A very readable account of efforts to regulate an increasingly liberalized world capital market since the mid-1970s breakdown of the 'Bretton Woods' system of international monetary arrangements.
   --Stephanie Flanders, Financial Times

Kapstein's main point is that the world economy does not 'operate somewhere offshore.' It functions within the political framework provided by nation-states. Which should mean that their citizens have not lost all influence over it.
   --Reginald Dale, International Herald Tribune

With this timely and persuasive study, Kapstein establishes himself as one of our foremost authorities on the political economy of international banking. A judicious blend of theoretical insight and practical knowledge, Governing the Global Economy is essential reading for anyone concerned with the future operation and regulation of international financial markets.
   --Benjamin J. Cohen, University of California, Santa Barbara

Ethan B. Kapstein is Director of Studies at the Council on Foreign Relations, New York.