International Financial Governance and “Global” Finance
Will Canada Matter in 25 Years
Bibliographic Data
| ID | 20494380 |
|---|---|
| Authors | Elizabeth Friesen (Carleton University, corresponding author) |
| Year | 2017 |
| Volume | 55 |
| Pages | 55-66 |
| Publication date | 2017-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | International Journal of Canadian Studies (JOURNAL) |
| Journal identifiers | ISSN: 1180-3991 • E-ISSN: 1923-5291 |
| Publisher | University of Toronto Press Inc. (UTPress) (PUBLISHER) |
| DOI | 10.3138/ijcs.55.06 |
| OpenAlex | W2800727929 |
| Language | EN |
| References cited | 8 |
This article examines Canada's contributions to the governance of global finance in the past and explores what they are likely to be in the future. First, it begins with an examination of global finance: what it is, why it matters, and how it is transforming. Second, from the adoption of the Bretton Woods system to the present day, Canada has made substantial contributions to the development of a resilient and functional, if imperfect, financial system. Although Canadians (and Canada) have relatively little power in conventional terms, the article explores why they have substantial resources, both technical and political, to model behaviour, frame and reframe issues, participate in institutions, and create new institutional structures that shape global financial governance. The present and future of Canadian involvement in global finance is examined. Canada's role as a facilitator of political interaction on these issues will be a welcome and constructive resource in the future as the challenges posed by rapid transformation and innovation in global finance (as well as the failures of easy answers to contain these forces) become increasingly apparent
Cognitive reframing · Constructive · Corporate governance · Economics · Global governance · Imperfect · International finance · Political science · Politics · Canadian Policy and Governance · Global Financial Crisis and Policies · State Capitalism and Financial Governance · Finance
| Highly cited | No |
|---|