Making Financial Globalization: How Firms Shape International Regulatory Cooperation (Paperback) (ISBN-13: 9780197761823)

In Making Financial Globalization, Clara Park challenges the conventional wisdom that finance has always been global. Drawing on original datasets of financial trade restrictions and domestic financial regulations in over 100 countries, archival research of international negotiations, and case studies of the US and China, Park details how financial firms used multilateral lobbying strategies to create an international framework for financial service liberalization. As she shows, the powerful coalition across industries and countries exerted considerable pressure on national governments, who had to weigh the costs and benefits of liberalization, and facilitated international negotiations. A novel political-economic explanation for financial globalization, this timely book challenges state-centric views in international relations and emphasizes the interplay of firms and politics as a central factor shaping financial globalization.

Author: Clara Park
ISBN-10: 0197761828
ISBN-13: 9780197761823
Publisher: Oxford University Press
Language: English
Published: 11/12/2024
Pages: 184
Format: Paperback
Weight: 0.57lbs
Size: 9.25h x 6.18w x 0.51d

Review Citation(s):
Choice 05/01/2025