A History of International Monetary Diplomacy, 1867 to the Present: The Rise of the Guardian State and Economic Sovereignty in a Globalizing World

The book explores how the rise of democracy has transformed economics over the past 150 years, leading to the emergence of the guardian state. It traces the history of international monetary diplomacy during this period, showing how nations sought to protect their own prosperity. It demonstrates the advantages of an interdisciplinary understanding of how politics shapes economics and will be valuable reading for scholars and students of international economics, politics, and economic history.

Format: Paperback / softback
Length: 208 pages
Publication date: 09 January 2023
Publisher: Taylor & Francis Ltd

The book delves into the profound impact of democracy on economics over the past 150 years. As voting expanded to the masses in the late 19th century, political leaders faced mounting pressures to deliver prosperity to their newly enfranchised populations. This, in turn, gave rise to the concept of the "guardian state," a state whose primary objective was to safeguard economic growth and employment. Domestic economic goals became paramount, and even if it meant failing to construct international solutions to monetary relations, it was deemed acceptable.

The book traces the history of international monetary diplomacy during this crucial period to unveil how the guardian state has manifested itself and how it has shaped the course of international monetary relations. It scrutinizes each of the most significant international monetary conferences in history, examining how nations sought to protect the prosperity within their national economies. The historical narratives provide a bird's-eye view into how domestic political priorities have intruded on and shaped economic relations among nations.

The book underscores the significance of an interdisciplinary approach to understanding how politics shapes economics. It is an invaluable resource for scholars and students of international economics, politics, and economic history. By examining the interplay between democracy, economics, and international relations, the book sheds light on the complex dynamics that have shaped the global economy over the past century and a half.

Weight: 408g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032041698