Conceptualising financialisation in developing and emerging economies: systemic and global perspectives

Le résumé fourni par la source

The Cambridge Journal of Economics Special Issue on ‘Financialisation in Developing and Emerging Economies: Manifestations, Drivers and Implications’ is actually divided across a two-part issue. The first issue collects contributions that take a broadly conceptual and/or global approach to analysing financialisation in developing and emerging economies (DEEs) and seek to identify what makes financialisation in those economies distinct. The second issue, to be published in September 2022, focuses on case studies that analyse the specificities and variegations of financialisation across a range of DEEs. When we announced the Special Issue in 2019, there was already a growing literature on, and interest in, financialisation in DEEs. Yet many questions remained unanswered. What are the specific features of financialisation in DEEs? How can we conceptualise and investigate them? Are there different processes of financialisation across DEEs? What roles are played by different agents, institutions, policies and indeed locational factors in shaping these processes? Is financialisation in DEEs driven mainly by international factors or by endogenous political economy processes? Does the mainstream Anglo-Saxon narrative of DEEs underestimate the structural differences of these economies and, therefore, their different financialisation practices and features? Thus, the main objective of the Special Issue was to improve our understanding of the manifestations, drivers and implications of the process of financialisation in these economies. We were particularly interested in conceptual contributions to the literature.

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