Global Capital and National Governments

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
Publisher: Cambridge University Press
Published: 02/03/2003
Pages: 402
Binding Type: Paperback
Weight: 1.20lbs
Size: 9.14h x 6.00w x 0.99d
ISBN: 9780521521628

About the Author
Mosley, Layna: - Layna Mosley is Assistant Professor in the Department of Political Science at the University of North Carolina. From 1999 to 2004, she was a member of faculty at the University of Notre Dame.

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