In addressing the relationship between the structures of national financial markets, capital mobility, and the rules governing international trade and investment, this article combines theory and policy. Focusing mainly on the United States, Germany, and Japan, it first draws together themes and...

The nation state is being undermined by the lack of control over finance in the global market because citizens still expect their governments to secure economic development without control. State autonomy and legitimacy needs to find a basis other than economic to respond to current...