Financialisation and poverty alleviation in Ghana :: myths and realities /
"The neoliberal policy response to the crisis in Ghana did not succeed in reversing the economic decline in both the medium and long term. In fact, quite the opposite, rather than undoing the economic decline, Frimpong argues that the policy prescriptions further weakened the country's abi...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Leiden ; Boston :
Brill,
[2022]
|
| Schriftenreihe: | Studies in critical social sciences ;
v. 209. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "The neoliberal policy response to the crisis in Ghana did not succeed in reversing the economic decline in both the medium and long term. In fact, quite the opposite, rather than undoing the economic decline, Frimpong argues that the policy prescriptions further weakened the country's ability to develop. This is because the policies intentionally and unintentionally encouraged factors that destabilised the possibility of the real productive assets to earn commensurate returns to facilitate the flow of capital to the real sectors to ensure the survival of industrial enterprises. Rising profit in the financial sector incentivised financial capitalist to divert capital into financial assets at the expense of productive investment, further decelerating the pace of real capital accumulation in the country"-- |
| Beschreibung: | 1 online resource : color illustrations. |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9004500022 9789004500020 |
| ISSN: | 2666-2205 ; |
Internformat
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| 100 | 1 | |a Frimpong, Francis Boateng, |e author. |0 http://id.loc.gov/authorities/names/n2021054167 | |
| 245 | 1 | 0 | |a Financialisation and poverty alleviation in Ghana : |b myths and realities / |c by Francis Boateng Frimpong. |
| 246 | 3 | |a Financialization and pvoerty alleviation in Ghana | |
| 264 | 1 | |a Leiden ; |a Boston : |b Brill, |c [2022] | |
| 300 | |a 1 online resource : |b color illustrations. | ||
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| 490 | 1 | |a Studies in critical social sciences, |x 2666-2205 ; |v volume 209 | |
| 490 | 0 | |a New scholarship in political economy ; |v volume 14 | |
| 504 | |a Includes bibliographical references and index. | ||
| 520 | |a "The neoliberal policy response to the crisis in Ghana did not succeed in reversing the economic decline in both the medium and long term. In fact, quite the opposite, rather than undoing the economic decline, Frimpong argues that the policy prescriptions further weakened the country's ability to develop. This is because the policies intentionally and unintentionally encouraged factors that destabilised the possibility of the real productive assets to earn commensurate returns to facilitate the flow of capital to the real sectors to ensure the survival of industrial enterprises. Rising profit in the financial sector incentivised financial capitalist to divert capital into financial assets at the expense of productive investment, further decelerating the pace of real capital accumulation in the country"-- |c Provided by publisher. | ||
| 588 | |a Description based on online resource; title from digital title page (viewed on December 10, 2021). | ||
| 505 | 0 | |a ACKNOWLEDGEMENTS -- ABBREVIATIONS -- LIST OF TABLES AND FIGURES -- PREFACE -- Vassilis K. Fouskas -- Chapter 1 Introduction -- The historical background of finance and growth -- Scope and limitations of the book -- Structure of the book -- Chapter 2 : Neoliberalisation and Financialisation: the debate -- Introduction -- The rise of neoliberal capitalism -- Theoretical debates and historical precedents of financialisation -- From stagnation to financialisation -- French regulation school theory of financialisation -- Post-Keynesianism and financialisation -- Trans-nationalisation and liberalisation of finance -- Financialisation and poverty alleviation: banking the unbanked -- Conclusion -- Chapter 3 : Finance-Growth-Nexus: theoretical and empirical literature -- Introduction -- The rise of finance and the financialisation of everything -- The financial profit conundrum -- profit in Marxist economics -- Real commodity accumulation and fictitious accumulation -- Contemporary heterodox perspectives on finance-led growth debate -- Economic functions of financial intermediaries -- Dynamics of financial development, income distribution, economic growth and poverty reduction in Ghana -- Poverty and the pandemic: the case of Ghana -- Conclusion -- Chapter 4 The case of Ghana -- Introduction -- Country profile and overview of recent economic performance -- The political economy of Ghana: from state-led accumulation to neoliberalism -- Political and economic developments from independence (1957) to 1982 -- Political and economic developments 1983-2019 -- Neoliberalism in Ghana -- Neoliberalism and housing provision in Ghana -- Financial sector reforms in Ghana -- a historical perspective -- Financialisation in Sub-Saharan Africa: accounting for the Ghanaian paradox -- Under-financed -- ...yet financialising -- Reverse of net capital flows -- a subordinate/inferior