Tony Porter - Böcker

Building upon a wide range of literatures, this book argues that international regulatory institutions become stronger when oligopolistic institutional arrangements decay and competitive pressures intensify. This is shown to be the case for global finance by the study of two inter-state institutions - the Basle Committee on Banking Supervision and the International Organization of Securities Commissions, and of the international banking and securities industries which they seek to regulate. There is also the development of the concept of "private" regimes.

Both academic and popular representations of globalization, critical or celebratory, have tended to conceptualize it primarily in spatial terms, rather than simultaneously temporal ones. However, time, in both its ideational and material dimensions, has played an important role in mediating and shaping the directions, courses, and outcomes of globalization. Focusing on the intersection of time and globalization, this book aims to create an interdisciplinary dialogue between the (largely separated) respective literatures on each of these themes. This dialogue will be of both theoretical and empirical significance, since many urgent issues of contemporary human affairs—from large epochal problems such as climate change, to everyday struggles with the dynamics of social acceleration—involve a complex interplay between temporality and globalization. A critical understanding of the relationship between time and globalization will not only facilitate innovative thinking about globalization; it will also foster our imagination of alternatives that may lead to more socially just and sustainable futures. This innovative collection illustrates the theoretical benefits of bridging time with globalization and also exemplifies the methodological strengths of engaging in cutting-edge, interdisciplinary scholarship to better understand the changing economic, social, political, cultural and ecological dynamics in this globalizing world.This book was originally published as a special issue of the journal Globalizations.

This edited volume focuses on the intersection of time and globalization, as manifested across a variety of economic, political, cultural, and environmental contexts. Since David Harvey’s influential characterization of globalization as "time-space compression", ample research has looked at the spatial aspect of the phenomenon, yet few have focused on globalization’s temporal aspects. Meanwhile, other publications have analysed problems of speed, acceleration, and the commodification of time, but while it often serves as the implicit or explicit backdrop for these studies of time, globalization is not investigated as a problem or a question in its own right. In response, this volume develops these conversations to consider how time shapes globalization, and how globalization affects our experience of time.The interplay between varying aspects of the human experiences of time and globalization requires the type of interdisciplinary approach that this volume takes. The contributors advance an understanding of global time(s) as an arena of contestation, with social, political, ecological, and cultural implications for human and other lives. In considering the diverse valences of time and globalization, they illuminate problems as well as possibilities. Topics covered include emerging infectious diseases, temporal sovereignty, worker exploitation and resistance, chronobiology, energy politics, activism and hope, and literary and cinematic representations of counter-temporalities, offering a rich and varied account of global times. This volume will be of great interest to students and researchers from a range of disciplines, including anthropology, cultural studies, globalization, international relations, literary studies, political science, social theory, and sociology.

The role of business in global governance is now widely recognized, but exploration of its role in global financial governance has been more haphazard than systematic. This book provides the first comprehensive analysis of the role of transnational financial associations (TFAs) in the organization of global finance.This book develops three theoretical themes of assemblage, functionality, and power as enrolment. These themes challenge approaches that treat financial power as emanating from a single location or force. Whilst existing approaches tend to treat TFAs as irrelevant or as merely transmitting power originating elsewhere, this book argues that power must be created by painstakingly assembling actors, networks, and objects that are often quite autonomous and working at cross purposes to one another—a process in which TFAs play a central role. The book explores these themes in chapters examining the roles of TFAs in interacting with public authorities, constructing global financial markets, and creating financial communities. The authors additionally analyse the roles of TFAs in the European Union, in the Global South, and in promoting goals other than profitability, including Islamic finance, microfinancing, savings banks and cooperatives. Making a distinctive contribution to our understanding of global finance and global governance, Transnational Financial Associations and the Governance of Global Finance is an important book for students and scholars of international political economy, finance, global governance and international relations.

The role of business in global governance is now widely recognized, but exploration of its role in global financial governance has been more haphazard than systematic. This book provides the first comprehensive analysis of the role of transnational financial associations (TFAs) in the organization of global finance.This book develops three theoretical themes of assemblage, functionality, and power as enrolment. These themes challenge approaches that treat financial power as emanating from a single location or force. Whilst existing approaches tend to treat TFAs as irrelevant or as merely transmitting power originating elsewhere, this book argues that power must be created by painstakingly assembling actors, networks, and objects that are often quite autonomous and working at cross purposes to one another—a process in which TFAs play a central role. The book explores these themes in chapters examining the roles of TFAs in interacting with public authorities, constructing global financial markets, and creating financial communities. The authors additionally analyse the roles of TFAs in the European Union, in the Global South, and in promoting goals other than profitability, including Islamic finance, microfinancing, savings banks and cooperatives. Making a distinctive contribution to our understanding of global finance and global governance, Transnational Financial Associations and the Governance of Global Finance is an important book for students and scholars of international political economy, finance, global governance and international relations.

