A review of the 1997 Asian financial crisis and the American sub-prime crisis using IPE.
This dissertation analyses the Asian financial crisis of 1997 and international political economy theories to the American sub-prime crisis and its global repercussions. Through so doing, this dissertation posits that it is impossible to either understand or overcome the present global financial crisis without first realising that individual nation states are powerless. It subsequently suggests that only through the creation of a worldwide political authority can the extremes of global financial freedom be curbed so as to ensure that ‘the money men’ behave in a globally responsible fashion.
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