Abstract

This work analyses the relationship between the financial market and power. The principal hypothesis is that the effects of financial globalisation on inner and international governance are not symmetrical, but they rather produce a very diversified distribution of opportunities and vulnerabilities. This diversification has important repercussions on the modalities and the spheres of power within the international arena. Then we have shown these dynamics in the following spheres: the one relating to the construction of the general structure of international financial systems (the polity), the one concerning the measures aimed to assure the functionality of the system (the policies), and the one regarding the potential balance of power among states (the politics).