The global financial crisis that began in 2007 was the most destructive since the 1930s. The rapid spread of the crisis across borders and the complexity of these cross-border linkages highlighted the importance for authorities of working together in responding to the crisis.This book examines the transnational response that relied heavily on a set of relatively informal transnational regulatory groupings that had been constructed over previous decades. During the crisis these arrangements were made stronger and more inclusive, but they remain very complex. Thousands of pages of new rules have been created by various transnational bodies, and the implementation of these rules relies heavily on domestic law and regulation and private rules and practices. This book analyses this complex response, showing that its overly technical and incremental character, the persistence of tensions between transnational processes and state-centred politics, and the ongoing power of private actors, have made the regulatory response fall short of what is needed.Transnational Financial Regulation after the Crisis provides new insights that are relevant for theory and practice, not only for transnational financial regulation, but for global governance more generally.

The global financial crisis that began in 2007 was the most destructive since the 1930s. The rapid spread of the crisis across borders and the complexity of these cross-border linkages highlighted the importance for authorities of working together in responding to the crisis.This book examines the transnational response that relied heavily on a set of relatively informal transnational regulatory groupings that had been constructed over previous decades. During the crisis these arrangements were made stronger and more inclusive, but they remain very complex. Thousands of pages of new rules have been created by various transnational bodies, and the implementation of these rules relies heavily on domestic law and regulation and private rules and practices. This book analyses this complex response, showing that its overly technical and incremental character, the persistence of tensions between transnational processes and state-centred politics, and the ongoing power of private actors, have made the regulatory response fall short of what is needed.Transnational Financial Regulation after the Crisis provides new insights that are relevant for theory and practice, not only for transnational financial regulation, but for global governance more generally.

The globalization of finance is widely recognised as one of the most significant features of the contemporary world. In this timely new book, Tony Porter guides students through current debates about global finance and discusses the extent to which the development of a global marketplace affects our daily lives. He examines the complex networks of public-sector and non-governmental institutions and practices that facilitate the globalization of finance and provide an emerging set of arrangements for regulating it. The book is both comprehensive and innovative, and includes chapters on banking, securities markets, foreign direct investment, private authority, the role of developing and transition countries, global civil society, gender, the politics of risk practices and financial crises, and democracy. Written for students approaching the topic for the first time, this book provides a coherent, empirical and theoretically rigorous introduction to the governance of global finance.

The globalization of finance is widely recognised as one of the most significant features of the contemporary world. In this timely new book, Tony Porter guides students through current debates about global finance and discusses the extent to which the development of a global marketplace affects our daily lives. He examines the complex networks of public-sector and non-governmental institutions and practices that facilitate the globalization of finance and provide an emerging set of arrangements for regulating it. The book is both comprehensive and innovative, and includes chapters on banking, securities markets, foreign direct investment, private authority, the role of developing and transition countries, global civil society, gender, the politics of risk practices and financial crises, and democracy. Written for students approaching the topic for the first time, this book provides a coherent, empirical and theoretically rigorous introduction to the governance of global finance.

Explores in detail the degree to which private sector firms are beginning to replace governments in "governing" some areas of international relations.Governments today are too often unwilling to intervene in global commerce, and international organizations are too often unable to govern effectively. In their place, firms increasingly cooperate internationally to establish the rules and standards of behavior for themselves and for others, taking on the mantle of authority to govern specific issue areas. Are they stepping into the breach to supply needed collective goods? Or are they organizing themselves in order to prevent governments from interfering in their business? This book explores the meaning of this private international authority, both for theory and policy, through case studies of specific industries, associations, and issue areas in both contemporary and historical perspective.[Contributors include Pamela Burke, Lynn Mytelka and Michel Delapierre, Liora Salter, Susan Sell, Timothy Sinclair, Deborah Spar, and Michael Webb.]

