... distressed financial institutions, in part a reflection ofthe large number of financial institutions in these countries at the start ofthe crisis.Regarding the unconditional probability of closure, ... Asia financial crisis a good event to investigate the role of these connections in causing and resolving financial institutions’ distress. Furthermore, the general causes of the East Asian financial ... identified asone ofthe following: i) the financial institution was closed; ii) the financial institutionwas merged with another financial institution;10 iii) the financial institution wasrecapitalized...
... considerations were at the heart ofthe formation of a semi-professional rugby league in the north of England in 1895.54 Given the class dimensions ofthe game inthe Australian context (described ... certainty. Even the indigenous game of Australian Rules football, widely acknowledged as having its roots inthe games played inthe parklands of Melbourne during the late 1850s, suffers in ... overused, then the problem becomes exacerbated and the credibility ofthe discipline, and the authenticity ofthe histories being written, is threatened.12Such an outlook reflects much ofthe historiography...
... all the great meanings ofthe modernage, from the Enlightenment to now, ofhuman progress and the civil-ising mission ofhuman intervention. After the eclipsing ofthe socialistproject inthe ... illustrate the inequities of the trading system, the persistence of unequal exchange, the mythssurrounding the benevolence of aid, phantom aid and the degree of capital flight and brain drain afflicting ... modernisa-tion and, in highlighting the poverty ofthe mainstream, offers criticalinsight into the theoretical perspectives that help explain global injusticeand thepolitical and social forces...
... power inthe academic literature of international politicaleconomy has allowed neoliberalism to remain the dominant ideology of international development theory and for the Great Predators ofthe ... means of this account, introduces the reader to the contours ofthepoliticaleconomyof development and the institutionalregime within which ‘creditor states’13compete and co-operate in the extension ... inthepolitical economy of developmentVarious factors have been included in analysis ofthe increased impov-erishment ofthe poorer world inthe last quarter century or so: declines in commodity...
... how the divide between the global haves and have-nots is maintained; the technical slights of hand are the implementing policy machine of the politicaleconomyof development. It is worth looking ... banks. They exist at the ‘commanding heights’ (Arrighi 1994: xii), in the boardroom ofthe global economy, and their relatively smallnumber explains in part both the herd behaviour of investors ... to undermine the critique of globalpower to which the international worker and social movement isinclined. It is the ‘gift from the American people’ stamped on the bag of corn inthe television...
... senior official inthe CDC in 1993, referring to the case of Kenya, noted that the CDC would takeinvestment decisions:by understanding thehuman nature of these people, how theyare moving and the ... politicians, rather than looking atcomputer figures. So I think there is a lot of, in this business of investing in developing countries, there is an awful lot of experience, that comes in. (Interview, ... disbursements by usingfinancing through the IDA to pay the IMF! Indeed, Oxfam cite the shock-ing statistic that, inthe case of Zambia during the late 1990s, ‘well overhalf ofthe finance provided...
... tocollectivise the control over independent African countries’ reintegra-tion into the world economy, with the CDC acting as the chair of the ‘committee managing the common affairs ofthe whole bourgeoisie’, ... Marx. The CDC was in co-operation with the World Bank asearly as 1950 inthe co-financing ofthe Kariba Dam project inthe thenCentral African Federation, ‘much the largest single CDC investmentat ... the Corporation with: the duty of securing the investigation, formulation andcarrying out of projects for developing resources of colonialterritories with a view to the production therein of...
... institu-tions ofthe British state and an account ofthe changing role ofthe CDC in managing investment and liquidity. The case study shows how onedominant core lender inthe global interstate ... problem of distance is at the centre ofthepolitical and culturalproblem of relational poverty. As Mayer summarises, again in terms of the HIV/AIDS pandemic: the real problem remains one ofpolitical ... by the collectivisation ofthe management of development finance and the socialisation of risk inthe markets ofthe South, emerged.This chapter has given an historical review ofthe frontier institu-tions...
... grown in absolute terms, but also the process of multilateralisation of aid finance which took place in the years following the onset ofthe debt crisis inthe context of a drop-ping off of private ... Of course, there is another economyin Africa which is informal andpossible quite large, but the official one reviewed here showsincreasing inequality and income poverty for the majority. Adding in to ... perceived:a decline inthe presence of UK-based companies inthe supply of goods for projects financed by the Bank. This is usually anindication that the manufacturing base ofthe supply country...
... appoints the Supervisory Board and the Managing Director. Needs Danish co-investor.Swedfund Wholly state-owned Sweden At the end of Representatives ofthe Ministry of Finance and the Ministry of ... billion (an increase of £4.9 billion on the amount invested in 2005), contributing to an International Invest-ment Position (the overall level of foreign direct investment) at the end of 2006 of £734.7 ... expressed by transferringresources overseas, rather than the reality of a situation where the flow is inthe other direction in terms of many ofthe poorest coun-tries and is inthe UK’s favour overall....
... wemeasuring? In the last three chapters we have examined profitability within the politicaleconomyof aid, both in and of itself in chapter 7 (throughdirect contracts), and then in terms ofthe ... sector, illustrating well the role of DFIs in providing institutions and structures for the export, and then recy-cling, of finance capital from the core states. In Ghana the CDC worked in collaboration ... little about the contribution of aid to wellbeing.Quite simply, the wrong things are being measured, proceeding from amisleading representation ofthe benevolence of aid. The mainstreamfocus...
... thesis about the meaning of power, in 2. The experience ofthe poor has contradicted the discursive meaningsgiven to DFIs within the dominant ideology ofthe age; that is, the discourse of modernist ... face of soaring prices. The non-oil producing countrieswith the lowest incomes will pay most, and the poorest people withinthem are the last in line. For these people there are no luxuries in theirbudgets, ... growth.4Instead the concern hereis that inthe process of ‘giving aid’ inthe system we have at the moment, the opportunities to do these types of things may be fore-closed, or the effect of doing...
... their inherited ways of thinking and doing. Because of this, and because of what they do, the institutions ofthe development age have become criticallyconstrained in their ability to sell the ... to the poor, while simultaneously pursuing the export of capital from the North and the reconstruction of Northern power andprivilege. The nightmare ofthe past inthe everyday lives ofthe ... ‘big’players, they are not, at the time of writing, having a decisive role in (re)setting the rules ofthe game (yet).3. According to the Economist (2008), the governments of Singapore, Kuwaitand...