Volume XXV • Issue 1 • 2009
Assessing the transformation of global finance is a challenging and necessary undertaking. Although the current financial crisis has its roots in the Northern core of the world economy, it has a powerful impact on the global South. Going well beyond the financial crisis, the contributions to this journal investigate the deeper structural long-term transformations of global finance and global financial governance. In particular, they analyse to what extent the so-called Dollar Wall Street Regime (DWSR), which is the neoliberal successor of the Bretton Woods Order, is going to be transformed or not. In the past, the DWSR considerably limited the possibilities for inclusive development strategies and led to crisisprone development in the periphery. A very important point is, therefore, whether the current crisis is likely to bring the final blow to the neoliberal global financial structures order or whether it may even re-enforce them, at least temporarily.