Capital Rules: The Construction of Global Finance

Listen to a short interview with Rawi AbdelalHost: Chris Gondek | Producer: Heron & Crane

The rise of global financial markets in the last decades of the twentieth century was premised on one fundamental idea: that capital ought to flow across country borders with minimal restriction and regulation. Freedom for capital movements became the new orthodoxy.

In an intellectual, legal, and political history of financial globalization, Rawi Abdelal shows that this was not always the case. Transacti...