Abstract
This concluding chapter summarizes the theory's core argument about focal points, unofficial market enforcement, and compliance. It discusses the book's theoretical and empirical contributions and explores the broader policy implications of the research project. The chapter also, however, considers a competing narrative of the Financial Action Task Force's (FATF) actions as a normative judgment, by powerful countries, that stopping criminals and terrorists should be prioritized over the goals of financial opportunity and inclusion. The world's largest economies and financial centers are using monitoring and the global banking system to export their rules globally. If the process of diffusion leads to policy change but stagnates growth in the least-developed states, it may be worth asking if the current approach is really a success.
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