Crash Course Economics

What is Subordinate Financialization? - with Ewa Karwowski

November 09, 2020 Ewa Karwowski (University of Hertfordshire) Season 2 Episode 3
Crash Course Economics
What is Subordinate Financialization? - with Ewa Karwowski
Chapters
0:00
Introductions Sara and Rodrigo
5:48
Start presentation by Ewa Karwowski: What is Subordinate Financialization
7:21
Definition of financialization, and subordination
9:00
Distinctiveness of DEEs experience
11:24
Financial Liberalization
12:36
Consequences, financial inflows, portfolio inflows
16:45
Reserves are costly!
19:02
Foreign Direct Investment (FDI)
21:47
Debt Liabilities
23:45
Further Reading, some clarifications (sterilisation by Central Banks, costs of lending)
30:30
Q&A: Financialisation vs democracy and democratic order, privatisation
34:34
Q&A: National economic elite in Global South
37:00
Q&A: Deregulation , disaster capitalism, current prospects and the counternarative
40:44
Q&A: Bretton Woods 2.0 and Green New Deals: how to finance those?
46:00
Q&A: Dependency of the USA on Third World countries
50:37
Q&A: Financialization and exploitaiton, and climate crisis
54:00
Q&A: Logics of financialization: Central Banks, Foreign exchange
58:12
Q&A: Why 'Subordinate' Financialization? & FDI and household debt
1:01:30
Wrap up by Sara
Crash Course Economics
What is Subordinate Financialization? - with Ewa Karwowski
Nov 09, 2020 Season 2 Episode 3
Ewa Karwowski (University of Hertfordshire)

Ewa Karwowski will guide us through ways to quantify and recognize financialization in the global south. Also we will discuss why this particular theoretical frame may be useful to look at contemporary issues that developing countries face and how it is related to structural issues.

Ewa Karwowski (University of Hertfordshire) is focused on the operations of large corporations, particularly how firms' behaviour has changed in a financialised setting. Her expertise centers on finance, financialisation and development.

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About Crash Course Economics

Crash Course is a platform designed to open up debate on how we can move out of the current crisis and make the necessary steps towards achieving social, economic, ecological and regenerative justice.

Crash Course is inviting global experts to break down complex issues in lay terms and make them accessible to all so that we can understand how to shape our economic system for a just recovery and future.

Website: https://crashcourseeconomics.org/
Newsletter: http://eepurl.com/g54ZMD
YouTube: https://www.youtube.com/channel/UCu3cbKwed48Bu7dkQDVjRQA
Twitter: https://twitter.com/CrashEconomics

Show Notes Chapter Markers

Ewa Karwowski will guide us through ways to quantify and recognize financialization in the global south. Also we will discuss why this particular theoretical frame may be useful to look at contemporary issues that developing countries face and how it is related to structural issues.

Ewa Karwowski (University of Hertfordshire) is focused on the operations of large corporations, particularly how firms' behaviour has changed in a financialised setting. Her expertise centers on finance, financialisation and development.

---

About Crash Course Economics

Crash Course is a platform designed to open up debate on how we can move out of the current crisis and make the necessary steps towards achieving social, economic, ecological and regenerative justice.

Crash Course is inviting global experts to break down complex issues in lay terms and make them accessible to all so that we can understand how to shape our economic system for a just recovery and future.

Website: https://crashcourseeconomics.org/
Newsletter: http://eepurl.com/g54ZMD
YouTube: https://www.youtube.com/channel/UCu3cbKwed48Bu7dkQDVjRQA
Twitter: https://twitter.com/CrashEconomics

Introductions Sara and Rodrigo
Start presentation by Ewa Karwowski: What is Subordinate Financialization
Definition of financialization, and subordination
Distinctiveness of DEEs experience
Financial Liberalization
Consequences, financial inflows, portfolio inflows
Reserves are costly!
Foreign Direct Investment (FDI)
Debt Liabilities
Further Reading, some clarifications (sterilisation by Central Banks, costs of lending)
Q&A: Financialisation vs democracy and democratic order, privatisation
Q&A: National economic elite in Global South
Q&A: Deregulation , disaster capitalism, current prospects and the counternarative
Q&A: Bretton Woods 2.0 and Green New Deals: how to finance those?
Q&A: Dependency of the USA on Third World countries
Q&A: Financialization and exploitaiton, and climate crisis
Q&A: Logics of financialization: Central Banks, Foreign exchange
Q&A: Why 'Subordinate' Financialization? & FDI and household debt
Wrap up by Sara