Beyond financialisation: the longue durée of finance and production in the Global South
Beyond financialisation: the longue durée of finance and production in the Global South
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超越金融化：南半球金融和生产的漫长岁月
DOI：
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发表时间：
2022
影响因子：
2
通讯作者：
N. Sylla
中科院分区：
文献类型：
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作者：
Kai Koddenbrock;I. Kvangraven;N. Sylla
金融化文献的核心前提之一是，我们一直生活在资本主义的新时代，其特点是金融与生产关系发生了历史性转变。金融已经扩张到不成比例的经济规模，更重要的是，已经脱离了生产性的经济追求。在这篇文章中，我们基于对塞内加尔和加纳金融和生产之间的联系的长期分析，探讨了这些“扩张”和“离婚”的说法。因此，我们将金融化的主导方式去中心化。从南方来看，我们认为，尽管金融动机和实践有所扩大，但金融与生产性经济之间的“分离”不能被视为过去几十年发生的新的经验现象，更不能被视为资本主义制度的划时代转变。过去150年来，金融忽视国内生产部门需求的趋势一直是全球南方许多地区金融的结构性运作。因此，如果不考虑这些关键的历史洞见，人们就不可能提出资本主义下金融演变的理论。
One of the central premises of the literature on financialisation is that we have been living in a new era of capitalism, characterised by a historical shift in the finance-production nexus. Finance has expanded to a disproportionate economic size and, more importantly, has divorced from productive economic pursuits. In this paper, we explore these claims of ‘expansion’ and ‘divorce’ based on a longue durée analysis of the link between finance and production in Senegal and Ghana. As such, we de-centre the dominant approach to financialisation. Seen from the South, we argue that although there has been expansion of financial motives and practices the ‘divorce’ between the financial and the productive economy cannot be considered a new empirical phenomenon having occurred during the last decades and even less an epochal shift of the capitalist system. The tendency for finance to neglect the needs of the domestic productive sector has been the structural operation of finance in many parts of the Global South over the last 150 years. Therefore, one cannot put forward a theory of the evolution of finance under capitalism without taking these crucial historical insights into account.