Financial integration and global politics

Author: Lewis
Publisher:
Publish Date: 2001-09-01
Features: Financial integration is an inevitable trend, yet people also have concerns. This book draws on extensive literature on the evolution of international financial organizations, exploring the success and failure paths of these organizations historically and in the future through the contradictory relationship between financial integration and global politics. The author points out that when national policies in countries such as France, Canada, Russia, and Mexico conflict with the expectations of the International Monetary Fund (IMF), people's normal lives are greatly disrupted, and the authority of the government is tested. This dilemma is precisely caused by the disconnect between the rapidly changing international economic system and the political order of sovereign states. The book argues that true global economic integration remains largely a dream in many aspects, but the "thread connections" of globalization, especially in financial markets, have gradually emerged and are unavoidable for most countries.