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The Asian crisis and the shaping of 'proper' economies
Authors:Vestergaard   Jakob
Affiliation:Address for correspondence: Copenhagen Business School, Department of Management, Politics and Philosophy; email: jvj.lpf{at}cbs.dk
Abstract:The latter half of the 1990s saw a new international agendadevelop: the ‘strengthening of the international financialsystem’ through the globalisation of standards and codesof ‘best practice’. The author calls for criticalreflection on this normalisation of ‘free market’capitalism and its global enforcement through a comprehensivesystem of economic standardisation and surveillance. To thisend, Michel Foucault's analysis of liberalism is shown to behighly relevant.
Keywords:International finance    Globalisation    Post-Washington Consensus    Liberalism    Michel Foucault
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