Financial subordination and uneven financialization in 21st century Africa

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Financial subordination and uneven financialization in 21st century Africa. / Kvangraven, Ingrid Harvold; Koddenbrock, Kai; Sylla, Ndongo Samba.

In: Community development journal, 21.10.2020, p. 1-22.

Research output: Contribution to journalArticlepeer-review

Harvard

Kvangraven, IH, Koddenbrock, K & Sylla, NS 2020, 'Financial subordination and uneven financialization in 21st century Africa', Community development journal, pp. 1-22. https://doi.org/10.1093/cdj/bsaa047

APA

Kvangraven, I. H., Koddenbrock, K., & Sylla, N. S. (2020). Financial subordination and uneven financialization in 21st century Africa. Community development journal, 1-22. https://doi.org/10.1093/cdj/bsaa047

Vancouver

Kvangraven IH, Koddenbrock K, Sylla NS. Financial subordination and uneven financialization in 21st century Africa. Community development journal. 2020 Oct 21;1-22. https://doi.org/10.1093/cdj/bsaa047

Author

Kvangraven, Ingrid Harvold ; Koddenbrock, Kai ; Sylla, Ndongo Samba. / Financial subordination and uneven financialization in 21st century Africa. In: Community development journal. 2020 ; pp. 1-22.

Bibtex - Download

@article{e3d11c2edc48414a8a5a2768f7be3b8d,
title = "Financial subordination and uneven financialization in 21st century Africa",
abstract = "The financialization debate has not paid enough attention to the African continent. The continent{\textquoteright}s populations and governments have found creative ways of dealing with the capitalist world market and political power relations since decolonization in the late 1950s. However, several forms of structural dependence and subordination persist. We ask in this article how the global process of financialization has unfolded across the continent and what it means for relations of dependence. We understand financialization as the global expansion of financial practices, and, in particular, the financial sector, that followed the end of the Bretton Woods era. We consider to what extent it has occurred at all in the four case study countries of Mauritius, Nigeria, Zambia, and South Africa. The empirical analysis of aggregate country data shows that financialization is, at best, an uneven and patchy process on the continent, not a general structural shift in the way capital accumulation is organized. Rather, where financialization occurred, it appears to have diversified the relations of dependence that states, corporations, and populations have found themselves in.",
author = "Kvangraven, {Ingrid Harvold} and Kai Koddenbrock and Sylla, {Ndongo Samba}",
note = "{\textcopyright} Oxford University Press and Community Development Journal 2020. This is an author-produced version of the published paper. Uploaded in accordance with the publisher{\textquoteright}s self-archiving policy. Further copying may not be permitted; contact the publisher for details.",
year = "2020",
month = oct,
day = "21",
doi = "10.1093/cdj/bsaa047",
language = "English",
pages = "1--22",
journal = "Community development journal",
issn = "0010-3802",
publisher = "Oxford University Press",

}

RIS (suitable for import to EndNote) - Download

TY - JOUR

T1 - Financial subordination and uneven financialization in 21st century Africa

AU - Kvangraven, Ingrid Harvold

AU - Koddenbrock, Kai

AU - Sylla, Ndongo Samba

N1 - © Oxford University Press and Community Development Journal 2020. This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. Further copying may not be permitted; contact the publisher for details.

PY - 2020/10/21

Y1 - 2020/10/21

N2 - The financialization debate has not paid enough attention to the African continent. The continent’s populations and governments have found creative ways of dealing with the capitalist world market and political power relations since decolonization in the late 1950s. However, several forms of structural dependence and subordination persist. We ask in this article how the global process of financialization has unfolded across the continent and what it means for relations of dependence. We understand financialization as the global expansion of financial practices, and, in particular, the financial sector, that followed the end of the Bretton Woods era. We consider to what extent it has occurred at all in the four case study countries of Mauritius, Nigeria, Zambia, and South Africa. The empirical analysis of aggregate country data shows that financialization is, at best, an uneven and patchy process on the continent, not a general structural shift in the way capital accumulation is organized. Rather, where financialization occurred, it appears to have diversified the relations of dependence that states, corporations, and populations have found themselves in.

AB - The financialization debate has not paid enough attention to the African continent. The continent’s populations and governments have found creative ways of dealing with the capitalist world market and political power relations since decolonization in the late 1950s. However, several forms of structural dependence and subordination persist. We ask in this article how the global process of financialization has unfolded across the continent and what it means for relations of dependence. We understand financialization as the global expansion of financial practices, and, in particular, the financial sector, that followed the end of the Bretton Woods era. We consider to what extent it has occurred at all in the four case study countries of Mauritius, Nigeria, Zambia, and South Africa. The empirical analysis of aggregate country data shows that financialization is, at best, an uneven and patchy process on the continent, not a general structural shift in the way capital accumulation is organized. Rather, where financialization occurred, it appears to have diversified the relations of dependence that states, corporations, and populations have found themselves in.

U2 - 10.1093/cdj/bsaa047

DO - 10.1093/cdj/bsaa047

M3 - Article

SP - 1

EP - 22

JO - Community development journal

JF - Community development journal

SN - 0010-3802

ER -