Continuity, Discontinuity and Incoherence in the Bretton Woods Order: A Hirschmanian Reading (Record no. 10633)
[ view plain ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 02094nab a2200181 4500 |
| 005 - DATE & TIME | |
| control field | 20201027110719.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 200917b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Grabel, Ilene |
| 245 ## - TITLE STATEMENT | |
| Title | Continuity, Discontinuity and Incoherence in the Bretton Woods Order: A Hirschmanian Reading |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Name of publisher, distributor, etc | John Wiley, |
| Date of publication, distribution, etc | 2019. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Pages | Vol- 50, Issue-1,2019:(46-71 p.) |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This article examines the effects of the Asian crisis and especially the global financial crisis on developmental finance (that is, long‐term project finance and counter‐cyclical liquidity support) and the global financial architecture. In this connection three claims are advanced. The first is positive: that the crises occasioned meaningful although ad hoc, uneven discontinuities. The conjunction of discontinuities and continuities is imparting incoherence to the developmental and global financial architecture. The second claim is normative and controversial. Contrary to the common narrative, emergent incoherence is (on balance) productive of development and stability rather than debilitating. Actors in parts of the global South and East enjoy greater opportunities for institutional experimentation today in comparison with the limited space available in the coherent neoliberal era when the Bretton Woods institutions were monolithic. All of the experiments underway are not equally likely to survive, but even failures can provide lessons and networks that contribute to future successes. Emergent redundancy and new networks of institutional cooperation increase financial resilience. The article also explores the risks of incoherence and redundancy. The third claim is that productive incoherence can be understood within a ‘Hirschmanian mindset’ — an understanding of change and development informed by Albert Hirschman's theoretical and epistemic commitments. |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 8737 |
| Host Itemnumber | 15395 |
| Place, publisher, and date of publication | West Sussex John Wiley & Sons Ltd. 1970 |
| Title | Development and change |
| International Standard Serial Number | 0012-155X |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | https://doi.org/10.1111/dech.12469 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Articles |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| -- | 30362 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| -- | ddc |
No items available.