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the fighting stops, and their legacies run deeply in the societies affected by them. Mark Duffield and other scholars have argued that the experience of conflict is less about social breakdown and more about the emergence of alternative – generally non-state based – patterns of political and economic governance. 15 In this context, the binary division between ‘war’ and ‘peace’ that the transition
recipes for ‘governability’. On one side, ‘liberal’ recipes for political governance – whether through bilateral arrangements or through such organisations as the EU and the CSCE (now OSCE) 114 – were offered to, often imposed on, the South. 115 On the other side, ‘capitalist’ recipes for economic governance were exported – whether through bilateral programmes or through such organisations as
political-economic governance. Like its management of financial assets, IS’s administration of finance reflects the behaviours of US-associated entities in the Middle East, and neoliberal economic circumstances in the wider international financial system. Extending the previous sections’ exploration of IS finance and the importance of territory for IS, in this section I elaborate on how IS’s administration of finance exemplifies its state-like geo-economic ambitions. In particular, these practices might be interpreted as signifying the organisation’s reliance upon
Ngaire Woods, The Shifting Politics of Foreign Aid (Oxford: Global Economic Governance Programme, 2005), p. 14. 40 H. Krieger, Migration , (Brussels: European Foundation for the Improvement of Living and Working Conditions, 2004), pp. 3–8. 41