Global Capital and National Governments
Editorial Reviews
Review
'The book is a very interesting empirical case-study ... well structured ... offers a rare and highly relevant insight into the thinking and judgments of institutional investors ... Mosley offers considerable empirical depth and goes beyond the generalizations often employed in other studies within the wider discourse of how globalization has affected national policy autonomy. She offers an important contribution to the growing literature on how domestic economies interact with the wider global economy and how these two arenas influence each other at different points in time.' International Affairs
Book Description
This book examines the degree to which international financial markets affect governments' policy choices. It provides empirical evidence as to 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 lead to a "race to the bottom" among governments, especially in developed nations. It deploys several types of evidence; the most unique are interviews and surveys of investment fund managers. It also compares contemporary government-financial market relations to those prior to World War I.
Global Capital and National Governments
Global Capital and National Governments,Layna Mosley,Cambridge University Press,0521521629,Capital market,Economic Conditions,Finance,General,Government policy,International Relations - General,International finance,Political Science,Politics / Current Events,Politics/International Relations,Political Science / General,Political economy
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