-PDF Download- The Inexorable Evolution Of Financialisation EBOOK

The Inexorable Evolution of Financialisation

Author: Domna M. Michailidou

Publisher: Springer

Published: 2016-04-29

Total Pages: 214

ISBN-13: 1137553642

Since the 2007 financial crisis, discussion on issues related to the size, spread and frequency of financial crises has captivated a wide variety of audiences. Why has the world economy experienced such a marked increase in financial transactions and private and public indebtedness since the 1980s? How have middle-income developing countries suddenly become a part of this dynamic? And, most importantly, how has the topic of financial crises been featured in households’ daily discussions in both developed and developing parts of the world? Domna Michailidou addresses the questions above through exploring the inexorable evolution of financialisation into financial crisis through the examination of three middle-income countries: Mexico, Brazil and South Korea. Concentrating on emerging economies, and especially choosing three very different economies that all experienced financial crises in the 1990s, this book explores what lessons can be learnt regarding financial fragility, volatility and failure in the wake of capital market liberalisation.

Manias, Panics, and Crashes

Author: Robert Z. Aliber

Publisher: Springer Nature

Published: 2023-03-06

Total Pages: 433

ISBN-13: 3031160088

DOWNLOAD EBOOK →

In the Eighth Edition of this classic text on the financial history of bubbles and crashes, Robert McCauley joins with Robert Aliber in building on Charles Kindleberger's renowned work. McCauley draws on his central banking experience to introduce new chapters on cryptocurrency and the United States as the 21st Century global lender of last resort. He also updates the book's coverage of the recent property bubble in China, as well as providing new perspectives on the US housing bubble of 2003-2006, and the Japanese bubble of the late 1980s. And he gives new attention to the social psychology that leads people to take the risk of investing in Ponzi schemes and asset price bubbles. For the first time in this revised and updated edition, figures highlight key points to ensure that today’s generation of finance and economic researchers, students, practitioners and policy-makers—as well as investors looking to avoid crashes—have access to this panoramic history of financial crisis.

Assembling Financialisation

Author: Zannie Langford

Publisher: Berghahn Books

Published: 2023-10-13

Total Pages: 317

ISBN-13: 1805393820

DOWNLOAD EBOOK →

Farmers, Indigenous organisations, government and private-sector intermediaries from remote Northern Australia often negotiate with private finance capital to gain funds for agricultural development.The concept of financialisation is used to explore the drivers and effects of agri-food restructuring in the area, while assemblage theory is applied to position local actors as potential sites of power in negotiating connections between local spaces and global finance. This book demonstrates that while financialisation is a useful signifier of patterns of global change, it is assembled by a diverse range of often contradictory work.

Neoliberalism in the Emerging Economy of India

Author: Byasdeb Dasgupta

Publisher: Routledge

Published: 2021-07-07

Total Pages: 184

ISBN-13: 1000406407

DOWNLOAD EBOOK →

Neoliberal economic reforms over the last four decades have altered the economic cartography of emerging market economies such as India, particularly in the context of international trade, investment and finance, and in terms of their effects on the real economy. This book examines the issues of financialization, investment climate and the impact of trade liberalization. By analysing these three features of neoliberal reform the book is unique, since it accommodates both a mainstream neoclassical approach and a non-mainstream political economy approach. The major questions answered by this book, cover three basic lines of enquiry pertaining to neoliberal reforms. They are (a) how financialization as a new process affects the real economic health of emerging market economies characterized by globalization; (b) how the changing form of international trade in the new regime impacts upon the informal economy, and employment and trade potential in the home country; and (c) how global investment has shaped the real economy in emerging countries like India. The book will be extremely useful for postgraduate students of international economics, particularly development economics and political economy, including researchers with a keen interest in India.

3-in-1: Governing A Global Financial Centre

Author: Jun Jie Woo

Publisher: World Scientific

Published: 2017-06-21

Total Pages: 127

ISBN-13: 9813221186

DOWNLOAD EBOOK →

3-in-1: Governing a Global Financial Centre provides a comprehensive understanding of Singapore's past development and future success as a global financial centre. It focuses on three transformational processes that have determined the city-state's financial sector development and governance — globalisation, financialisation, and centralisation — and their impacts across three areas: the economy, governance, and technology. More importantly, this book takes a multidimensional approach by considering the inter-related and interdependent nature of these three transformational processes. Just like the 3-in-1 coffee mix that is such an ubiquitous feature of everyday life in Singapore, the individual ingredients of Singapore's success as a global financial centre do not act alone, but as an integrated whole that manifests itself in one final product: the global financial centre.

