Money and Power : Great Predators in the Political Economy of Development.

Cover -- Contents -- Abbreviations -- Preface -- 1. The political economy of development -- Institutions of the global economy -- Frontier institutions -- Why is money so important? -- Institutions matter -- Chapter plan -- 2. Money in the political economy of development -- A short history of development finance -- From debt crisis to system stability? -- Debt relief and commercial write-downs -- Aid: 'much heat and light and signifying nothing'? -- The current market for development finance -- Conclusion -- 3. Making markets -- Markets -- Risk as governing technology -- Political risk: uncertainty or calculable risk? -- Sovereign political risk and market makers -- The International Finance Corporation and sovereign economies -- Conclusion -- 4. International development banks and creditor states -- Good banks or powerful owners? -- The global Keynesian multiplier -- Conclusion -- 5. The British market makers -- The Commonwealth Development Corporation -- The Export Credit Guarantee Department -- Crown Agents -- Neoliberalism and the frontier institutions -- Conclusion -- 6. Poverty in Africa and the history of multilateral aid -- Contemporary development research and poverty -- Place, poverty and culture -- The theoretical contribution of multilateral development assistance -- A short history of multilateral development finance -- Conclusion -- 7. Derivative business and aid-funded accumulation -- Objectives for development finance -- Patterns of multilateralism, domestic constituenciesand national shares -- Derivative business at the Asian Development Bank -- Derivative business at the African Development Bank -- Crony networks and closed procurement -- Conclusion -- 8. Private sector development and bilateral interventions -- Benefits of private sector development instruments -- Assisting accumulation - but development?.

The European Development Finance Institutions -- For the common affairs of the European bourgeoisie -- Conclusion -- 9. Taking the long view of promoting capitalism -- Post-colonial disinvestment -- A review of the fairness of British economic relations overseas -- Which institutions in Britain are owed debt? -- Where did the debt come from? -- Private sector development in action: the British case -- Conclusion -- 10. Aid effectiveness: what are we measuring? -- A big and largely inconclusive debate -- Translating mainstream research -- Representation of the poorest -- A moral case -- Conclusion -- 11. Conclusion -- The current financial crisis -- The problem of politics -- A tale of two narratives -- Where next for the political economy of development? -- Bibliography -- Index.

Why the Global South is still experiencing mass poverty after over sixty years of 'development'.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.