Respatialising finance : power, politics and offshore renminbi market making in London, by Sarah Hall, Hoboken, New Jersey, USA, John Wiley & Sons, 2021, 192 pp., £24.99 (paperback), ISBN 978-1-119-38604-9; £60.00 (hardback), ISBN 978-1-119-38548-6; eBook from £22.99, ISBN 978-1-119-38554-7

• In this short commentary, I propose to read the book as a student of “state capitalism” and “international financial subordination”. The former refers to a set of scholarly debates concerning the changing role of the state in contemporary capitalism. It asks: what are the (geo)political economic determinants and implications of the current aggregate expansion of the state’s role as promoter, supervisor, and owner of capital across the world economy? The latter designates a research agenda dedicated to scrutinizing the sources, manifestations, and implications of developing countries’ per- sistent subordinate positionality in the geographical organization of financial and monetary relations on a planetary scale (Alami et al. 2022). Respatialising Finance is remarkable in its ability to develop a sustained and generative conversation between these two interdisciplinary fields of inquiry. 

Keyword

China

state capitalism

international financial subordination

financial centres

finance

Publication and Content Type

vet (subject category)

rec (subject category)