Global capital and national governments

Research output: Book/ReportBook

393 Scopus citations


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.

Original languageEnglish (US)
PublisherCambridge University Press
Number of pages382
ISBN (Electronic)9780511615672
ISBN (Print)0521815218, 9780521815215
StatePublished - Jan 1 2003
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • General Social Sciences


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