Financialisation of official development assistance Jakupec,V and Kelly,MM 2015, Financialisation of official development assistance, International journal of economics, commerce and management, vol. III, no. 2, pp. 1-18. Attached Files Name Description MIMEType Size Downloads jakupec-financialisation-2015.pdf Published version application/pdf 326.62KB 409 Title Financialisation of official development assistance Author(s) Jakupec,V orcid.org/0000-0003-2657-5833 Kelly,MM orcid.org/0000-0002-0036-5259 Journal name International journal of economics, commerce and management Volume number III Issue number 2 Start page 1 End page 18 Total pages 18 Publisher International Journal of Economics, Commerce and Management Place of publication Rochester, Eng. Publication date 2015-02 ISSN 2348-0386 Summary Official Development Assistance is a significant global enterprise. Organsiations engaged in funding and implementing ODA (the bilateral donors, multilateral organsiations such as the World Bank and IMF) have unprecedented political and economic influence over a large number of sovereign developing countries. This paper analyses if, and how financialisation impacts on development aid, and implications for effective aid policy agendas, drawing on and linking critical debate on finacialisation, and ODA. Subsequent to the Global Financial Crisis (GFC) and the persistence of the European Monitory Crisis (EMC), specific needs of developing countries became increasingly sub-ordinated to political and ideological power relations between ‘real’ economics and financial economics otherwise known as financialisation. The paper finds ‘financialisation’ as the ideological, political and economic catalyst for economic growth potentially confusing long-term development to combat poverty, and a short term need to overcome the lack of financial capacity in developing recipient countries. Sustainable economic development requires developing countries to forsake the pursuit of financialisation and to re-delineate their national finance, trade and investment regimes, and re-state it in a balanced manner as to take into account their unique economic development needs rather that the donor agencies’ demands and to advance their own ‘real’ economies. Language eng Field of Research 140202 Economic Development and Growth Socio Economic Objective 910103 Economic Growth HERDC Research category C2 Other contribution to refereed journal Copyright notice ©2015, International Journal of Economics, Commerce and Management Free to Read? Yes Use Rights Persistent URL http://hdl.handle.net/10536/DRO/DU:30069698 Document type: Journal Article Collections: Faculty of Arts and Education School of Education School of Humanities and Social Sciences Open Access Collection Related Links Link Description Connect to published version Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au. Versions Version Filter Type Mon, 16 Feb 2015, 11:38:04 EST Mon, 16 Feb 2015, 11:38:37 EST Tue, 17 Feb 2015, 04:00:26 EST Tue, 17 Feb 2015, 05:06:12 EST Mon, 23 Feb 2015, 14:02:42 EST Fri, 27 Feb 2015, 09:16:50 EST Tue, 21 Apr 2015, 10:26:03 EST Fri, 26 Aug 2016, 15:21:24 EST Mon, 05 Sep 2016, 16:09:19 EST Wed, 07 Sep 2016, 08:25:36 EST Thu, 10 Nov 2016, 11:21:59 EST Fri, 07 Sep 2018, 12:13:03 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 344 Abstract Views, 410 File Downloads  -  Detailed Statistics Created: Mon, 16 Feb 2015, 11:38:37 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.