Explores in detail the degree to which private sector firms are beginning to replace governments in "governing" some areas of international relations.Governments today are too often unwilling to intervene in global commerce, and international organizations are too often unable to govern effectively. In their place, firms increasingly cooperate internationally to establish the rules and standards of behavior for themselves and for others, taking on the mantle of authority to govern specific issue areas. Are they stepping into the breach to supply needed collective goods? Or are they organizing themselves in order to prevent governments from interfering in their business? This book explores the meaning of this private international authority, both for theory and policy, through case studies of specific industries, associations, and issue areas in both contemporary and historical perspective.[Contributors include Pamela Burke, Lynn Mytelka and Michel Delapierre, Liora Salter, Susan Sell, Timothy Sinclair, Deborah Spar, and Michael Webb.]

Both academic and popular representations of globalization, critical or celebratory, have tended to conceptualize it primarily in spatial terms, rather than simultaneously temporal ones. However, time, in both its ideational and material dimensions, has played an important role in mediating and shaping the directions, courses, and outcomes of globalization. Focusing on the intersection of time and globalization, this book aims to create an interdisciplinary dialogue between the (largely separated) respective literatures on each of these themes. This dialogue will be of both theoretical and empirical significance, since many urgent issues of contemporary human affairs—from large epochal problems such as climate change, to everyday struggles with the dynamics of social acceleration—involve a complex interplay between temporality and globalization. A critical understanding of the relationship between time and globalization will not only facilitate innovative thinking about globalization; it will also foster our imagination of alternatives that may lead to more socially just and sustainable futures. This innovative collection illustrates the theoretical benefits of bridging time with globalization and also exemplifies the methodological strengths of engaging in cutting-edge, interdisciplinary scholarship to better understand the changing economic, social, political, cultural and ecological dynamics in this globalizing world.This book was originally published as a special issue of the journal Globalizations.

This edited volume focuses on the intersection of time and globalization, as manifested across a variety of economic, political, cultural, and environmental contexts. Since David Harvey’s influential characterization of globalization as "time-space compression", ample research has looked at the spatial aspect of the phenomenon, yet few have focused on globalization’s temporal aspects. Meanwhile, other publications have analysed problems of speed, acceleration, and the commodification of time, but while it often serves as the implicit or explicit backdrop for these studies of time, globalization is not investigated as a problem or a question in its own right. In response, this volume develops these conversations to consider how time shapes globalization, and how globalization affects our experience of time.The interplay between varying aspects of the human experiences of time and globalization requires the type of interdisciplinary approach that this volume takes. The contributors advance an understanding of global time(s) as an arena of contestation, with social, political, ecological, and cultural implications for human and other lives. In considering the diverse valences of time and globalization, they illuminate problems as well as possibilities. Topics covered include emerging infectious diseases, temporal sovereignty, worker exploitation and resistance, chronobiology, energy politics, activism and hope, and literary and cinematic representations of counter-temporalities, offering a rich and varied account of global times. This volume will be of great interest to students and researchers from a range of disciplines, including anthropology, cultural studies, globalization, international relations, literary studies, political science, social theory, and sociology.

An astute assessment of democratic principles and decision-making structures in the global business world.Business is being globalized with an immense speed, but are democratic practices and decision-making structures keeping pace? Contrary to those who see democracy as irrelevant or impossible at the global level, The Challenges of Global Business Authority analyzes three dimensions of democracy- participation, accountability, and transparency-in many transnational mechanisms that seek to align global business interests with the public interest. Looking beyond these mechanisms, this volume seeks to explore the fundamental issues affecting the relationship between democracy and global business authority, such as the structural power of business itself, and the contestations over the boundary between public and private. The essays in this volume provide concrete ways that business can be made more publicly accountable to allow democratic practices to take on a more permanent role in the global business world.

An astute assessment of democratic principles and decision-making structures in the global business world.Business is being globalized with an immense speed, but are democratic practices and decision-making structures keeping pace? Contrary to those who see democracy as irrelevant or impossible at the global level, The Challenges of Global Business Authority analyzes three dimensions of democracy- participation, accountability, and transparency-in many transnational mechanisms that seek to align global business interests with the public interest. Looking beyond these mechanisms, this volume seeks to explore the fundamental issues affecting the relationship between democracy and global business authority, such as the structural power of business itself, and the contestations over the boundary between public and private. The essays in this volume provide concrete ways that business can be made more publicly accountable to allow democratic practices to take on a more permanent role in the global business world.