financialisation -- Conclusion -- Chapter 5 Dimensions of capital structure and liquidity management in Ghana -- Introduction -- Theories of capital structure -- Financialisation and capital structure accumulation in Ghana -- Classification of capital accumulation process in Ghana -- Contradictions in political-economic arrangements in Ghana -- Financing challenges -- Government policies -- Conclusion -- Chapter 6 The issue of poverty -- Introduction -- Poverty measurement conundrum -- Absolute poverty -- Relative poverty -- The paradox of sub-Saharan Africa's middle class -- Neoliberal globalisation and poverty -- Conclusion -- Chapter 7 Financialisation and households: from theory to the context of Ghana -- Introduction -- Theory of consumption function: household debt and the life cycle and permanent income hypotheses -- The political economy of household finance -- Payment systems in Ghana: a route towards financialisation -- Financialisation, financial inclusion and mobile money -- Conclusion -- Chapter 8 Conclusion -- Summing up the argument -- The content of financialisation in Ghana -- Policy recommendations. | |
| 651 | 0 | |a Ghana |x Economic policy |y 20th century. | |
| 651 | 0 | |a Ghana |x Economic conditions |y 1957-1979. |0 http://id.loc.gov/authorities/subjects/sh85054758 | |
| 651 | 6 | |a Ghāna |x Conditions économiques |y 1957-1979. | |
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| 776 | 0 | 8 | |i Print version: |a Frimpong, Francis Boateng. |t Financialisation and poverty alleviation in Ghana |d Leiden ; Boston : Brill, [2022] |z 9789004499973 |w (DLC) 2021047781 |
| 830 | 0 | |a Studies in critical social sciences ; |v v. 209. |0 http://id.loc.gov/authorities/names/n2004098625 | |
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| author | Frimpong, Francis Boateng |
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| contents | ACKNOWLEDGEMENTS -- ABBREVIATIONS -- LIST OF TABLES AND FIGURES -- PREFACE -- Vassilis K. Fouskas -- Chapter 1 Introduction -- The historical background of finance and growth -- Scope and limitations of the book -- Structure of the book -- Chapter 2 : Neoliberalisation and Financialisation: the debate -- Introduction -- The rise of neoliberal capitalism -- Theoretical debates and historical precedents of financialisation -- From stagnation to financialisation -- French regulation school theory of financialisation -- Post-Keynesianism and financialisation -- Trans-nationalisation and liberalisation of finance -- Financialisation and poverty alleviation: banking the unbanked -- Conclusion -- Chapter 3 : Finance-Growth-Nexus: theoretical and empirical literature -- Introduction -- The rise of finance and the financialisation of everything -- The financial profit conundrum -- profit in Marxist economics -- Real commodity accumulation and fictitious accumulation -- Contemporary heterodox perspectives on finance-led growth debate -- Economic functions of financial intermediaries -- Dynamics of financial development, income distribution, economic growth and poverty reduction in Ghana -- Poverty and the pandemic: the case of Ghana -- Conclusion -- Chapter 4 The case of Ghana -- Introduction -- Country profile and overview of recent economic performance -- The political economy of Ghana: from state-led accumulation to neoliberalism -- Political and economic developments from independence (1957) to 1982 -- Political and economic developments 1983-2019 -- Neoliberalism in Ghana -- Neoliberalism and housing provision in Ghana -- Financial sector reforms in Ghana -- a historical perspective -- Financialisation in Sub-Saharan Africa: accounting for the Ghanaian paradox -- Under-financed -- ...yet financialising -- Reverse of net capital flows -- a subordinate/inferior financialisation -- Conclusion -- Chapter 5 Dimensions of capital structure and liquidity management in Ghana -- Introduction -- Theories of capital structure -- Financialisation and capital structure accumulation in Ghana -- Classification of capital accumulation process in Ghana -- Contradictions in political-economic arrangements in Ghana -- Financing challenges -- Government policies -- Conclusion -- Chapter 6 The issue of poverty -- Introduction -- Poverty measurement conundrum -- Absolute poverty -- Relative poverty -- The paradox of sub-Saharan Africa's middle class -- Neoliberal globalisation and poverty -- Conclusion -- Chapter 7 Financialisation and households: from theory to the context of Ghana -- Introduction -- Theory of consumption function: household debt and the life cycle and permanent income hypotheses -- The political economy of household finance -- Payment systems in Ghana: a route towards financialisation -- Financialisation, financial inclusion and mobile money -- Conclusion -- Chapter 8 Conclusion -- Summing up the argument -- The content of financialisation in Ghana -- Policy recommendations. |
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| geographic | Ghana Economic policy 20th century. Ghana Economic conditions 1957-1979. http://id.loc.gov/authorities/subjects/sh85054758 Ghāna Conditions économiques 1957-1979. Ghana fast https://id.oclc.org/worldcat/entity/E39PBJrwWdFrtwYQThrFvRGJXd |
