Finance, information and power

Abstract

The point of this article can be quickly made: it is just that, there is a big difference between the financial power exercised by the United States and that exercised by Japan, and that the difference is partly explained by the role of information in the global financial structure. It also happens that this difference is a rather good illustration of the difference between structural power and relational power. What I am comparing is the structural power to extend or restrict the range of options open to others which has been, and still is, exercised by the United States in the postwar decades, in this case specifically in the field of finance, with the relational power which Japan exercises in the same field of finance by virtue of its position as the world's major creditor country and aid donor.

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