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Financialisation and development in Asia

Contributor(s): Publication details: Routledge London 2015Description: x, 112 pISBN:
  • 9781138901421
Subject(s): DDC classification:
  • 339 F4
Summary: Multilateral development agencies have increasingly focused on underdeveloped Asian countries as potential new sites for financial capital. Often referred to as ‘emerging markets’, these economies are seen as ripe for private sector investment and, at the same time, in need of foreign capital to support rapid industrialisation, modernisation and poverty reduction. This confluence of interests suggests a means for quickly closing the ‘development gap’, primarily through mobilising regulatory, institutional and governance reforms designed to reduce barriers to foreign capital, institutional inefficiencies and risks to investment, capital repatriation and market operation. Therefore, development agencies now encourage the construction of ‘enabling environments’ to support ‘market driven development’ through processes variously identified as ‘financialisation’, centring on the role of the market and private capital. While the state itself has historically occupied a central place in economic development, new financialised modes of development are increasingly marginalising the state, its influence in the economy and thus its ability to manage developmental outcomes. https://www.routledge.com/Financialisation-and-Development-in-Asia/Carroll-Jarvis/p/book/9781138901421
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Holdings
Item type Current library Collection Call number Status Date due Barcode Item holds
Book Book Ahmedabad Non-fiction 339 F4 (Browse shelf(Opens below)) Available 193054
Total holds: 0

Table of Content:

1. Introduction: Financialisation and Development in Asia under Late Capitalism Toby Carroll and Darryl S.L. Jarvis

2. Global Politics of Microfinancing Poverty in Asia: The Case of Bangladesh Unpacked Heloise Weber

3. Innovation and the Entrepreneurial State in Asia: Mechanisms of Bond Market Development Lena Rethel and Timothy J. Sinclair

4. Building a Venture Capital Market in Vietnam: Diffusion of a Neoliberal Market Strategy to a Socialist State Robyn Klingler-Vidra

5. Financialisation through Microfinance: Civil Society and Market-Building in India Philip Mader

6. Market Creation by Leninist Means: The Regulation of Financial Services in the People’s Republic of China Neil Collins and Joern-Carsten Gottwald

Multilateral development agencies have increasingly focused on underdeveloped Asian countries as potential new sites for financial capital. Often referred to as ‘emerging markets’, these economies are seen as ripe for private sector investment and, at the same time, in need of foreign capital to support rapid industrialisation, modernisation and poverty reduction. This confluence of interests suggests a means for quickly closing the ‘development gap’, primarily through mobilising regulatory, institutional and governance reforms designed to reduce barriers to foreign capital, institutional inefficiencies and risks to investment, capital repatriation and market operation. Therefore, development agencies now encourage the construction of ‘enabling environments’ to support ‘market driven development’ through processes variously identified as ‘financialisation’, centring on the role of the market and private capital. While the state itself has historically occupied a central place in economic development, new financialised modes of development are increasingly marginalising the state, its influence in the economy and thus its ability to manage developmental outcomes.

https://www.routledge.com/Financialisation-and-Development-in-Asia/Carroll-Jarvis/p/book/9781138901421

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