| ID | 131704 |
| Title Proper | In the aftermath of the financial crisis |
| Other Title Information | risk governance and the emergence of pre-emptive surveillance |
| Language | ENG |
| Author | Glenn, John |
| Publication | 2014. |
| Summary / Abstract (Note) | This article examines the financial reforms that have been undertaken through two perspectives on risk: that of Beck's world risk society and an alternative Foucauldian approach. The former argues that, catastrophes such as the recent financial crisis will induce a political shift towards a cosmopolitan form of statehood. Yet, the lack of radical reform since the financial crisis would suggest otherwise. The article therefore argues that what we are witnessing is best understood in terms of reflexive governance in which the various rationalities of risk are reassessed and strengthened in order to avoid a similar occurrence in the future. Moreover, in response to the uncertainty that surrounds such rare events, more intense forms of surveillance have been adopted with the objective of pre-empting any future crisis. Yet, for various reasons, the reforms remain rather limited and the new rationality of pre-emption is unlikely to prevent further crises from occurring in the future. |
| `In' analytical Note | Review of International Studies Vol.40, No.2; April 2014: p.227-246 |
| Journal Source | Review of International Studies Vol.40, No.2; April 2014: p.227-246 |
| Key Words | Economic Crisis ; Financial Crisis ; Global Financial Crisis ; Political Shits ; Cosmopolitan Form ; Surveillance ; Catastrophes ; Economic Reforms ; Rationalities ; Radical Reform ; Reflexive Governance ; Emerging Economy ; Emerging Power |