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Derivatives and Development: A Political Economy of Global Finance, Farming, and Poverty

Derivatives and Development: A Political Economy of Global Finance, Farming, and Poverty

Hardcover

EconomicsGeneral Political Science

ISBN10: 0230338925
ISBN13: 9780230338920
Publisher: Palgrave MacMillan
Published: Jun 27 2012
Pages: 244
Weight: 0.95
Height: 0.70 Width: 5.60 Depth: 8.60
Language: English
Derivatives and Development engages recent efforts to deploy derivatives as tools for economic development. Even as these complex financial instruments are indicted for their role in the global food and financial crises, they are elsewhere hailed as innovative solutions to poverty and insecurity in rural Africa, Latin America, and Asia. The critical analysis undertaken here reveals that derivatives leave much to be desired as development tools. Breger Bush argues that derivatives markets work in the development context as engines of inequality and instability, aggravating poverty among those they are purported to help and highlighting some of the dangers of neoliberal globalization for the poor.

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Loparo, Kenneth A.

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General Political Science