Global Finance and Development (Routledge Perspectives on Development)

Book Title: Global Finance and Development

Author: David Hudson
Publisher: Taylor & Francis Ltd
Edition: 1
Binding: Paperback
Format: Illustrated
Number of Pages: 398
Release Date: 03-12-2014
EAN: 9780415436359
Package Dimensions: 8.8 x 6.1 x 0.9 inches
Languages: English

Details:
The question of money—how to provide it, and how to acquire it where needed—is axiomatic to development. The realities of global poverty and the inequalities between the ‘haves’ and the ‘have-nots’ are well documented, and the gaps between the world’s richest and poorest are ever-increasing. Even though funding development is assumed to be key, the relationship between finance and development is contested and complex.

This book explores the variety of relationships between finance and development, offering a broad and critical understanding of these connections. It examines finance in its various aspects, with separate chapters on aid, debt, equity, microfinance, and remittances. Throughout the text, finance is presented as a double-edged sword: while it is vital for poverty reduction, helping to fund development, critical approaches remind us of the ways finance can also hinder development.

It includes a range of case studies, such as UK aid to India, debt in Zambia, Apple’s investment in China, microfinance in Mexico, government bond issues in Chile, and the financial crisis in East Asia. The book explores the relationship between public and private sources of finance and debates over direct funding versus the allocation of credit through commercial financial markets. It also looks at finance and development at various levels, from global finance structures to local practices.

Global Finance and Development offers a critical understanding of the nature of finance and its role in development. This book encourages readers to view financial processes as embedded within the broader structure of social relationships.