The International Economic and Financial Systems

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Phase 1 of our Editorial Plan – a phase dedicated to tracing the structural changes occurring in the international system – has thus far mostly looked at intangibles. In other words, we at the ISN have explored, in a prism-like way, the roles of future forecasting; geopolitical thought; globalization, multiculturalism, and nationalism; evolving international norms and laws, etc., in shaping the international system. Indeed, these frameworks, processes and, yes, even ideologies may be to one degree or another ephemeral, but they have all contributed to the systemic changes we have seen in the last 20-30 years. (Even future forecasting can have a self-fulfilling prophecy component to it.) Influential as all these topics have been, however, a critic might ask when are we going to get “real” – i.e., when are we going to deal with the facts-on-the-ground reality of politics and its relationship to economics? The answer is “now.” Over the next several weeks, we will look at the past, present and future of the international economic and financial systems, we will then explore their relationship to global economic development, and we will close our enquiry by analyzing the current dynamics that exist between economics, politics and war. By looking at our three-part subject again in a prism-like way, we hope to highlight how economic and financial forces do indeed provide an impetus to wholesale change in the international system.

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