Leonard Seabrooke argues that they key to understanding 'change' in international finance in the last forty years rests with US structural power. He demonstrates for the reader how structural power draws from embedded state-societal relations and how the US promotion of 'direct financing' has encouraged Britain, Japan, and Germany to 'catch-up' to US-led innovations. In drawing considerably on multidisciplinary insight, the book will benefit all those who wish to understand more about 'change' in the international political economy.

Leonard Seabrooke has written a most impressive book, not only for its extraordinary scope of empirical research on an important and timely topic - the sources of international finance - but for the adeptness with which the author breaks down the archaic divide between International Relations, Sociology and State Theory. Accordingly, I can unreservedly recommend it to all students and scholars who are interested in a wider approach to understanding the contemporary world political economy to that found in mainstream IR approaches.' - John M. Hobson, University of Sydney

Autorentext

LEONARD SEABROOKE works in Government and International Relations, School of Economics and Political Science, at the University of Sydney, and has taught international political economy at the School of Political and International Studies, Flinders University. He is currently researching a comparative historical analysis of the sources of international financial power in the late-nineteenth and late-twentieth centuries.

Inhalt
List of Tables List of Figures Preface List of Abbreviations The Political Economy of Direct Financing State Capacity and Finance in IPE 1960-68: From Orthodoxy to Heresy 1969-81: The Privileges of Uncertainty 1982-91: Indebted Innovation 1992-200: Crises and Consumer Credit Conclusion: The Victory of Dividends and the Dividends of Victory Notes Select Bibliography List of IPE and Related Websites Index