Money and Power
Great Predators in the Political Economy of Development
1st Edition
Published on 20. April 2009
256 pages
978-1-84964-180-7 (ISBN)
Description
This book explores the role of governments and financial institutions in managing the markets in the developing world.
These 'Great Predators' are trapping the populations of the Global South in a permanent cycle of austerity. Through a framework of political economy, Money and Power shows how pseudo-public 'development' institutions retain complete economic control over developing markets, while the international system remains unregulated.
Operating in the interests of North America and the European Union, these Great Predators have a political purpose, and yet serve to cloud the brute power relations between states.
These 'Great Predators' are trapping the populations of the Global South in a permanent cycle of austerity. Through a framework of political economy, Money and Power shows how pseudo-public 'development' institutions retain complete economic control over developing markets, while the international system remains unregulated.
Operating in the interests of North America and the European Union, these Great Predators have a political purpose, and yet serve to cloud the brute power relations between states.
Reviews / Votes
'A committed, thoughtful, closely and rigorously-argued work. The most relevant analysis of how money and capitalist power reproduce poverty in today's world' -- Professor Alfredo Saad Filho, Head of Department of Development Studies, School of Oriental and African Studies, University of London. 'Exposes in elegant detail the economic and political interests that lie behind aid' -- Nick Hildyard works with the Corner House, a UK research and solidarity group focusing on human rights, environment and development. 'Cutting-edge' -- Patrick Bond, Senior Professor, University of KwaZulu-Natal School of Development Studies, Durban, South Africa 'A clear and trenchant indictment of the view that private capital has the interest and capacity to develop the Global South' -- Raymond Bush, Professor in African Studies and Development Politics, University of LeedsMore details
Series
Edition
1. Auflage
Language
English
Place of publication
London
United Kingdom
Target group
Professional and scholarly
Illustrations
7 b&w figures
File size
1,16 MB
ISBN-13
978-1-84964-180-7 (9781849641807)
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Schweitzer Classification
Other editions
Additional editions
Book
04/2009
Pluto Press
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04/2009
Pluto Press
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Person
Sarah Bracking is a Senior Lecturer in Politics and Development at the University of Manchester. She is the editor of Corruption and Development (Palgrave, 2007) and Money and Power (Pluto, 2009) and a member of the Review of African Political Economy editorial working group.
Content
1. The political economy of development
2. Money in the political economy of development
3. Making Markets
4. International development banks and creditor states
5. The British Market Makers
6. Poverty in Africa and the history of multilateral aid
7. Derivative business and aid-funded accumulation
8. Private sector development and bilateral interventions
9. Taking the long view of promoting capitalism
10. Aid effectiveness: what are we measuring?
11. Conclusion
Bibliography
Index
2. Money in the political economy of development
3. Making Markets
4. International development banks and creditor states
5. The British Market Makers
6. Poverty in Africa and the history of multilateral aid
7. Derivative business and aid-funded accumulation
8. Private sector development and bilateral interventions
9. Taking the long view of promoting capitalism
10. Aid effectiveness: what are we measuring?
11. Conclusion
Bibliography
Index
