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Ruling Out Capital Controls: European Leadership?

2007· article· en· W2033672914 on OpenAlexaffabout
Patrick Leblond

Bibliographic record

VenueInternational Studies Review · 2007
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicState Capitalism and Financial Governance
Canadian institutionsHEC Montréal
Fundersnot available
KeywordsCapital (architecture)Political scienceEconomic historyManagementHistoryEconomicsAncient history

Abstract

fetched live from OpenAlex

For anyone who thought that there was nothing more to be said about the process of financial globalization, Capital Rules, by Rawi Abdelal, is an exciting read. In the book, Abdelal challenges the conventional wisdom that the liberalization of global capital flows is the result of US political and financial hegemony. In fact, he argues, it is Europe that led the way to the complete removal of capital controls on short-term capital flows in the late 1980s and early 1990s. Although he in no way neglects power politics, Abdelal is what many scholars of international relations would consider a constructivist. In Capital Rules, he aims to convince readers that a group of mainly French haut-fonctionnaires managed to establish a globally accepted social norm for capital liberalism. This norm replaced the norm of “embedded liberalism” that characterized the early decades of the post-World War II system of financial governance. In the late 1980s, according to Abdelal, the question became whether capital liberalism would be “ad hoc” (that is, market-driven with US support) or “managed” (that is, driven by international organizations like the European Union, the Organization for Economic Cooperation and Development [OECD], and the International Monetary Fund [IMF]).

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.007
metaresearch head score (Gemma)0.012
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.011
Threshold uncertainty score0.035

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0070.012
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.002
Science and technology studies0.0010.008
Scholarly communication0.0110.009
Open science0.0010.002
Research integrity0.0040.003
Insufficient payload (model declined to judge)0.0080.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.110
GPT teacher head0.311
Teacher spread0.201 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations1
Published2007
Admission routes2
Has abstractyes

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