Money and Power

Money and Power : Great Predators in the Political Economy of Development

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This book explores the role of governments and financial institutions in managing the markets in the developing world.

These 'Great Predators' are trapping the populations of the Global South in a permanent cycle of austerity. Through a framework of political economy, Money and Power shows how pseudo-public 'development' institutions retain complete economic control over developing markets, while the international system remains unregulated.

Operating in the interests of North America and the European Union, these Great Predators have a political purpose, and yet serve to cloud the brute power relations between states.
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Product details

  • Hardback | 256 pages
  • 137.16 x 215.9 x 20.32mm | 408.23g
  • London, United Kingdom
  • English
  • 7 figures
  • 0745320120
  • 9780745320120

Table of contents

1. The political economy of development

2. Money in the political economy of development

3. Making Markets

4. International development banks and creditor states

5. The British Market Makers

6. Poverty in Africa and the history of multilateral aid

7. Derivative business and aid-funded accumulation

8. Private sector development and bilateral interventions

9. Taking the long view of promoting capitalism

10. Aid effectiveness: what are we measuring?

11. Conclusion


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Review quote

'Delivers important detail about how northern elites and businesses, under the guise of development maintain and promote international inequality' -- Raymond Bush, Professor in African Studies and Development Politics,

University of Leeds 'A clear and trenchant indictment of the view that private capital has the interest and capacity to develop the Global South' -- Raymond Bush, Professor in African Studies and Development Politics, University of Leeds 'Cutting-edge' -- Patrick Bond, Senior Professor, University of KwaZulu-Natal School of Development Studies, Durban, South Africa 'Exposes in elegant detail the economic and political interests that lie behind aid' -- Nick Hildyard works with the Corner House, a UK research and solidarity group focusing on human rights, environment and development. 'A committed, thoughtful, closely and rigorously-argued work. The most relevant analysis of how money and capitalist power reproduce poverty in today's world' -- Professor Alfredo Saad Filho, Head of Department of Development Studies, School of Oriental and African Studies, University of London.
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About Sarah Bracking

Sarah Bracking is a Senior Lecturer in Politics and Development at the University of Manchester. She is the editor of Corruption and Development (Palgrave, 2007) and Money and Power (Pluto Press, 2009) and a member of the Review of African Political Economy editorial working group.
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