Review: Inside/Outside
| Published date | 01 March 1996 |
| DOI | 10.1177/002070209605100118 |
| Date | 01 March 1996 |
| Author | Carl Bromley |
| Subject Matter | Review |
REVIEWS/NATION
&
STATE
171
Helleiner
depicts financial
and
trade
liberalization
as
separate
and
contradictory trends.
But
his
argument
that
trade
has
become
increas-
ingly
protectionist
while
finance
has
been
liberalized
may
not
stand
up
to
scrutiny.
Exchange
rate
instability
may
indeed hamper
trade,
although
economists'
attempts
to
validate this
empirically
have
not
been
successful.
And
is
it
empirically
true that
the
trade
system
has
become
more
protectionist
in
the
last
20
years?
In
terms
of
trade
flows,
markets
are
more
exposed
now
than
at
any
time
since
the
late
18oos.
The
Tokyo
and
Uruguay
Rounds
of
the General
Agreement on
Tariffs
and
Trade
have
lowered
trade
barriers
significantly,
as
have
the
Single
European
Act,
North
American Free
Trade
Agreement,
and
other
trade
agreements.
Unilateral
trade
liberalization
among
the
lesser
developed
countries
in
the
198os
and
199os
has
been
widespread.
Financial
mar-
ket
liberalization
has
been more
spectacular
in
the
last
decade
than
trade
liberalization,
but
the
latter
began
in
the
194os.
Ultimately,
it
seems
likely
that the
growth
of
trade
not
only
helped
create
the
coali-
tion
favouring financial
liberalization
but
also
made
it
dominant.
The
challenges
to
States
and
the
Reemergence
of
Global
Finance
reveal
what
an
interesting
and
provocative
book
it
is.
This
brief
outline cannot
do
justice
to
its
theoretical
sophistication
and
historical
depth.
Hellei-
ner
has
made
an
important
contribution
in
a
debate
that
will
undoubt-
edly
continue.
Helen Milner/Columbia
University
INSIDE/OUTSIDE
International
relations
as
political
theory
R.B.J.
Walker
Cambridge:
Cambridge
University Press,
1993,
xii,
233PP
This book
is
informed
by
the
debates
surrounding
post-structuralist
international
theory
and
thus
will
probably
be
ignored
by
many
in
the
discipline
of
international
relations
who
claim
that
such
theory doesn't
bear
thinking
about.
Certainly,
would-be
diplomats,
balance-of-power
fetishists,
and
those
who
aspire to
write
'policy-relevant'
studies
will
probably
find
much
to
offend
them,
especially
when
Walker
claims
that
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