Great Predators in the Political Economy of Development 1 doc

Money and Power Great Predators in the Political Economy of Development_1 doc

... 18 1Translating mainstream research 18 5Representation of the poorest 18 8A moral case 19 0Conclusion 19 4 11 . Conclusion 19 6 The current financial crisis 19 8 The problem of politics 202A tale of two ... for the political economy of development? 210 Bibliography 214 Index 233CONTENTS[ viii ]Bracking_ 01_ prelims.qxd 12 /02/2009 10 :56 Page viii the development industry and the promotion of capitalism, ... so in the absence of efforts in the area of development ‘aid’ but in spite of it and alongside it, andsystemically with the support of development finance institutions(DFIs). Bearing this in...

Money and Power Great Predators in the Political Economy of Development_2 pot

... real interest rates in the mid 19 70schanging to high interest rates in 19 79 after the Volcker Shock, andeven higher in 19 81; global recession in the early 19 80s and again in the early 19 90s; ... power in the academic literature of international political economy has allowed neoliberalism to remain the dominant ideology of international development theory and for the Great Predators of the ... describes the oppor-tunities for profitable (mis)adventure which arise directly from the THE POLITICAL ECONOMY OF DEVELOPMENT [13 ]Bracking_02_cha 01. qxd 12 /02/2009 10 :56 Page 13 [17 ]2 Money in the...

Money and Power Great Predators in the Political Economy of Development_3 docx

... can shift the balance of global power in favour of the poor, byMONEY IN THE POLITICAL ECONOMY OF DEVELOPMENT [ 31] Bracking_03_cha02.qxd 12 /02/2009 10 :55 Page 31 This conflict can indeed be ... how the divide between the global haves and have-nots is maintained; the technical slights of hand are the implementing policy machine of the political economy of development. It is worth looking ... banks. They exist at the ‘commanding heights’ (Arrighi 19 94: xii), in the boardroom of the global economy, and their relatively smallnumber explains in part both the herd behaviour of investors...

Money and Power Great Predators in the Political Economy of Development_4 pot

... senior official in the CDC in 19 93, referring to the case of Kenya, noted that the CDC would takeinvestment decisions:by understanding the human nature of these people, how theyare moving and the ... disbursements by usingfinancing through the IDA to pay the IMF! Indeed, Oxfam cite the shock-ing statistic that, in the case of Zambia during the late 19 90s, ‘well overhalf of the finance provided ... politicians, rather than looking atcomputer figures. So I think there is a lot of, in this business of investing in developing countries, there is an awful lot of experience, that comes in. (Interview,...

Money and Power Great Predators in the Political Economy of Development_5 docx

... primaryresponsibility for maintaining a proper balance in its own portfolio,and in 19 63 restoration in the independent territories (Rendell 19 76: 18 1, 16 8). In 19 62, the CDC began to publish figures of its contributionsto ... Thus, all the major institutions of development finance were moved into the ‘fron-tier state’ of pseudo-private mediators in the 19 90s. The privatisation of the CDC was the most shocking from ... Marx. The CDC was in co-operation with the World Bank asearly as 19 50 in the co-financing of the Kariba Dam project in the thenCentral African Federation, ‘much the largest single CDC investmentat...

Money and Power Great Predators in the Political Economy of Development_6 ppt

... 71, 666ODAMultilateral 582 1, 277 4,046 9, 212 7,566 15 ,802 18 ,299 17 ,685 24,653 31, 988ODAOOF, (2)300 1, 122 3, 912 5,037 3 ,14 4 8,648 10 ,070 –4,326 1, 430to all developingOOF, to 55 233 1, 050 ... of the frontier institu-tions of the British state and an account of the changing role of the CDC in managing investment and liquidity. The case study shows how onedominant core lender in the ... 1, 050 1, 182 8 51 3,577 –333 –494Africa,total (3)ODF, (4)4, 412 7,806 21, 140 40,480 43,483 73,778 70,964 55,393 11 5,684to all developingODF, 1, 418 1, 766 6,870 12 ,098 14 ,594 27,773 26, 210 14 ,800...

Money and Power Great Predators in the Political Economy of Development_7 pot

... 2002 2003 2004 2005 2006 2007China 31 [1] 32 [1] 19 [1] 28 [1] 20 [2] 32 [1] India 21 [2] 19 [2] 13 [3] 13 [2] 20 [1] Brazil 6 [3] 4 [3] 15 [2] 10 [3]Argentina 11 [3] 7 [3]Italy 8 [2]‘Top 3’ ... 84,098Multilateral 16 ,096 19 ,16 9 18 ,529 26,254 33, 314 OOF, DAC 8,648 10 ,070 –4,326 1, 430OOF, all donors 9,035 10 , 811 –4,532 4 ,14 0Notes:DAC (Development Assistance Committee of the OECD). At current prices in ... leaflet G17 (October 19 92).Bracking_08_cha07.qxd 12 /02/2009 10 :54 Page 11 5 [ 11 1 ]7 Derivative business and aid-funded accumulationThis chapter explores the role of the Great Predators, the...

Money and Power Great Predators in the Political Economy of Development_9 pptx

... co-financing’(CDC 19 82: 11 ). There were eight members of Interact in the early 19 80s, jointly responsible for 1. 6 billion annually (CDC 19 83: 10 ).3Interact is now incorporated within EDFI, with working groups ... the value of British investment rose from around £2.5 billion in 19 97 toover £8.6 billion in 2006, peaking at 13 .7 billion in 2005. In otherTAKING THE LONG VIEW OF PROMOTING CAPITALISM[ 16 1 ... 13 /02/2009 10 :56 Page 14 9 replacing his generation at board level. He then gave a telling analysis of the political gain to the British elite of having the CDC, despite the erosion of its developmental...

Money and Power Great Predators in the Political Economy of Development_10 pptx

... 10 :54 Page 17 2 [ 18 1 ] 10 Aid effectiveness: what are wemeasuring? In the last three chapters we have examined profitability within the political economy of aid, both in and of itself in chapter ... (in TAKING THE LONG VIEW OF PROMOTING CAPITALISM[ 17 9 ]Bracking _10 _cha09.qxd 13 /02/2009 10 :54 Page 17 9 [ 17 4 ]Table 9.5 CDC’s investments in Ghana, 31 December 19 92 and 2008 destiniesDetails (19 92) ... indirectlyTAKING THE LONG VIEW OF PROMOTING CAPITALISM[ 17 1 ]Bracking _10 _cha09.qxd 13 /02/2009 10 :54 Page 17 1 According to Dianna Games, Anglo has had problems with the Government of Zimbabwe over the...

Money and Power Great Predators in the Political Economy of Development_11 pdf

... at the top of the system, the Great Predators, are busy passing the buck. It is the poorest for whom the impact of rising prices of MONEY AND POWER[ 200 ]Bracking _12 _cha 11. qxd 12 /02/2009 10 :53 ... value of the dollar drops. The precedent here is events in the early 19 70s,after the Bretton Woods system of fixing the value of the dollar wasabandoned unilaterally by the United States in 19 71 ... commodities, in particular oil, isinelastic in the face of soaring prices. The non-oil producing countrieswith the lowest incomes will pay most, and the poorest people withinthem are the last in line....

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