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612-822-4611
Making Financial Globalization: How Firms Shape International Regulatory Cooperation

Making Financial Globalization: How Firms Shape International Regulatory Cooperation

Paperback

Investing & FinanceGeneral Political ScienceInternational Relations

ISBN10: 0197761828
ISBN13: 9780197761823
Publisher: Oxford University Press
Published: Nov 12 2024
Pages: 184
Weight: 0.57
Height: 0.51 Width: 6.18 Depth: 9.25
Language: English
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.

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Investing & Finance