9th Conference European Sociological Association

RN06 Critical Political Economy

2009-09-05 09:00:00 2009-09-05 10:30:00 Saturday, 5 September 09:00 - 10:30 It's the Finance, stupid ! Building AA, AA.323

Global Finance and Modes of Development in Europe

The current crisis has fostered the old discussion about the role of global finance in the world economy anew. While most research on this topic previously focused either on the effects of global finance on the political hegemony of states or the problems posed by increased capital mobility to public and private authorities nationally and transnationally the current situation calls for a deeper analysis how the crisis affects the European countries and how it is related to material economic structures. Hence the focus of this paper will be on the different spatial scales of economic development and regulation or more precisely, the interlinkage between the ongoing changes in the global financial structure and the correspondent political and economic development. Empirically this will be done by focusing on Europe which is economically and politically highly fragmented but also a main player in global finance.