Financialisation and poverty alleviation in Ghana : : myths and realities / / by Francis Boateng Frimpong.
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 t...
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Superior document: | Studies in Critical Social Sciences |
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Place / Publishing House: | Leiden, The Netherlands ;, Boston : : Brill,, [2022] ©2022 |
Year of Publication: | 2022 |
Language: | English |
Series: | Studies in critical social sciences.
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Physical Description: | 1 online resource (285 pages) |
Notes: | Includes index. |
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Frimpong, Francis Boateng, author. Financialisation and poverty alleviation in Ghana : myths and realities / by Francis Boateng Frimpong. Leiden, The Netherlands ; Boston : Brill, [2022] ©2022 1 online resource (285 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier Studies in Critical Social Sciences 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. Includes bibliographical references and index. 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. Description based on print version record. Includes index. Ghana Economic policy. Ghana Economic conditions 1957-1979. Print version: Frimpong, Francis Boateng Financialisation and Poverty Alleviation in Ghana Boston : BRILL,c2021 9789004499973 Studies in critical social sciences. |
language |
English |
format |
eBook |
author |
Frimpong, Francis Boateng, |
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. |
author_facet |
Frimpong, Francis Boateng, |
author_variant |
f b f fb fbf |
author_role |
VerfasserIn |
author_sort |
Frimpong, Francis Boateng, |
title |
Financialisation and poverty alleviation in Ghana : myths and realities / |
title_sub |
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_auth |
Financialisation and poverty alleviation in Ghana : myths and realities / |
title_new |
Financialisation and poverty alleviation in Ghana : |
title_sort |
financialisation and poverty alleviation in ghana : myths and realities / |
series |
Studies in Critical Social Sciences |
series2 |
Studies in Critical Social Sciences |
publisher |
Brill, |
publishDate |
2022 |
physical |
1 online resource (285 pages) |
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. |
isbn |
9789004500020 9789004499973 |
callnumber-first |
H - Social Science |
callnumber-subject |
HC - Economic History and Conditions |
callnumber-label |
HC1060 |
callnumber-sort |
HC 41060 F756 42022 |
geographic |
Ghana Economic policy. Ghana Economic conditions 1957-1979. |
geographic_facet |
Ghana |
era_facet |
1957-1979. |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
338 - Production |
dewey-full |
338.9667 |
dewey-sort |
3338.9667 |
dewey-raw |
338.9667 |
dewey-search |
338.9667 |
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Financialisation and poverty alleviation in Ghana : myths and realities / |
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