Global economic governance

Featured Interviews

War, Plague and Inflation: Is this time different?: An Interview with Dr. Natacha Postel-Vinay
Interviews | May 1, 2023

War, Plague and Inflation: Is this time different?: An Interview with Dr. Natacha Postel-Vinay

World economies are facing a troika of challenges in the form of war (in Ukraine), disease (COVID19) and return of inflation, all of which have led to dampened growth globally. This invites us to ask how new these challenges, individually and as a combination, are, and what lessons we can draw from history? To answer these questions, we take a long-run view from more than 100 years of history to discuss the implications of war, disease, and inflation on our economies. Dr. Natacha Postel-Vinay an expert on the economic history of the Great Depression. Her research focuses on public finance, private finance, and welfare. More specifically, her research looks at the connections between bank risk-taking, banking crises, banking crisis resolution, public debt, and moral hazard, all from a historical perspective.

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The Rise of Sanctions as a Tool of Modern War: An Interview with Nicholas Mulder
Interviews | March 6, 2023

The Rise of Sanctions as a Tool of Modern War: An Interview with Nicholas Mulder

Nicholas Mulder’s new book The Economic Weapon: The Rise of Sanctions as a Tool of Modern War details the history of sanctions, their wartime origins in the economic blockade of the First World War, and their evolution from a deterrent to an actively used tool of modern state warfare. In doing so, it raises and answers important theoretical questions about the limits and contradictions of the interwar liberal international order, state sovereignty, and the legitimacy of a totalising instrument that profoundly and rather devastatingly impacts civilian societies. Through the story of sanctions, the book also offers a fresh perspective on the tragic escalatory spiral of the 1930s—the rise of fascist states but also the Second World War.

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Global Histories of Neoliberalism: An Interview with Quinn Slobodian
Interviews | March 21, 2018

Global Histories of Neoliberalism: An Interview with Quinn Slobodian

Quinn Slobodian reveals how neoliberal thinkers developed a vision of global free trade in goods and capital, though not necessarily people, during the crises of the 1930s and the era of decolonization. In his book, Globalists, he argues that neoliberal thinkers did not oppose the state and prize individualism, but rather sought to use rules to encase the market away from democratic governance. His discussion with us also presented a chance to explore neoliberals' interpretations of the nexus between law and economics as well as current debates over the significance of racism to neoliberal thought. Slobodian explained the role of Central Europe in the global history of neoliberalism and the legacy of the Habsburg Empire for neoliberals' understanding of political economy. Slobodian addressed the critical conflation of neoliberalism, economism, and pretensions to all-knowability in the recent historiography of the "invention of the economy."

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Featured Articles

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Roundtable Panel—Christy Thornton’s Revolution in Development: Mexico and the Governance of the Global Economy
Article | March 17, 2023

Roundtable Panel—Christy Thornton’s Revolution in Development: Mexico and the Governance of the Global Economy

Christy Thornton’s Revolution in Development: Mexico and the Governance of the Global Economy (University of California Press, 2021) places Mexico at the center of histories of international economic governance. In the wake of Mexico’s exclusion from international capital markets following its 1914 default, she argues, Mexican economists and diplomats began to consider the nature of sovereignty, political and economic, and imagine a reconfiguration of international credit-debt relationships in order to foster development. Rather than envision autarky, Mexican leaders pursued a politics of both recognition and redistribution on the international stage from the interwar period to the crafting of the New International Economic Order (NIEO) in the 1970s. Recognition entailed equitable representation in multilateral institutions, while redistribution meant long-term, concessionary lending. According to Thornton, their reckonings with the existing international economic order presaged modernization and dependency theory and reached a climax when President Luis Echeverría Álvarez led the movement to author and pass the Charter of Economic Rights and Duties of States.

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