This book explores the role of governments and financial institutions in managing the markets in the developing world.
These 'Great Predators' are trapping the populations of the Global South in a permanent cycle of austerity. Through a framework of political economy, Money and Power shows how pseudo-public 'development' institutions retain complete economic control over developing markets, while the international system remains unregulated.
Operating in the interests of North America and the European Union, these Great Predators have a political purpose, and yet serve to cloud the brute power relations between states.
Sarah Bracking is a Senior Lecturer in Politics and Development at the University of Manchester. She is the editor of Corruption and Development (Palgrave, 2007) and Money and Power (Pluto Press, 2009) and a member of the Review of African Political Economy editorial working group.
1. The political economy of development 2. Money in the political economy of development 3. Making Markets 4. International development banks and creditor states 5. The British Market Makers 6. Poverty in Africa and the history of multilateral aid 7. Derivative business and aid-funded accumulation 8. Private sector development and bilateral interventions 9. Taking the long view of promoting capitalism 10. Aid effectiveness: what are we measuring? 11. Conclusion Bibliography Index