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The Disorders Of Unrestricted Capital Mobility And The Limits Of The Orthodox Imagination: A Critique Of Robert Solomon, 'Money On The Move: The Revolution In International Finance Since 1980', Timothy A. Canova

Timothy A. Canova

This book review provides a critique of Robert Solomon's' Money on the Move: The Revolution in International Finance since 1980'. According to the reviewer, Solomon has written a highly descriptive account of some of the major developments in global financial markets over the past two decades. His impressive compilation of events is couched in an objective, value-neutral narrative, thereby suggesting that the tide of orthodox policy reforms is as inevitable as the sun rising. But lurking just beneath the surface are the usual neoclassical assumptions that one might expect of a former chief international economist of the Federal Reserve Board: …

Financial Liberalization, International Monetary Dis/Order, And The Neoliberal State, Timothy A. Canova

Timothy A. Canova

This article started as a plenary paper that was presented to the annual International Economic Law conference of the American Society of International Law. The conference itself posed the question of whether the new international economic order was leading to greater peace, stability, fairness and justice. At a time when American post-Cold War triumphalism was perhaps at its zenith, Canova answered with an unequivocal indictment of the global order for failing to deliver peace or justice.

The first part of the article critiques the international monetary system, and argues that the primary negative consequence of capital liberalization is the undermining …

Global Finance And The International Monetary Fund's Neoliberal Agenda: The Threat To The Employment, Ethnic Identity, And Cultural Pluralism Of Latina/O Communities, Timothy A. Canova

Timothy A. Canova

This Article places Lat-Crit scholarship in an institutional and inter-disiplinary context, providing a critique of the International Monetary Fund (IMF) agenda of structural adjustment and liberalization. It also questions the positioning of Lat-Crit scholars to remain silent or complicit with the IMF's agenda. The article provides a counter-narrative informed by heterodox economics, historical revisionism, and sociological analysis. The global unemployment crisis - which was largely ignored by orthodox economics and hidden by flawed government measurements prior to the 2008 financial collapse - is considered as an existential threat to individuals and communities alike. The Article closes with a discussion that …