Financialisation and development in Asia

Bibliographic Information

Financialisation and development in Asia

edited by Toby Carroll and Darryl S.L. Jarvis

Routledge, 2015

Available at  / 3 libraries

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Note

"The chapters in this book were originally published in Asian studies review, volume 38, issue 4 (December 2014)"--P. vii

Includes bibliographical references and index

Description and Table of Contents

Description

Multilateral development agencies have increasingly focused on underdeveloped Asian countries as potential new sites for financial capital. Often referred to as 'emerging markets', these economies are seen as ripe for private sector investment and, at the same time, in need of foreign capital to support rapid industrialisation, modernisation and poverty reduction. This confluence of interests suggests a means for quickly closing the 'development gap', primarily through mobilising regulatory, institutional and governance reforms designed to reduce barriers to foreign capital, institutional inefficiencies and risks to investment, capital repatriation and market operation. Therefore, development agencies now encourage the construction of 'enabling environments' to support 'market driven development' through processes variously identified as 'financialisation', centring on the role of the market and private capital. While the state itself has historically occupied a central place in economic development, new financialised modes of development are increasingly marginalising the state, its influence in the economy and thus its ability to manage developmental outcomes. In this volume a collection of leading authors critically assess these developments, highlighting the emergence of financialised modes of development and their contested and often problematic nature. Drawing upon a series of case studies, the contributors explore not just the increasing use of financialised development initiatives, but assess critically their implications in terms of the emergent risks, costs and inequalities that often accompany them. This book was originally published as a special issue of the Asian Studies Review.

Table of Contents

1. Introduction: Financialisation and Development in Asia under Late Capitalism 2. Global Politics of Microfinancing Poverty in Asia: The Case of Bangladesh Unpacked 3. Innovation and the Entrepreneurial State in Asia: Mechanisms of Bond Market Development 4. Building a Venture Capital Market in Vietnam: Diffusion of a Neoliberal Market Strategy to a Socialist State 5. Financialisation through Microfinance: Civil Society and Market-Building in India 6. Market Creation by Leninist Means: The Regulation of Financial Services in the People's Republic of China

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Details

  • NCID
    BB19571846
  • ISBN
    • 9781138901421
  • Country Code
    uk
  • Title Language Code
    eng
  • Text Language Code
    eng
  • Place of Publication
    Abingdon
  • Pages/Volumes
    x, 112 p.
  • Size
    26 cm
  • Classification
  • Subject Headings
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