, Number 10

Jean Grugel, Pia Riggirozzi and Ben Thirkell-White

International economic power (the ability to shape rules of global economic conduct) needs to be understood in terms of the interactions between rule-makers and rule-takers in the global economy. Attempts to reshape development paradigms through interventions during financial crisis have been highly significant for the domestic political economy of the developing world. In the 1980s and early 1990s, the primary question was how much countries would liberalize in response to financial crisis. Reactions to the crises of the late 1990s in Asia and Latin America were more varied.

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