State Capitalism and the New Global D/development Regime.

Official discourses of Development are being redefined. If the key geopolitical contexts shaping the post-war Development project were decolonisation and the Cold War, the defining world-historical transformations shaping the emerging vision of Development are the expansion of state capitalism and the rise of China. The IMF, the World Bank, the OECD, the G20, other multilaterals, and bilateral partners are increasingly taking stock of the rise of state capitalism, and acting as ideational vectors of this emerging regime. However, this new "state capitalist normal" is also portrayed as carrying risks. There is anxiety regarding the direction the political form of global capital accumulation is heading: with the unchecked proliferation of state capitalism possibly blunting competition, politicising economic relations, and intensifying geoeconomic tensions. This anxiety underwrites the current re-articulation of Development, one which embraces the state as promoter, supervisor, and owner of capital; even as it critiques China's use of similar instruments

International financial subordination: a critical research agenda

The rise of the so-called Developing and Emerging Economies (DEEs) has been one of the most fundamental changes to the global economy in recent years. However, despite their rising economic power, DEEs remain in a subordinate position in global financial markets and the international monetary system, which shapes and constrains domestic economic actors’ opportunities and exposes them to recurrent crises and vulnerabilities. This paper argues that International Financial Subordination (IFS) is a persistent and structural phenomenon related to DEEs’ integration into a hierarchical world economy. To develop this argument we identify the main conceptual and methodological tools offered by Dependency Theory, Post-Keynesian economics, and Marxist scholarship which have contributed most to this new agenda. All three schools of thought provide important insights into the structural features of IFS, but also suffer from important limitations. Speaking to these limitations we offer six analytical axes around which to organize the future study of IFS: History; social relations of production; money; the state; non-state actors; and finally the importance of geography and spatial relations for understanding IFS

Money Power and Financial Capital in Emerging Markets:Facing the Liquidity Tsunami

This book provides a comprehensive investigation of the messy and crisis-ridden relationship between the operations of capitalist finance, global capital flows, and state power in emerging markets. The politics, drivers of emergence, and diversity of these myriad forms of state power are explored in light of the positionality of emerging markets within the network of space and power relations that characterises contemporary global finance. The book develops a multi-disciplinary perspective and combines insights from Marxist political economy, post-Keynesian economics, economic geography, and postcolonial and feminist International Political Economy. Alami comprehensively reviews the theories, histories, and geographies of cross-border finance management, and develops a conceptual framework which allows unpacking the complex entanglement of constraint and opportunities, of growing integration and tight discipline, that cross-border finance represents for emerging markets. Extensive fieldwork research provides an in-depth comparative critical interrogation of the policies and regulations deployed in Brazil and South Africa. This volume will be especially useful to those researching and working in the areas of international political economy, contemporary geographies of money and finance, and critical development studies. It should also prove of interest to policy makers, practitioners, and activists concerned with the relation between finance and development in emerging markets and beyond

Book Review: Nature and Form of the Capitalist State:Contemporary Marxist analyses

Interlinear text presents a collection of interpretations of a manuscript. Whereas such a form is often compiled by a single author or a single team of scholars, we here consider automatic creation of interlinear text out of independently created linguistic resources. In terms of mathematical structures, we investigate the constraints one may want to impose on the rendering and pair-wise alignment of resources, and present a computer algorithm that solves those constraints, resulting in suitable interlinear text.PostprintPeer reviewe