I recently published a new article in Community Development, along with Kai Koddenbrock and Ndongo Samba Sylla. In the article, Financial subordination and uneven financialisation in 21st century Africa, we ask how the global process of financialization has unfolded across the continent and what it means for relations of dependence. The empirical analysis of aggregate country data shows that financialization is, at best, an uneven and patchy process in the region, not a general structural shift in the way capital accumulation is organized.
I just published a new article in the Review of Political Economy, “Nobel Rebels in Disguise — Assessing the Rise and Rule of the Randomistas,” which assesses the theoretical and empirical foundations of the use of randomised control trials in Economics, and its impact on policy debates in development economics and in the aid industry.
Along with Kai Koddenbrock and Ndongo Samba Sylla, I recently published the pre-print Beyond Financialisation – The Need for a Longue Durée Understanding of Finance in Imperialism on OSF Preprints. This is part of an ongoing research project we are working on and we welcome any comments on the paper!
It was great fun to discuss the big questions in development economics with Prof. Dan Banik on his podcast In Pursuit of Development. Listen to it and read more about it here.
I had the pleasure and honour of debating ‘A New International Development Paradigm. Do the Sustainable Development Goals Drive Global Progress?’ with Dr. Fred Muhumuza (Makerere University) and Prof. Dr. Aram Ziai (University of Kassel) at the Online Summer Academy for Pluralist Economics, August 2020.
The blurb for the panel:
The Sustainable Development Goals (SDGs) of the United Nations are considered a universal benchmark for development around the world. But is it realistic to have such a benchmark for countries/regions whose societies are structured within different local contexts? During this discussion, the panelists will share their perspectives on what development is, on the relevance of the SDGs, and on what a new development paradigm could look like in light of the COVID-19 pandemic.
I wrote a post for openDemocracy laying out how a dependency theory research programme can help us understand the global impacts of COVID-19. Check it out.
I recently published “Beyond the Stereotype: Restating the Relevance of the Dependency Research Programme” in Development and Change. Here is the abstract:
This article evaluates the relevance of dependency theory for understanding contemporary development challenges, especially in the light of changes in the global economy over the past 50 years. In order to do so, the article rectifies previous misunderstandings of the scholarship and offers a new definition of dependency theory as a research programme, rather than a singular theory. Four core tenets of this research programme are identified: a global historical approach; theorizing of the polarizing tendencies of global capitalism; a focus on structures of production; and a focus on the specific constraints faced by peripheral economies. While each of these elements can be found in many contemporary theories, what makes dependency theory unique — and a particularly strong research programme — is the combination of these elements. The article demonstrates how this approach provides a deep and broad understanding that is necessary to appreciate the persistence of uneven development with reference to two case studies, namely successful industrialization in South Korea, and how the fragmentation of global value chains has impacted industrialization in Indonesia. Finally, the article argues that approaching these kinds of cases through a dependency research programme can contribute to a fruitful renewal of development studies.
With debate raging around the implications of COVID-19 for the “developing world”, Ingrid Kvangraven’s turn to guest curate the Cyberflâneur has come at the right time.[…] Ingrid has “chosen a selection of articles that can help us better understand how COVID-19 will impact developing countries and the underlying structures that lead to inequitable and underfunded health systems, with a focus on financialization and imperialism.” You’ll find some real gems, including on the “coloniality in knowledge production about public health”, why blended finance might not be as good as it sounds or how the IMF and World Bank have fed an audit culture “serving to obscure the destructive effects of NGO proliferation on public health systems”.
See the selection of articles with my comments here.