The global financial system is the economic bedrock of the contemporary liberal economic order. Contrary to other global-economy areas, finance is rarely analyzed in discussions on contestations of economic liberalism. However, a quite comprehensive process of external contestation of the global financial order (GFO) is underway. This contestation occurs through the rising share of emerging market economies within global finance in recent years, especially the rise of the BRICS economies. This Element investigates whether and how the BRICS contest the contemporary GFO by conducting a systematic empirical analysis across seven countries, eleven issues areas and three dimensions. This contestation occurs across issue areas but is mostly concentrated on the domestic and transnational dimension, not the international level on which much research focuses. Rather than the entire BRICS, it is especially China, Russia and India that contest liberal finance. This title is also available as Open Access on Cambridge Core.
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1. Introduction; 2. Contestation of the monetary sub-order; 3. Contestation of the finance sub-order; 4. Contestation of the development sub-order; 5. Conclusion; References.
This Element provides the systematic analysis of how the BRICS's rise constitutes a contestation of the liberal global financial order.
Produktdetaljer
ISBN
9781009498753
Publisert
2024-10-17
Utgiver
Cambridge University Press
Vekt
163 gr
Høyde
229 mm
Bredde
152 mm
Dybde
6 mm
Aldersnivå
G, 01
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
102