When Things Don't Fall Apart
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...
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| מחבר ראשי: | |
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| פורמט: | Online |
| שפה: | אנגלית |
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The MIT Press
2022
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| נושאים: | |
| גישה מקוונת: | ONIX_20220221_9780262344043_68 |
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אין תגיות, היה/י הראשונ/ה לתייג את הרשומה!
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| _version_ | 1869515075388178432 |
|---|---|
| author | Grabel, Ilene |
| author_browse | Grabel, Ilene |
| author_facet | Grabel, Ilene |
| author_sort | Grabel, Ilene |
| collection | Directory of Open Access Books |
| 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. |
| format | Online |
| id | doab-20.500.12854ir-78548 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | The MIT Press |
| publisherStr | The MIT Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-785482024-03-30T02:53:19Z When Things Don't Fall Apart Grabel, Ilene emerging economies global economy international economics international relations political science financial governance policy multipolarity reform development economics IMF International Monetary Fund neoliberal neoliberalism thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFL Credit and credit institutions thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations::JPSN International institutions thema EDItEUR::1 Place qualifiers::1Q Other geographical groupings: Oceans and seas, historical, political etc::1QF Political, socio-economic, cultural and strategic groupings::1QFE EU (European Union) thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies 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. 2022-02-21T15:11:21Z 2022-02-21T15:11:21Z 2017 book ONIX_20220221_9780262344043_68 9780262344043 9780262037259 https://directory.doabooks.org/handle/20.500.12854/78548 eng The MIT Press image/jpeg n/a https://doi.org/10.7551/mitpress/11073.001.0001 The MIT Press The MIT Press 10.7551/mitpress/11073.001.0001 10.7551/mitpress/11073.001.0001 ae0cf962-f685-4933-93d1-916defa5123d 9780262344043 9780262037259 The MIT Press 400 Cambridge open access |
| spellingShingle | emerging economies global economy international economics international relations political science financial governance policy multipolarity reform development economics IMF International Monetary Fund neoliberal neoliberalism thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFL Credit and credit institutions thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations::JPSN International institutions thema EDItEUR::1 Place qualifiers::1Q Other geographical groupings: Oceans and seas, historical, political etc::1QF Political, socio-economic, cultural and strategic groupings::1QFE EU (European Union) thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies Grabel, Ilene When Things Don't Fall Apart |
| title | When Things Don't Fall Apart |
| title_full | When Things Don't Fall Apart |
| title_fullStr | When Things Don't Fall Apart |
| title_full_unstemmed | When Things Don't Fall Apart |
| title_short | When Things Don't Fall Apart |
| title_sort | when things don t fall apart |
| topic | emerging economies global economy international economics international relations political science financial governance policy multipolarity reform development economics IMF International Monetary Fund neoliberal neoliberalism thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFL Credit and credit institutions thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations::JPSN International institutions thema EDItEUR::1 Place qualifiers::1Q Other geographical groupings: Oceans and seas, historical, political etc::1QF Political, socio-economic, cultural and strategic groupings::1QFE EU (European Union) thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies |
| topic_facet | emerging economies global economy international economics international relations political science financial governance policy multipolarity reform development economics IMF International Monetary Fund neoliberal neoliberalism thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFL Credit and credit institutions thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations::JPSN International institutions thema EDItEUR::1 Place qualifiers::1Q Other geographical groupings: Oceans and seas, historical, political etc::1QF Political, socio-economic, cultural and strategic groupings::1QFE EU (European Union) thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies |
| url | ONIX_20220221_9780262344043_68 |
| work_keys_str_mv | AT grabelilene whenthingsdontfallapart |