Development geography II

Financialization is now a key area of research within Geography. Development geographers have made significant (although arguably under-recognized) contributions, notably in relation to household and ‘everyday’ financialization, as well as recent work on the financialization of nature, land, infrast...

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Bibliographic Details
Published in:Progress in human geography 2018-04, Vol.42 (2), p.264-274
Main Author: Mawdsley, Emma
Format: Article
Language:English
Subjects:
Capital
Capital movement
Capitalism
Developing countries
Donors
Economic development
Energy
Financial aid
Financial analysis
Foreign aid
Geographers
Geography
Human geography
Infrastructure
Investments
LDCs
Markets
Private sector
Southern Hemisphere
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Summary:Financialization is now a key area of research within Geography. Development geographers have made significant (although arguably under-recognized) contributions, notably in relation to household and ‘everyday’ financialization, as well as recent work on the financialization of nature, land, infrastructure, health and energy in the Global South. In this progress report, I argue that donors are currently seeking to accelerate and deepen financialization in the name of ‘development’. Foreign aid is being used to de-risk investment, ‘escort’ capital to ‘frontier’ markets, and carry out the mundane work of transforming objects into assets available to speculative capital flows. Financialization both permeates and goes beyond the more commonly referenced private sector-led development. Donors are pursuing these strategies and programmes with little or no reference to the threats posed by greater financialization.
ISSN:0309-1325
1477-0288
DOI:10.1177/0309132516678747