Financial Globalization: the market utopia and the the politcs reinvention

Abstract

Abstract: The paper analyses the recent process of financial globalization under three aspects: historic aspects, politics aspects and theoretic aspects. In the historic aspect, we summarize the transition from Bretton Woods system to financial globalization; in the politics aspects, we discuss the politics of financial liberalization, and, finely, we present the theoretical nature and logic of financial globalization. The paper concludes criticizing the utopist idea of a free market financial order and proposing a new politic of financial regulation.