1989
DOI: 10.2307/2600523
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Global Hegemony and the Structural Power of Capital

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Cited by 364 publications
(113 citation statements)
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“…Even Lebanon is participating in an IMF and World Bank pilot programme 'to design relevant reform and capacitybuilding programs' in the domestic debt market (World Bank 2007). Possible explanations for these policy choices include: the ideational (Gill and Law 1989;Helleiner 1994); Sobel's (1994) 'inside-out' analysis of domestic interests; the structural explanation (Andrews 1994); and a 'realist model' (Cohen 1996: 275) which sees the influence of developed world state power on financial globalization, including as directed through the international financial institutions.…”
Section: What Should Governments Do?mentioning
confidence: 99%
“…Even Lebanon is participating in an IMF and World Bank pilot programme 'to design relevant reform and capacitybuilding programs' in the domestic debt market (World Bank 2007). Possible explanations for these policy choices include: the ideational (Gill and Law 1989;Helleiner 1994); Sobel's (1994) 'inside-out' analysis of domestic interests; the structural explanation (Andrews 1994); and a 'realist model' (Cohen 1996: 275) which sees the influence of developed world state power on financial globalization, including as directed through the international financial institutions.…”
Section: What Should Governments Do?mentioning
confidence: 99%
“…The soft power relation within institutional members, such as creating financial innovation, investment security and a conducive business environment; can add to the rising structural power of internationally mobile capital (Gill & Law, 1989;Salehi et al, 2014). At the same time, it creates labor and technology incentive, which in turn, enhance the non-financial value of globally diversified firm.…”
Section: Financial Hegemonic Characteristicsmentioning
confidence: 99%
“…Critically, since capital markets are inherently rational, they will enter those countries that demonstrate sound regulatory practices such as balanced budgets, low inflation, market liberalization, and stable exchange rates. According to this line of reasoning, markets act as a disciplinary force, which can punish profligate govemments through investment strikes and capital flight (Gill and Law 1993). It is interesting to note that the inherent rationality of financial participants lies at the base of the SDRM, particularly in its concern of avoiding any moral hazard in future IMF bailouts.…”
Section: Governing Transnational Debt: the Role Of The Imfmentioning
confidence: 99%