I am about to finish a book “The Global Economic Order: The International Law and Politics of Money & Markets.”
This book is a must read for those who wish to understand how the global economy operates and impacts the well-being of entire populations. Exploring in depth the institutions that underpin the global economy, Louka provides invaluable insights on why a minimum economic order has endured for so long and why states are unwilling to establish a maximum order, a global safety net for all.
The author investigates how debt, a critical component of states’ economic infrastructure, leads to debilitating crises; and how these crises undermine the economic autonomy and political independence of states. Louka scrutinizes the work of international organizations and points out the advantages they bring but also the institutional inadequacies and holes that make the global financial system vulnerable. The book is indispensable for policymakers, students of international politics and law, and those who seek to understand why economic peace is often beyond our reach.