Global Capital and National Governments (Hardcover) (ISBN-13: 9780521815215)

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.

Author: Layna Mosley
ISBN-10: 0521815215
ISBN-13: 9780521815215
Publisher: Cambridge University Press
Language: English
Published: 02/03/2003
Pages: 402
Format: Hardcover
Weight: 1.45lbs
Size: 9.10h x 6.10w x 1.20d