Resilience and Global Financial Governance
RESILIENCE AND TRANSFORMATION: PREPARING AUSTRALIA FOR UNCERTAIN FUTURES, Steven Cork, ed., CSIRO Publishing
15 Pages Posted: 1 Apr 2010
Date Written: March 30, 2010
Resilience is generally seen as a positive attribute that should be enhanced. When a system is dysfunctional and needs to change its structure and identity, however, resilience can be a negative. As this chapter illustrates, our system of global financial governance works to benefit the elites in international banks and developing countries at the direct expense of the common people in those countries. The system is deeply unfair and disfunctional and displays great negative resilience. This chapter analyses ways in which this negative resilience could be reduced.
Keywords: Global financial governance, resilience
Suggested Citation: Suggested Citation