State Institutions, Private Incentives, Global Capital

Business & Finance, Economics, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book State Institutions, Private Incentives, Global Capital by Andrew Carl Sobel, University of Michigan Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Andrew Carl Sobel ISBN: 9780472022922
Publisher: University of Michigan Press Publication: September 23, 2010
Imprint: University of Michigan Press Language: English
Author: Andrew Carl Sobel
ISBN: 9780472022922
Publisher: University of Michigan Press
Publication: September 23, 2010
Imprint: University of Michigan Press
Language: English

The growth of global finance since 1960 constitutes one of the most important transformations in social relations during the twentieth century. Using historical, statistical, and graphical techniques, State Institutions, Private Incentives, and Global Capital examines three important aspects of this phenomenal shift in the international political economy. First, Andrew Sobel explores the reawakening of the international financial markets, mapping their extraordinary transformation since the early 1960s and discussing the role of politics in that metamorphosis. The author then offers a fresh understanding of the systematic differences in access for borrowers in this rapidly transforming and expanding global capital pool. He then demonstrates the influence of political factors in producing differential access to the global capital pool. Showing how the character and stability of a country's political system affects investors's decisions to invest in that country, Sobel breaks new ground in understanding the basis for the frequent admonitions by the World Bank and others that a stable political and legal system are essential for states to attract significant foreign investment.

With the growing debate about the effect of financial interdependence on the ability of states to conduct economic policy and indeed to preserve their independence in the face of unprecedented economic linkages, this book will be of interest to political scientists and economists as well as policy makers concerned with the impact of financial globalization and the causes of differentials in access to capital.

Andrew C. Sobel is Assistant Professor of Political Science and Resident Fellow, Center in Political Economy, Washington University, St. Louis. He is the author of Domestic Choices, International Markets: Dismantling National Barriers and Liberalizing Securities Markets.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The growth of global finance since 1960 constitutes one of the most important transformations in social relations during the twentieth century. Using historical, statistical, and graphical techniques, State Institutions, Private Incentives, and Global Capital examines three important aspects of this phenomenal shift in the international political economy. First, Andrew Sobel explores the reawakening of the international financial markets, mapping their extraordinary transformation since the early 1960s and discussing the role of politics in that metamorphosis. The author then offers a fresh understanding of the systematic differences in access for borrowers in this rapidly transforming and expanding global capital pool. He then demonstrates the influence of political factors in producing differential access to the global capital pool. Showing how the character and stability of a country's political system affects investors's decisions to invest in that country, Sobel breaks new ground in understanding the basis for the frequent admonitions by the World Bank and others that a stable political and legal system are essential for states to attract significant foreign investment.

With the growing debate about the effect of financial interdependence on the ability of states to conduct economic policy and indeed to preserve their independence in the face of unprecedented economic linkages, this book will be of interest to political scientists and economists as well as policy makers concerned with the impact of financial globalization and the causes of differentials in access to capital.

Andrew C. Sobel is Assistant Professor of Political Science and Resident Fellow, Center in Political Economy, Washington University, St. Louis. He is the author of Domestic Choices, International Markets: Dismantling National Barriers and Liberalizing Securities Markets.

More books from University of Michigan Press

Cover of the book Competitiveness Matters by Andrew Carl Sobel
Cover of the book Show Me Your Environment by Andrew Carl Sobel
Cover of the book Suing the Gun Industry by Andrew Carl Sobel
Cover of the book The Xavante in Transition by Andrew Carl Sobel
Cover of the book The Politics of Community Policing by Andrew Carl Sobel
Cover of the book Finding Voice by Andrew Carl Sobel
Cover of the book The Electorate, the Campaign, and the Office by Andrew Carl Sobel
Cover of the book This Gaming Life by Andrew Carl Sobel
Cover of the book The Prism of Race by Andrew Carl Sobel
Cover of the book An Intellectual in Public by Andrew Carl Sobel
Cover of the book Fragments of Development by Andrew Carl Sobel
Cover of the book Floating Palaces of the Great Lakes by Andrew Carl Sobel
Cover of the book Seven Plays of Koffi Kwahulé by Andrew Carl Sobel
Cover of the book Settlers of Unassigned Lands by Andrew Carl Sobel
Cover of the book The Remarkable Rise of Transgender Rights by Andrew Carl Sobel
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy