
When Things Don't Fall Apart
Global Financial Governance and Developmental Finance in an Age of Productive Incoherence
Ilene Grabel(Author)
MIT Press
Published on 12. January 2018
Book
Hardback
400 pages
978-0-262-03725-9 (ISBN)
Description
An account of the significant though gradual, uneven, disconnected, ad hoc, and pragmatic innovations in global financial governance and developmental finance induced by the global financial crisis.In When Things Don't Fall Apart, Ilene Grabel challenges the dominant view that the global financial crisis had little effect on global financial governance and developmental finance. Most observers discount all but grand, systemic ruptures in institutions and policy. Grabel argues instead that the global crisis induced inconsistent and ad hoc discontinuities in global financial governance and developmental finance that are now having profound effects on emerging market and developing economies. Grabel's chief normative claim is that the resulting incoherence in global financial governance is productive rather than debilitating. In the age of productive incoherence, a more complex, dense, fragmented, and pluripolar form of global financial governance is expanding possibilities for policy and institutional experimentation, policy space for economic and human development, financial stability and resilience, and financial inclusion. Grabel draws on key theoretical commitments of Albert Hirschman to cement the case for the productivity of incoherence. Inspired by Hirschman, Grabel demonstrates that meaningful change often emerges from disconnected, erratic, experimental, and inconsistent adjustments in institutions and policies as actors pragmatically manage in an evolving world. Grabel substantiates her claims with empirically rich case studies that explore the effects of recent crises on networks of financial governance (such as the G-20); transformations within the IMF; institutional innovations in liquidity support and project finance from the national to the transregional levels; and the "rebranding" of capital controls. Grabel concludes with a careful examination of the opportunities and risks associated with the evolutionary transformations underway.
More details
Series
Language
English
Place of publication
Cambridge
United States
Publishing group
MIT Press Ltd
Target group
Professional and scholarly
US School Grade: College Graduate Student and over
Product notice
Cloth over boards
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 25 mm
ISBN-13
978-0-262-03725-9 (9780262037259)
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Ilene Grabel
When Things Don't Fall Apart
Global Financial Governance and Developmental Finance in an Age of Productive Incoherence
Book
08/2019
MIT Press
€27.00
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Ilene Grabel
When Things Don't Fall Apart
Global Financial Governance and Developmental Finance in an Age of Productive Incoherence
E-Book
01/2018
MIT Press
€27.49
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Persons
Author
University of Denver
Foreword
Rafiq Hariri Professor of International Political EconomyHarvard University