Financialisation in the Automotive Industry

Author: Marcelo José do Carmo

Publisher: Routledge

Published: 2021-07-08

Total Pages: 117

ISBN-13: 1000449343

DOWNLOAD EBOOK →

Where presidents or members of affluent families were previously seen, it is increasingly the case that car manufacturers are owned by banks and investment funds which have taken control of the entire economic life of these firms. This has significant impact on the terms of employment and layoffs, wages and precarious work, growing inequalities in income strata, compensation levels for executives, and the implementation of short-termist strategies across business operations. This book explores this increasing financialisation – the predominance of the financial sector over the productive sector – in the automotive industry. In particular it is shown that the financial operations of these companies through leasing, insurance, loans and other financial instruments is now much more profitable than the manufacturing aspects of the business, which was originally the raison d’être for these fi rms. The chapters demonstrate how there are great demands to increase the return to shareholders as a main concern, despite other metrics and/ or other stakeholders. The work studies the impact of financialisation at the world’s five largest automakers which together represent almost 50% of car production, providing an exploratory analysis of profitability, shareholder composition, compensation to executives, workers’ salaries, dividend payments to shareholders and employment. Encouraging debate on contemporary economy, this book marks a significant addition to the literature on financialisation, contemporary forms of capitalism, labour and economic sociology more broadly.

The Takeover of Social Policy by Financialization

Author: Lena Lavinas

Publisher: Springer

Published: 2017-03-25

Total Pages: 233

ISBN-13: 1137491078

DOWNLOAD EBOOK →

This book critically addresses the model of social inclusion that prevailed in Brazil under the rule of the Workers Party from the early 2000s until 2015. It examines how the emergence of a mass consumer society proved insufficient, not only to overcome underdevelopment, but also to consolidate the comprehensive social protection system inherited from Brazil’s 1988 Constitution. By juxtaposing different theoretical frameworks, this book scrutinizes how the current finance-dominated capitalism has reshaped the role of social policy, away from rights-based decommodified benefits and towards further commodification. This constitutes the Brazilian paradox: how a center-left government has promoted and boosted financialization through a market incorporation strategy using credit as a lever for expanding financial inclusion. In so doing, it has pushed the subjection of social policy further into the logic of financial markets.

The Future of Money

Author: Mary Mellor

Publisher: Pluto Press

Published: 2010-05-15

Total Pages: 0

ISBN-13: 9780745329949

DOWNLOAD EBOOK →

As the recent financial crisis has revealed, the state is central to the stability of the money system, while the chaotic privately-owned banks reap the benefits without shouldering the risks. This book argues that money is a public resource that has been hijacked by capitalism. Mary Mellor explores the history of money and modern banking, showing how finance capital has captured bank-created money to enhance speculative leveraged profits as well as destroying collective approaches to economic life. Meanwhile, most individuals, and the public economy, have been mired in debt. To correct this obvious injustice, Mellor proposes a public and democratic future for money. Ways are put forward for structuring the money and banking system to provision societies on an equitable, ecologically sustainable sufficiency basis. This fascinating study of money should be read by all economics students looking for an original analysis of the economy during the current crisis.

Seventeen Contradictions and the End of Capitalism

Author: David Harvey

Publisher: Oxford University Press, USA

Published: 2014

Total Pages: 354

ISBN-13: 019936026X

DOWNLOAD EBOOK →

David Harvey examines the foundational contradictions of capital, and reveals the fatal contradictions that are now inexorably leading to its end

Inventing the Future

Author: Nick Srnicek

Publisher: Verso Books

Published: 2015-11-17

Total Pages: 358

ISBN-13: 1784780987

DOWNLOAD EBOOK →

This major new manifesto offers a “clear and compelling vision of a postcapitalist society” and shows how left-wing politics can be rebuilt for the 21st century (Mark Fisher, author of Capitalist Realism) Neoliberalism isn’t working. Austerity is forcing millions into poverty and many more into precarious work, while the left remains trapped in stagnant political practices that offer no respite. Inventing the Future is a bold new manifesto for life after capitalism. Against the confused understanding of our high-tech world by both the right and the left, this book claims that the emancipatory and future-oriented possibilities of our society can be reclaimed. Instead of running from a complex future, Nick Srnicek and Alex Williams demand a postcapitalist economy capable of advancing standards, liberating humanity from work and developing technologies that expand our freedoms. This new edition includes a new chapter where they respond to their various critics.