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After the crisis and beyond the new constitutionalism? The case of the free movement of capital

Sacha Dierckx (UGent)
(2013) GLOBALIZATIONS. 10(6). p.803-818
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Abstract
This article examines the ‘new constitutionalism’ of the free movement of capital at the International Monetary Fund (IMF) after the global economic crisis. It is argued that the concept of new constitutionalism, as developed by Stephen Gill, is an indispensable concept to understand the still growing institutionalization of neoliberal policies in constitutions, laws, institutions, and regulations. The latest attempt to further extend the constitutionalization of the free movement of capital, one of the pillars of neoliberalism, is the IMF’s newly developed ‘institutional view’ on capital flows. This approach, while more pragmatic than earlier attempts, can be understood as a renewed effort to prevent emerging markets and developing countries from installing capital controls and deviating significantly from neoliberal policies. However, emerging markets and developing countries have opposed this new IMF framework. As such, the ability to further extend the new constitutionalism of the free movement of capital is severely weakened.
Keywords
LIBERALIZATION, EUROPE, GOVERNANCE, International Monetary Fund (IMF), capital controls, neoliberalism, emerging markets, new constitutionalism, SPACE, PERSPECTIVE, IDEAS, NEOLIBERALISM, INTERNATIONAL-MONETARY-FUND

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Citation

Please use this url to cite or link to this publication:

MLA
Dierckx, Sacha. “After the Crisis and Beyond the New Constitutionalism? The Case of the Free Movement of Capital.” GLOBALIZATIONS 10.6 (2013): 803–818. Print.
APA
Dierckx, S. (2013). After the crisis and beyond the new constitutionalism? The case of the free movement of capital. GLOBALIZATIONS, 10(6), 803–818.
Chicago author-date
Dierckx, Sacha. 2013. “After the Crisis and Beyond the New Constitutionalism? The Case of the Free Movement of Capital.” Globalizations 10 (6): 803–818.
Chicago author-date (all authors)
Dierckx, Sacha. 2013. “After the Crisis and Beyond the New Constitutionalism? The Case of the Free Movement of Capital.” Globalizations 10 (6): 803–818.
Vancouver
1.
Dierckx S. After the crisis and beyond the new constitutionalism? The case of the free movement of capital. GLOBALIZATIONS. 2013;10(6):803–18.
IEEE
[1]
S. Dierckx, “After the crisis and beyond the new constitutionalism? The case of the free movement of capital,” GLOBALIZATIONS, vol. 10, no. 6, pp. 803–818, 2013.
@article{4212260,
  abstract     = {This article examines the ‘new constitutionalism’ of the free movement of capital at the International Monetary Fund (IMF) after the global economic crisis. It is argued that the concept of new constitutionalism, as developed by Stephen Gill, is an indispensable concept to understand the still growing institutionalization of neoliberal policies in constitutions, laws, institutions, and regulations. The latest attempt to further extend the constitutionalization of the free movement of capital, one of the pillars of neoliberalism, is the IMF’s newly developed ‘institutional view’ on capital flows. This approach, while more pragmatic than earlier attempts, can be understood as a renewed effort to prevent emerging markets and developing countries from installing capital controls and deviating significantly from neoliberal policies. However, emerging markets and developing countries have opposed this new IMF framework. As such, the ability to further extend the new constitutionalism of the free movement of capital is severely weakened.},
  author       = {Dierckx, Sacha},
  issn         = {1474-7731},
  journal      = {GLOBALIZATIONS},
  keywords     = {LIBERALIZATION,EUROPE,GOVERNANCE,International Monetary Fund (IMF),capital controls,neoliberalism,emerging markets,new constitutionalism,SPACE,PERSPECTIVE,IDEAS,NEOLIBERALISM,INTERNATIONAL-MONETARY-FUND},
  language     = {eng},
  number       = {6},
  pages        = {803--818},
  title        = {After the crisis and beyond the new constitutionalism? The case of the free movement of capital},
  url          = {http://dx.doi.org/10.1080/14747731.2013.814450},
  volume       = {10},
  year         = {2013},
}

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