Bortz, PG and Kaltenbrunner, A orcid.org/0000-0003-3519-5197 (2018) The International Dimension of Financialization in Developing and Emerging Economies. Development and Change, 49 (2). pp. 375-393. ISSN 0012-155X
Abstract
This contribution discusses the international aspect of financialization in developing and emerging economies (DEEs). It argues that international financialization is more than just an increase in cross‐border capital flows but entails distinct qualitative changes in the way economic agents are integrated into international financial markets. Moreover, in line with the emerging literature on subordinated financialization, the article shows how these changes have been shaped by, and have themselves exacerbated, the subordinated position of DEEs in the international economic and financial system and hence have contributed to uneven international development. Based on an empirical discussion of recent changes in DEEs’ international financial integration, the article concludes with some concrete policy proposals on how to confront these international aspects of financialization.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2017 International Institute of Social Studies. This is the pre-peer reviewed version of the following article: The International Dimension of Financialization in Developing and Emerging Economies, Pablo G. Bortz Annina Kaltenbrunner, Development and Change 49(2): 375–393. DOI: 10.1111/dech.12371, which has been published in final form at https://doi.org/10.1111/dech.12371. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving. |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 04 Oct 2017 10:20 |
Last Modified: | 19 Dec 2019 01:38 |
Status: | Published |
Publisher: | Wiley |
Identification Number: | 10.1111/dech.12371 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:121990 |