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About this product
- DescriptionThe financial crash of 2008 led people all over the world to ask how far financiers are in control of our lives. To what extent does what they do with our money affect our everyday lives? This book asks whether the crisis, and subsequent use of public subsidies to help the international ecomy recover, was a unique event, or a symptom of a wider malaise where financiers have effectively usurped the power of governments and are running the political ecomy themselves. The Financialisation of Power in Africa argues that growth is t always a good thing. The development of more derivatives and faster financial exchanges are draining businesses of investment capital rather than serving to supply it; applying financial logic does t save nature or protect biodiversity and other species. This book outlines the concept of financialisation and how it has been used in various ways to explain the post-2008 crisis and global political ecomy. There is a particular focus on these issues in reference to Africa, which has a particular dependence on international money. It takes the perspective of the modern state, exploring how the political ecomy of development actually works in relation to African governance. This book is of interest to students of international development and political ecomy and is a key source for policy makers interested in African studies and ecomic development.
- Author BiographySarah Bracking is SARCHi Chair in Applied Poverty Reduction Assessment at the University of KwaZulu-Natal, South Africa and Professor of International Development at the University of Manchester, UK.
- Author(s)Sarah Bracking
- PublisherTaylor & Francis Ltd
- Date of Publication11/05/2016
- SubjectEconomics: Textbooks & Study Guides
- Series TitleRoutledge Studies in Development Economics
- Place of PublicationLondon
- Country of PublicationUnited Kingdom
- Content Note1 black & white illustrations, 2 black & white tables, 1 black & white line drawings
- Weight472 g
- Width156 mm
- Height234 mm
- Spine18 mm
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