"The Governance of Financialization in Latin America and East Asia - Empowering Expertise", avec Max Nagel ( BSG, Brussel)

Le prochain séminaire « Histoire de la Macroéconomie et des Théories Monétaires » (H2M), ouvert à tous  aura lieu le vendredi 6 decembre 2024 à La Maison des Sciences Economiques (106-112 boulevard de l'hôpital, 75013 Paris, Métro Campo-Formio) de 17h30 à 19h / salle 117. PHARE aura le grand plaisir d’accueillir 

Max NAGEL (BSG Brussel)  sur "The Governance of Financialization in Latin America and East Asia - Empowering Expertise"

Abstract : The resurgence of financial vulnerabilities in developed economies (financial crisis 2007, COVID pandemic, Ukraine War) has served as a reminder of the threats that a liberalized financial system poses to financial and economic stability. Although (semi-)peripheral countries, by comparison, have had to cope with volatilities related to global finance since the 1970s, little is known about the governance strategies they developed in response to them. Instead, they tend to be analyzed as passive rule-takers or shaped by predetermining historical legacies. This book shows how (semi-)peripheral states in Asia and Latin America (Argentina, Chile, Japan, and South Korea) have deployed agencies to form their domestic governance of financialization. Developing and modifying monetary, financial, and foreign exchange policies became a crucial task for these countries to manage international financial flows and financialization in general. To explain the development of different governance strategies, this book introduces the concept of empowering expertise. This concept captures the various types of expertise that inform policymaking (expert agency), as well as the government strategies to empower them (political agency). The book argues that these instances of expert agency and political agency allow (semi-)peripheral states to retain control over the governance of financialization even in times of globalization. [Note : l'intervention se fera en anglais]

Lien zoom : https://cnrs.zoom.us/j/93438019543?pwd=cf7siSDxcbvlG0F9nXqucToaoHaHQW.1

Comité d'organisation :
Matthieu Renault (Université Paris 1, PHARE)
Pierre-Hernan Rojas (Institut Catholique de Paris)
Goulven Rubin (Université Paris 1, PHARE)
Aurélien Saïdi (Université Paris Nanterre, EconomiX)
Sofia Valeonti (The American University of Paris)