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Macmillan Higher Education Palgrave Higher Education

Global Politics and Financial Governance

ISBN 9780230278424
Publication Date November 2010
Formats Hardcover Ebook Paperback 
Publisher Palgrave

The financial crisis prompted many to ask how financial systems from America and Iceland to Russia and Hungary could have been so misgoverned that their near collapse plunged the entire world into recession. Randall Germain assesses what needs to be done, and by whom, to avoid a repetition of what he calls the 'great freeze'.

  • Short-listed for the IPEG 2011 Book Prize

RANDALL GERMAIN is Professor and Chair of the Department of Political Science, Carleton University, Canada. He is author of The International Organization of Credit, editor of Globalization and Its Critics: Perspectives from Political Economy (Palgrave Macmillan, 1999) and co-editor of The Idea of Global Civil Society: Politics and Ethics in a Globalizing Era

Preface and Acknowledgments
Financial Governance and the State
Forging Financial Governance
Extending Financial Governance
Financial Governance and the Great Freeze
Global Politics and Financial Governance
Power and Governance in the Global Financial System
Conclusion: Global Governance and National Responsibility
Guide to Further Reading
Select Chronology of Financial Crises and Collapses.


Up-to-date and admirably accessible, I enthusiastically recommend this text for students as well as for specialists, policy-makers and market participants who, whether or not they agree with the author's conclusions, will find their current dilemmas, challenges, and opportunities exceptionally well illuminated.' - Louis W. Pauly, University of Toronto, Canada
'A thoughtful, incisive assessment of what went wrong and how to fix it - and a timely and erudite contribution to rethinking the future of international finance.' - Jonathan Kirshner, Cornell University
'Only the bold make predictions in the social sciences, especially about the future. Randall Germain predicts a deglobalized and deliberalized future for finance where national imperatives trump internationalizing forces. As developing states enter the system with renewed vigor in the wake of the 2008 crisis, and the centrality of the US and the EU to the global system diminishes as this century progresses, we shall see if Germain's excellent historical analysis of past developments translates into clear foresight about our shared financial futures. My bet is that it probably will.' - Mark Blyth, Brown University
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