Handbook of Safeguarding Global Financial Stability

Chapter 6

Interest Group Politics

E.J. Malesky

Duke University, Durham, NC, USA

Outline

Political Economy Models of Economic Integration

Interest Groups

Domestic Capital (Business Owners)

Labor

Land Owners

Domestic Financial Intermediaries

Distributional Implications of Financial Globalization

The Political Economy of Financial Globalization in Authoritarian Regimes

MNCs as Actors

Conclusion

Glossary

Further Reading

The impact of financial globalization has been dramatic, connecting wider swathes of countries and individuals, generating employment, and raising incomes around the world. Nevertheless, the process of financial globalization is almost never uniform in its impact on the various stakeholders in an economy. Certain interest groups are ...