In 1986, the political economist Susan Strange warned presciently in Casino Capitalism that international financial markets now resembled a giant casino, replete with ‘mad money’ that required regulation in order to avert collapse. A decade later, in The Retreat of the State (1996), Strange argued that transnational actors, from international crime syndicates to global financial institutions, had effectively taken over the economic and financial space previously occupied by states, compelling governments to beat a ‘strategic retreat’ as they competed for shares of capital and technology in a world of investment scarcity.
|Title of host publication||The New Global Politics of the Asia Pacific|
|Subtitle of host publication||Conflict and Cooperation in the Asian Century|
|Publisher||Taylor & Francis|
|Number of pages||29|
|Publication status||Published - 1 Jan 2018|