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The Failure of Financial Regulation: Why a Major Crisis Could Happen Again by Anil Hira, Norbert Gaillard, Theodore Cohn, (eds)

Document Cited in Related
Vincent
DOI10.1177/0020702020930732
Date01 June 2020
Published date01 June 2020
Subject MatterBook Reviews
SG-IJXJ200030 121..122 274
International Journal 75(2)
toward the Central American conflict had been the NGOs and, especially, the
churches. The point is that, although it is important to look at the broader political
and cultural context in which non-state actors dominate, it is equally important to
distinguish between context and causation.
It is interesting that this volume does not contain an essay which deals more
explicitly with economic factors. Certainly, Daniel Macfarlane’s fine essay on envi-
ronmental diplomacy is suggestive of economic issues, but it is the only one in the
collection. New Left scholarship in Canada and the United States in the 1960s and
early 1970s was concerned with economic nationalism, imperialism, and colonial-
ism. The role of corporate capitalism was central to the broader debate over
Canadian national identity, a debate in which non-state actors played a significant
role. An essay dealing with the influence of corporate power and its transnational
nature would have been an interesting and appropriate addition to this collection.
Anil Hira, Norbert Gaillard, Theodore Cohn, (eds)
The Failure of Financial Regulation: Why a Major Crisis Could Happen Again
New York: Palgrave Macmillan, 2019. 252pp. $84.99 (cloth)
ISBN 978-3-030-05679-7
Reviewed by: Mark R. Brawley (mark.brawley@mcgill.ca), McGill University
As the title of the book indicates, this volume seeks to identify sources of the 2008
financial meltdown in order to offer policy recommendations. From the perspec-
tive of 2019, the crisis not only inflicted economic damage, it also fuelled a populist
backlash across much of the industrialized world. Yet such a significant event
remains relatively understudied. Did the contributors coalesce around a set of
specific findings? Did they deliver clear, applicable policy proposals to protect us
from a recurrence?
The editors brought together a balanced mix of perspectives, covering a wide
range of topics. Chapter 2, by Laurent Dobuzinskis, addresses the complexity of
...

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