| geographic_facet | Ghana Economic policy 20th century. Ghana Economic conditions 1957-1979. Ghāna Conditions économiques 1957-1979. Ghana |
| id | ZDB-4-EBU-on1273426186 |
| illustrated | Illustrated |
| indexdate | 2024-11-26T14:49:39Z |
| institution | BVB |
| isbn | 9004500022 9789004500020 |
| issn | 2666-2205 ; |
| language | English |
| lccn | 2021047782 |
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| spelling | Frimpong, Francis Boateng, author. http://id.loc.gov/authorities/names/n2021054167 Financialisation and poverty alleviation in Ghana : myths and realities / by Francis Boateng Frimpong. Financialization and pvoerty alleviation in Ghana Leiden ; Boston : Brill, [2022] 1 online resource : color illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier Studies in critical social sciences, 2666-2205 ; volume 209 New scholarship in political economy ; volume 14 Includes bibliographical references and index. "The neoliberal policy response to the crisis in Ghana did not succeed in reversing the economic decline in both the medium and long term. In fact, quite the opposite, rather than undoing the economic decline, Frimpong argues that the policy prescriptions further weakened the country's ability to develop. This is because the policies intentionally and unintentionally encouraged factors that destabilised the possibility of the real productive assets to earn commensurate returns to facilitate the flow of capital to the real sectors to ensure the survival of industrial enterprises. Rising profit in the financial sector incentivised financial capitalist to divert capital into financial assets at the expense of productive investment, further decelerating the pace of real capital accumulation in the country"-- Provided by publisher. Description based on online resource; title from digital title page (viewed on December 10, 2021). ACKNOWLEDGEMENTS -- ABBREVIATIONS -- LIST OF TABLES AND FIGURES -- PREFACE -- Vassilis K. Fouskas -- Chapter 1 Introduction -- The historical background of finance and growth -- Scope and limitations of the book -- Structure of the book -- Chapter 2 : Neoliberalisation and Financialisation: the debate -- Introduction -- The rise of neoliberal capitalism -- Theoretical debates and historical precedents of financialisation -- From stagnation to financialisation -- French regulation school theory of financialisation -- Post-Keynesianism and financialisation -- Trans-nationalisation and liberalisation of finance -- Financialisation and poverty alleviation: banking the unbanked -- Conclusion -- Chapter 3 : Finance-Growth-Nexus: theoretical and empirical literature -- Introduction -- The rise of finance and the financialisation of everything -- The financial profit conundrum -- profit in Marxist economics -- Real commodity accumulation and fictitious accumulation -- Contemporary heterodox perspectives on finance-led growth debate -- Economic functions of financial intermediaries -- Dynamics of financial development, income distribution, economic growth and poverty reduction in Ghana -- Poverty and the pandemic: the case of Ghana -- Conclusion -- Chapter 4 The case of Ghana -- Introduction -- Country profile and overview of recent economic performance -- The political economy of Ghana: from state-led accumulation to neoliberalism -- Political and economic developments from independence (1957) to 1982 -- Political and economic developments 1983-2019 -- Neoliberalism in Ghana -- Neoliberalism and housing provision in Ghana -- Financial sector reforms in Ghana -- a historical perspective -- Financialisation in Sub-Saharan Africa: accounting for the Ghanaian paradox -- Under-financed -- ...yet financialising -- Reverse of net capital flows -- a subordinate/inferior financialisation -- Conclusion -- Chapter 5 Dimensions of capital structure and liquidity management in Ghana -- Introduction -- Theories of capital structure -- Financialisation and capital structure accumulation in Ghana -- Classification of capital accumulation process in Ghana -- Contradictions in political-economic arrangements in Ghana -- Financing challenges -- Government policies -- Conclusion -- Chapter 6 The issue of poverty -- Introduction -- Poverty measurement conundrum -- Absolute poverty -- Relative poverty -- The paradox of sub-Saharan Africa's middle class -- Neoliberal globalisation and poverty -- Conclusion -- Chapter 7 Financialisation and households: from theory to the context of Ghana -- Introduction -- Theory of consumption function: household debt and the life cycle and permanent income hypotheses -- The political economy of household finance -- Payment systems in Ghana: a route towards financialisation -- Financialisation, financial inclusion and mobile money -- Conclusion -- Chapter 8 Conclusion -- Summing up the argument -- The content of financialisation in Ghana -- Policy recommendations. Ghana Economic policy 20th century. Ghana Economic conditions 1957-1979. http://id.loc.gov/authorities/subjects/sh85054758 Ghāna Conditions économiques 1957-1979. Economic history fast Economic policy fast Ghana fast https://id.oclc.org/worldcat/entity/E39PBJrwWdFrtwYQThrFvRGJXd 1900-1999 fast has work: Financialisation and Poverty Alleviation in Ghana : Myths and Realities (Text) https://id.oclc.org/worldcat/entity/E39PCYd9TtbgJHMF4PjkrjH483 https://id.oclc.org/worldcat/ontology/hasWork Print version: Frimpong, Francis Boateng. Financialisation and poverty alleviation in Ghana Leiden ; Boston : Brill, [2022] 9789004499973 (DLC) 2021047781 Studies in critical social sciences ; v. 209. http://id.loc.gov/authorities/names/n2004098625 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=3105490 Volltext |
