Étiqueté : development

Discussion Paper Series 2017 #02: « Premature financialization: a conceptual exploration »

By Hugh Whittaker. This paper reviews some of the recent writing on financialization and its effects in developing countries. Acknowledging the positive role of finance in development, it argues that beyond a certain point of ‘financial deepening’ there are negative consequences. Financialization affects the economy, and also the state.