US Power in International Finance

Leonard Seabrooke argues that the key to understanding change in international finance since the 1960s rests with US structural power. He demonstrates how structural power draws from embedded state-societal relations and how the US promotion of direct financing has encouraged Britain, Japan, and Germany to catch up to US-led innovations. In drawing considerably on multi-disciplinary insight, the book should benefit all those who wish to understand more about change in the international political economy.