This volume investigates whether national policy autonomy remains viable in an era characterized by the rapid globalization of financial markets. The authors, Juliet B. Schor and Tariq Banuri, challenge the prevailing doctrine of global neoclassicism which posits that financial regulation is ineffective. By utilizing a political economy framework, the text evaluates the historical and theoretical implications of financial openness while questioning the abandonment of international financial management responsibilities by modern governments.

Experts recognize this work as a critical contribution to the discourse on the limitations of neoliberal financial policies in developing and developed nations. Readers frequently note the academic density of the prose, which serves as a foundational text for students and researchers interested in the intersection of global finance and state sovereignty.