Money and Power: Great Predators in the Political Economy of Development (Third World in Global Politics)

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9780745320120: Money and Power: Great Predators in the Political Economy of Development (Third World in Global Politics)
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Sarah Bracking explores the role of governments and development finance institutions in managing the markets in which the poorest countries operate. These institutions -- the 'Great Predators' -- are trapping the populations of the south in a permanent cycle of austerity.

Bracking examines the political economy relations between states. She shows how pseudo-public 'development' institutions retain complete economic control over Southern markets, yet the international system is itself unregulated. Operating in the interests of North America and the European Union, they have a political purpose, and yet serve to cloud the brute power relations between states.

This book will be of interest to anyone studying debt and development, global financial institutions, and the way the world economy is regulated and governed.

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About the Author:

Sarah Bracking is a Senior Lecturer in Politics and Development at the University of Manchester. She is the editor of Corruption and Development (2007) and a member of the Review of African Political Economy editorial working group.

Review:

'Delivers important detail about how northern elites and businesses, under the guise of development maintain and promote international inequality' -- Raymond Bush, Professor in African Studies and Development Politics, University of Leeds 'A clear and trenchant indictment of the view that private capital has the interest and capacity to develop the Global South' -- Raymond Bush, Professor in African Studies and Development Politics, University of Leeds 'Cutting-edge' -- Patrick Bond, Senior Professor, University of KwaZulu-Natal School of Development Studies, Durban, South Africa 'Exposes in elegant detail the economic and political interests that lie behind aid' -- Nick Hildyard works with the Corner House, a UK research and solidarity group focusing on human rights, environment and development. 'A committed, thoughtful, closely and rigorously-argued work. The most relevant analysis of how money and capitalist power reproduce poverty in today's world' -- Professor Alfredo Saad Filho, Head of Department of Development Studies, School of Oriental and African Studies, University of London.

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