International Financial Reference Translation Series: Financial Integration and Global Politics

Author: Lewis
Publisher:
Publish Date: 2001-09-01
Features: Financial integration is an inevitable trend, yet people also harbor concerns. This book draws on extensive literature on the evolution of international financial organizations, exploring the historical and future success and failure paths of these organizations in the contradictory relationship between financial integration and global politics. The author points out that in countries such as France, Canada, Russia, and Mexico, when national policies diverge from the expectations of the International Monetary Fund (IMF), people's normal lives are severely disrupted, and the government's authority is tested. This arises from 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 most countries cannot avoid them.