In 1997-98 Thailand, Korea, and Indonesia were attacked by international financial interests convinced that the countries were not running their economies properly. The trio had borrowed heavily in hard currency, and were unable to repay their debts, at least in the short term. Money flowed out...

This paper argues that economics sanctions, whether positive or negative, require market power on the part of the sanctioning state(s) and entail distributional consequences. As a result, sanctions result in the growth of state power and the monitoring and punishing of one's own allies and...

Current economic and political developments spotlight the relationship between domestic and global governance and the impact of globalization on both. A key question is whether a sovereign state system, democratic governments, and an integrated global marketplace can coexist. The paper assesses...