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      Financialisation and Poverty Alleviation in Ghana: Myths and Realities

      3 in stock

      Firm sale: non returnable item
      SKU 9781642598032 Categories ,
      This systematic, carefully argued analysis of Ghana's neoliberal economic policies reveals the abject failures of financialization to alleviate suffering.

      The neoliberal policy response to the crisis in Ghana did not succeed in reversing the economic decline in either the medium or long term. ...

      £30.00

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      Description

      Product ID:9781642598032
      Product Form:Paperback / softback
      Country of Manufacture:GB
      Series:Studies in Critical Social Science
      Title:Financialisation and Poverty Alleviation in Ghana
      Subtitle:Myths and Realities
      Authors:Author: Francis B. Frimpong
      Page Count:267
      Subjects:Development studies, Development studies, Social classes, Politics and government, Development economics and emerging economies, Economic systems and structures, Social classes, Politics & government, Development economics & emerging economies, Economic systems & structures
      Description:This systematic, carefully argued analysis of Ghana's neoliberal economic policies reveals the abject failures of financialization to alleviate suffering.

      The neoliberal policy response to the crisis in Ghana did not succeed in reversing the economic decline in either the medium or long term. In fact, quite the opposite: rather than undoing the economic decline, Francis Boateng Frimpong argues that these policy prescriptions further weakened the country’s ability to develop. This is because the policies intentionally and unintentionally encouraged factors that destabilised the possibility of the real productive assets earning commensurate returns that could facilitate the flow of capital to the real sectors and thus failed to ensure the survival of industrial enterprises. Rising profit in the financial sector incentivised financial capitalists to divert capital into financial assets at the expense of productive investment, further decelerating the pace of real capital accumulation in the country, thereby exacerbating the crisis.


      Imprint Name:Haymarket Books
      Publisher Name:Haymarket Books
      Country of Publication:GB
      Publishing Date:2022-11-22

      Additional information

      Weight426 g
      Dimensions152 × 229 × 19 mm