PAULY, Louis W. 1952-

PERSONAL: Born 1952, in Erie, PA; son of Louis W. and Elizabeth Ann (Barrett) Pauly; married Caryl Clark, August 26, 1978; children: Tessa, Reid. Education: Fordham University, B.A., 1974; London School of Economics and Political Science, M.Sc., 1977; Cornell University, Ph.D., 1987.

ADDRESSES: Home—10 Boswell Ave., Toronto, Ontario, Canada. Office—Centre for International Studies, University of Toronto, Toronto, Ontario M5S 3K7, Canada. E-mail—[email protected].

CAREER: Royal Bank of Canada, in management, 1978-82; University of Toronto, Toronto, Ontario, Canada, professor of political science, 1987—.

MEMBER: American Political Science Association, International Studies Association, Canadian Political Science Association.

WRITINGS:

Foreign Banks in Australia: The Politics of Deregulation, Centre for Money, Banking, and Finance, Macquarie University (Mosman, Australia), 1987.

Regulatory Politics in Japan: The Case of Foreign Banking, China-Japan Program, Cornell University Press (Ithaca, NY), 1987.

Opening Financial Markets: Banking Politics on the Pacific Rim, Cornell University Press (Ithaca, NY), 1988.

(Editor, with Janice Gross Stein) Choosing to Cooperate: How States Avoid Loss, Johns Hopkins University Press (Baltimore, MD), 1993.

The League of Nations and the Foreshadowing of the International Monetary Fund, International Finance Section (Princeton, NJ), 1996.

Who Elected the Bankers? Surveillance and Control in the World Economy, Cornell University Press (Ithaca, NY), 1997.

(With Paul N. Doremus, William W. Keller, and Simon Reich) The Myth of the Global Corporation, Princeton University Press (Princeton, NJ), 1998.

(Editor, with Michael Th. Greven) Democracy beyond the State? The European Dilemma and the Emerging Global Order, Rowman & Littlefield (Lanham, MD), 2000.

(Editor, with David Andrews and C. Randall Henning) Governing the World: Money, Cornell University Press (Ithaca, NY), 2002.

WORK IN PROGRESS: Studies on industrial innovation, the political management of the global economy, and adaptation within international organizations.

SIDELIGHTS: Drawing on his experience both as a banker and as an academic, author Louis W. Pauly has published several books, most dealing with connections between international politics and global finance. In Who Elected the Bankers? Surveillance and Controlin the World Economy, Pauly outlines the evolution of the global economy and the presence and growth of institutions such as the International Monetary Fund (IMF), which were created to enhance global financial cooperation. The book traces the roots of key roles played by the IMF to the economic and financial work of the League of Nations in the 1920s. Pauly makes the point that the evolution of entities like the IMF was not accidental, but the result of deliberate decisions by public authorities.

Foreign Affairs reviewer Richard N. Cooper called Pauly's treatment "skillful," but criticized the author's claim that global finance raises fundamental legitimacy problems for the nation-state. According to Cooper, economic problems in countries are usually the result of internal influences. Richard Drezen of Library Journal wondered why Pauly focused on the IMF to the exclusion of the World Bank and the United Nations. Timothy Sinclair, writing for the American Political Science Review, called the book "an excellent contribution to the literature on international capital mobility and multilateral economic surveillance."

Opening Financial Markets: Banking Politics on the Pacific Rim examines the regulatory policies in the banking systems of four industrialized nations—Japan, Canada, Australia, and the United States. Pauly focuses on how and why government and business across the globe have worked to establish common standards in international banking. According to William Diebold, Jr. of Foreign Affairs, "This excellent book stands out as a study of the dynamics of global interdependence." Diebold commented that Pauly's book is "clearly and succinctly" written, and called it a "valuable" book for readers of many knowledge levels. Reviewer D. E. Bond of Choice noted small faults in some use of details (a mistaken date for the founding of the Canadian Bankers Association, for example) but declared the work "a worthwhile addition to any collection on money and banking," noting that it offers "a concise review of the reasons for and methods of achieving the basic aims of banking regulation."

BIOGRAPHICAL AND CRITICAL SOURCES:

periodicals

American Political Studies Review, September, 1989,p. 1090; December, 1997, Timothy Sinclair, review of Who Elected the Bankers? Surveillance and Control in the World Economy, pp. 1010-1011.

Annals of the American Academy of Political and Social Science, January, 2001, Jonathan D. Aronson, review of The Myth of the Global Corporation, p. 205.

Booklist, March 15, 1997, p. 1210.

Choice, February, 1989, D. E. Bond, review of Opening Financial Markets: Banking Politics on the Pacific Rim, p. 982; September, 1997, p. 180.

Foreign Affairs, summer, 1989, William Diebold, Jr., review of Opening Financial Markets, p. 166; May-June, 1997, Richard N. Cooper, review of Who Elected the Bankers?, pp. 125-126.

International Journal, fall, 2000, review of Democracy beyond the State? The European Dilemma and the Emerging Global Order, pp. 685-686.

Journal of Economic Literature, March, 1989, pp. 175-176.

Journal of Interamerican Studies and World Affairs, summer, 2000, Bryan R. Daves, review of The Myth of the Global Corporation, p. 109.

Library Journal, April 15, 1997, Richard Drezen, review of Who Elected the Bankers?, p. 93.