chapter  VII
Conclusion
ByRobert B. Packer
Pages 19

This conclusion presents an overview of the key concepts discussed in the preceding chapters of this book. The book examines the nature of political constraints imposed by changes in the international financial order. It discusses that the defining aspect of rising international financial integration is the more frequent ability of investors in one country to choose financial products for their portfolio that are denominated in foreign currencies or issued in foreign markets. The book emphasizes the role of economic policy choices in shaping international outcomes of wealth and power. Structuralist studies argue that the Bretton Woods policy triad and market mechanisms were not enough to stabilize contemporary world markets, given new circumstances of highly mobilized and speculative capital flows. The book reviews a rather illuminating exposition on the future of the international monetary and financial regime.