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Book cover of Money and Power: Great Predators in the Political Economy of Development by Sarah Bracking

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

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2

Language:

English

Category:

Social sciences

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Pages:

257

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excellent

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428

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Book Description

Sarah Bracking explores the role of governments and development finance institutions in managing the markets in which the poorest countries operate. These institutions - the 'Great Predators' - are trapping the populations of the south in a permanent cycle of austerity.Bracking examines the political economy relations between states. She shows how pseudo-public 'development' institutions retain complete economic control over Southern markets, yet the international system is itself unregulated. Operating in the interests of North America and the European Union, they have a political purpose, and yet serve to cloud the brute power relations between states.This book will be of interest to anyone studying debt and development, global financial institutions, and the way the world economy is regulated and governed.

Author portrait of Sarah Bracking

Sarah Bracking

Sarah Bracking is a political economist who researches a range of issues in international development and financial geography. Historically this has included corruption and development, illicit financial flows and the offshore economy, poverty reduction, migrant remittances, and democratisation. A constant in this research has been the study of money and finance, beginning with development finance and, since 2011, with the emerging climate finance architecture. Her last book explored the financialisation of the current global economy, the last financial crash of 2008 and how this has affected and changed structure of power and political economy, with a particular focus on southern Africa. It also explored the roles of financial innovations and calculative technologies at emerging new frontiers of financialisation including in human and more-than-human relations and ecology. Sarah is currently researching climate and development finance, climate insurance and the coproduction of finance and power in market structures. She is editor of Corruption and Development ; author of Money and Power and The Financialisation of Power: How Financiers Rule Africa .

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