Financialisation and Poverty Alleviation in Ghana: Myths and Realities

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Frimpong, F. B. 2021. Financialisation and Poverty Alleviation in Ghana: Myths and Realities. Brill Academic Publishers.
AuthorsFrimpong, F. B.
Abstract

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.

Year2021
PublisherBrill Academic Publishers
File
License
File Access Level
Registered users only
Publication dates
Online22 Nov 2021
Print25 Nov 2021
Publication process dates
Deposited07 Nov 2023
SeriesStudies in Critical Social Sciences
New Scholarship in Political Economy
ISBN9789004500020
9789004499973
ISSN1573-4234
2666-2205
Digital Object Identifier (DOI)https://doi.org/10.1163/9789004500020
Web address (URL)https://brill.com/display/title/61214?language=en
Copyright holder© 2021, Brill Academic Publishers
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