Banks in the country do not support productive activities in the economy, Coordinator of the Third World Network (TWN), Dr Yao Graham, has said. He said the Ghana’s banking sector was serving as a way for taking resources out...
Definitions Accumulation in which profits accrue through financial markets and channels rather than the real sector (the production and exchange of goods) – Arrighi (1994), Krippner (2005) The increasing role of financial motives, financial markets, financial actors and financial...
Context Boom in infrastructural investment and requirement for development financing, including climate finance. Revival of interest in development banking Innovative multilateral efforts: NDB and AIIB Development banks Present across the world and broadly of two kinds: those that are...
Where is the biggest money? INTRO global governance & how Africa fits (not) in it governance of global financial system excluding the international and regional development banks governance of financialisation instruments Underlying principles of the governance of the financial...
1. Gigantism, infrastructure and energy • Financialized power leaves its mark on the built environment and the type of development pursued • There is a synergistic relationship between building ‘big’ infrastructure, concentrating power within party-states (and corruption) and the...