The Politics of the New International Financial Architecture: Reimposing Neoliberal Domination in the Global South

Abstract

* List of Tables * Abbreviations * 1. Transcending the 'Common Sense' of the New International Financial Architecture * Unexplored Areas of the New Building / The United States and Free Capital Mobility / The Crisis of Global Capitalism and the Dollar Wall Street Regime / The Dollar Wall Street Regime, Open Capital Accounts, and the South: An Unsustainable Trinity? / The Argument Restated / Outline of the Book * 2. The Mexican Peso Crisis and the Foundations of the New International Financial Architecture * The Old International Financial Architecture /The Demise of Mexico's ISI / The First Wave of Neoliberalism: The de la Madrid Sexenio / The Second Wave of Neoliberalism: Continental Rationalization / The Peso Crisis / The Initial Response from Washington / The IMF as 'Crisis Manager': Freezing Contradictions * 3. The New International Financial Architecture: A New Procrustean Bed for the South? * Contesting the Consensus: The Crisis of Authority of US Structural Power / Freezing Contradictions: The Anatomy of Imposed American Leadership / The Continuing Contradictions of Imposed Leadership / A Procrustean Bed for the South? / The Contradictions of Imposed Leadership Revisited * 4. Unravelling Washington's Judgement Calls: The Cases of the Chilean and Malaysian Capital Controls * The Epicentre of Structural Power in the Global Political Economy / Contradictions of Free Capital Mobility: A View from the South / Washington Strikes Back / Chilean Capital Control 1991-1998 / The Malaysian Capital Control 1998-1999 / Continuing Instability for Emerging Markets? * 5. Deconstructing the New International Standard of Corporate Governance: An Emerging Disciplinary Strategy for the South? * The East Asian Debacle as Threat and Opportunity: The Origins of Standardizing Corporate Governance / The New International Disciplinary Landscape of Standardizing Standards and Codes / Constructing Common Values in the South / The Political Economy of Dominance: Institutional Investors/ Neoliberal Discipline Beyond Corporate Governance * 6. Linkages between the New International Financial Architecture and the Emerging Development Architecture: The Case of the Monterrey Consensus * The Washington Consensus and the Crisis of Capitalism / Neoliberalism under Fire: New Threats and Opportunities / Old Wine in a New Bottle: Recasting Neoliberal Domination / A Critical Assessment of Trade and Financial Liberalization as Tools of Development / The Excluded Debate: The Case of the Sovereign Debt Restructuring Mechanism / Financing for Whose Development?/The Linkages Revealed * References * Index