments, especially in developed nations. The book deploys several types of evidence; the most unique are interviews and surveys of investment fund managers. Also, the book uses archival evidence to compare government-financial market relations today with those during the pre-World War I period.