| spellingShingle | Frimpong, Francis Boateng Financialisation and poverty alleviation in Ghana : myths and realities / Studies in critical social sciences ; ACKNOWLEDGEMENTS -- ABBREVIATIONS -- LIST OF TABLES AND FIGURES -- PREFACE -- Vassilis K. Fouskas -- Chapter 1 Introduction -- The historical background of finance and growth -- Scope and limitations of the book -- Structure of the book -- Chapter 2 : Neoliberalisation and Financialisation: the debate -- Introduction -- The rise of neoliberal capitalism -- Theoretical debates and historical precedents of financialisation -- From stagnation to financialisation -- French regulation school theory of financialisation -- Post-Keynesianism and financialisation -- Trans-nationalisation and liberalisation of finance -- Financialisation and poverty alleviation: banking the unbanked -- Conclusion -- Chapter 3 : Finance-Growth-Nexus: theoretical and empirical literature -- Introduction -- The rise of finance and the financialisation of everything -- The financial profit conundrum -- profit in Marxist economics -- Real commodity accumulation and fictitious accumulation -- Contemporary heterodox perspectives on finance-led growth debate -- Economic functions of financial intermediaries -- Dynamics of financial development, income distribution, economic growth and poverty reduction in Ghana -- Poverty and the pandemic: the case of Ghana -- Conclusion -- Chapter 4 The case of Ghana -- Introduction -- Country profile and overview of recent economic performance -- The political economy of Ghana: from state-led accumulation to neoliberalism -- Political and economic developments from independence (1957) to 1982 -- Political and economic developments 1983-2019 -- Neoliberalism in Ghana -- Neoliberalism and housing provision in Ghana -- Financial sector reforms in Ghana -- a historical perspective -- Financialisation in Sub-Saharan Africa: accounting for the Ghanaian paradox -- Under-financed -- ...yet financialising -- Reverse of net capital flows -- a subordinate/inferior financialisation -- Conclusion -- Chapter 5 Dimensions of capital structure and liquidity management in Ghana -- Introduction -- Theories of capital structure -- Financialisation and capital structure accumulation in Ghana -- Classification of capital accumulation process in Ghana -- Contradictions in political-economic arrangements in Ghana -- Financing challenges -- Government policies -- Conclusion -- Chapter 6 The issue of poverty -- Introduction -- Poverty measurement conundrum -- Absolute poverty -- Relative poverty -- The paradox of sub-Saharan Africa's middle class -- Neoliberal globalisation and poverty -- Conclusion -- Chapter 7 Financialisation and households: from theory to the context of Ghana -- Introduction -- Theory of consumption function: household debt and the life cycle and permanent income hypotheses -- The political economy of household finance -- Payment systems in Ghana: a route towards financialisation -- Financialisation, financial inclusion and mobile money -- Conclusion -- Chapter 8 Conclusion -- Summing up the argument -- The content of financialisation in Ghana -- Policy recommendations. Economic history fast Economic policy fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85054758 |
| title | Financialisation and poverty alleviation in Ghana : myths and realities / |
| title_alt | Financialization and pvoerty alleviation in Ghana |
| title_auth | Financialisation and poverty alleviation in Ghana : myths and realities / |
| title_exact_search | Financialisation and poverty alleviation in Ghana : myths and realities / |
| title_full | Financialisation and poverty alleviation in Ghana : myths and realities / by Francis Boateng Frimpong. |
| title_fullStr | Financialisation and poverty alleviation in Ghana : myths and realities / by Francis Boateng Frimpong. |
| title_full_unstemmed | Financialisation and poverty alleviation in Ghana : myths and realities / by Francis Boateng Frimpong. |
| title_short | Financialisation and poverty alleviation in Ghana : |
| title_sort | financialisation and poverty alleviation in ghana myths and realities |
| title_sub | myths and realities / |
| topic | Economic history fast Economic policy fast |
| topic_facet | Ghana Economic policy 20th century. Ghana Economic conditions 1957-1979. Ghāna Conditions économiques 1957-1979. Economic history Economic policy Ghana |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=3105490 |
| work_keys_str_mv | AT frimpongfrancisboateng financialisationandpovertyalleviationinghanamythsandrealities AT frimpongfrancisboateng financializationandpvoertyalleviationinghana |