Overview

This book explores the role of governments and financial institutions in managing the markets in the developing world. These 'Great Predators' are trapping the populations of the Global South in a permanent cycle of austerity. Through a framework of political economy, Money and Power shows how pseudo-public 'development' institutions retain complete economic control over developing markets, while the international system remains unregulated. Operating in the interests of North America and the European Union, these Great Predators have a political purpose, and yet serve to cloud the brute power relations between states.

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9780745320113

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Reviews

'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. '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. 'Cutting-edge' -- Patrick Bond, Senior Professor, University of KwaZulu-Natal School of Development Studies, Durban, South Africa '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

A committed, thoughtful, closely and rigorously-argued work. This book explains the most important constraints to economic development today. An essential contribution to understanding economic 'development' in our troubled times. 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. Sarah Bracking exposes in meticulous and elegant detail the economic and political interests that lie behind aid. The books great strength lies in its insistance on viewing the institutions that promote and service the development industry ... through the lens of power relations. In a strikingly original analysis, Bracking pushes explanations of the failures of development. -- Nick Hildyard works with the Corner House, a UK research and solidarity group focusing on human rights, environment and development. Our understanding of allegedy 'concessional' finance and donor credit will never be the same, what with Bracking's critique of predatory multilateral and bilateral institutions. Now ... we can get back to a rigorous political economy of finance and uneven development, of which this is a cutting-edge example. -- Patrick Bond, Senior Professor, University of KwaZulu-Natal School of Development Studies, Durban, South Africa The message of this book is urgent and timely. Bracking's Money and Power is a clear and trenchant indictment of the view that private capital has the interest and capacity to develop the Global South. She shows [and documents] in graphic detail how the private sector exacts a profit in developing countries alongside the rhetoric of poverty reduction and promotion of development. -- Raymond Bush, Professor in African Studies and Development Politics, University of Leeds Bracking's book ... may offer a prospect for promoting greater international justice and equity between states. ... This is an especially important contribution because ... [it] deliver[s] 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

<p> A committed, thoughtful, closely and rigorously-argued work. This book explains the most important constraints to economic development today. An essential contribution to understanding economic 'development' in our troubled times. The most relevant analysis of how money and capitalist power reproduce poverty in today's world. <p>Professor Alfredo Saad Filho, Head of Department of Development Studies, School of Oriental and African Studies, University of London

Author Information

Sarah Bracking is a Senior Lecturer in Politics and Development at the University of Manchester. She is the editor of Corruption and Development (Palgrave, 2007) and Money and Power (Pluto, 2009) and a member of the Review of African Political Economy editorial working group.

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