Johnson professor of international management at harvard business school and the director of harvards davis center for russian and eurasian studies. The construction of global finance rawi abdelal listen to a short interview with rawi abdelal host. The construction of global finance by rawi abdelal. The scholarly literature, following the conventional wisdom, focuses on the role of the united states in promoting capital liberalization. Wilson professor of business administration at the harvard business school rawi abdelal is the author of capital rules 4. Greenberg senior fellow for china studies at the council on foreign relations and the author of. Ferran, legal capital rules under the pressure of the securities marketsthe case for reform, as illustrated by the uk equity markets passim 2000 unpublished manuscript, on file with author. These rules may be called national company law tribunal procedure for reduction of share capital of company rules, 2016 and applicable from 15. Journal of european public policy managed globalization. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. In an intellectual, legal, and political history of financial globalization, rawi abdelal shows that global financial markets were not always.
Rawi abdelal capital rules the construction of global finance. The principles of embedded liberalism 151 chapter 7 the principles of embedded liberalism. Social legitimacy and global capitalism rawi abdelal and john g. France, europe, and capital liberalization rawi abdelal harvard business school abstract why were capital controls orthodox in 1944, but heretical in 1997. Politics and institutions in the regulation of global capital.
His second book, capital rules, explains the evolution of the international financial systems social norms and legal rules. Professor abdelal s primary expertise is international political economy, and his research focuses on the politics of globalization and the political economy of eurasia. Pdf the political economy of global finance capital. In his new book capital rules, professor rawi abdelal charts the intellectual, legal, and political history of financial globalization, and the. Rawi abdelal and adam segal weatherhead center for. In an intellectual, legal, and political history of financial globalization, rawi abdelal shows that global financial markets were not always premised on the idea that capital ought to flow freely across country borders. Contrary to conventional accounts, abdelal argues that european policy makers promoted the liberal rules that compose the international financial architecture, while u.
Unilateral liberalization, bilateral pressure, crisis management, and massive flows of capital in both directions have put the country at the center of global finance. Abdelal, capital rules september 28, 2005 15 markets the public one, the treasury, and the private one, wall street. Nclt procedure for reduction of share capital of company. Main termsvector search result for liberalization of capital 1. Abdelal is now at work on the price of power, a book that explores the relationships among political leadership, statebuilding, foreign investment, and geopolitics in the russian energy sector. I thank nate jensen, walter mattli, rawi abdelal, and david. Bank regulators propose changes to capital rules wsj.
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