Restructuring of the International Financial System within Context of International Balance of Power: An Interdisciplinary Assessment

Abstract

The global financial crisis triggered debate on restructuring international financial system. In this study, restructuring process of the international financial system is evaluated within the context of international balance of power. It is argued that it is insufficient to focus only on the economic dimension, but restructuring should be evaluated by taking into account international political dynamics. This work looks at how differences of opinion between the developed countries, particularly the G-7 countries and the developing (emerging?) countries, particularly Brazil, Russia, India and China shape the process.

Keywords

International Financial System, Financial Crisis, International Relations, Balance of Power.

Citation

Özkan, Gökhan, “Restructuring of the International Financial System within Context of International Balance of Power: An Interdisciplinary Assessment”, International Relations, Volume 7, Issue 27 (Fall 2010), pp. 3-26.

Affiliations

• Gökhan Özkan, Assistant Professor Dr., Yalova University, Department of International Relations