Financialisation, Capital Accumulation and Economic Development in Nigeria - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financialisation, Capital Accumulation and Economic Development in Nigeria write by Ejike Udeogu. This book was released on 2018-11-30. Financialisation, Capital Accumulation and Economic Development in Nigeria available in PDF, EPUB and Kindle. The inadequacies of many past studies that have tried to highlight the causes of the persistent underdevelopment in developing countries—such as Nigeria—have been noted to derive mainly from the focus and, in some cases, the methodologies adopted by the researchers. It has been suggested that, although many researchers recognize the inability to reproduce sufficient profit as undermining the capitalist accumulation process (and as a result the development of an economy), they have nevertheless often tended to ignore the importance of the political-economic arrangement and historical factors in the formation of expectations about the rate of profit. Indeed, in some cases, they have failed to provide a substantive account of these critical variables. This book highlights how the inherent contradictions of the contemporary political-economic arrangement and some historical factors undermined the peculiar capital accumulation processes in Nigeria, which, in turn, has slowed economic development in the country. This book contributes to the field of Nigeria studies by filling gaps that exist in both theoretical and empirical literature on growth and development in the country, deviating from the orthodox approach of analysing the nation’s problems purely based on the factors internal to the country and by imposing ready-made theoretical logics on history. Rather, it studies Nigeria’s problems in juxtaposition with the world system and imposes historical evidence on theoretical logics. This book represents a good resource for both undergraduate and postgraduate courses on area studies. Researchers and policy-makers will also find it useful as a reference.
Financialisation, Capital Accumulation and Economic Development
Financialisation, Capital Accumulation and Economic Development - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financialisation, Capital Accumulation and Economic Development write by Ejike Udeogu. This book was released on 2015. Financialisation, Capital Accumulation and Economic Development available in PDF, EPUB and Kindle.
Capital, Accumulation, and Money
Capital, Accumulation, and Money - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Capital, Accumulation, and Money write by Lester D. Taylor. This book was released on 2010-09-10. Capital, Accumulation, and Money available in PDF, EPUB and Kindle. Capital, Accumulation, and Money: An Integration of Capital, Growth, and Monetary Theory is a book about capital and money. A root concept of capital is formulated that allows for most existing concepts of capital to be unified and related to one another in consistent fashion. Capital and monetary theory are integrated in a non-mathematical framework that imposes a number of constraints on the macro behavior of an economy, constraints which make for the straightforward understanding of such concepts as the real stock of money, real-balance effects, and the general price level. New and illuminating insights are also provided into aggregate supply and demand, natural and money rates of interest, the relationship between real and monetary economies, and economic growth and development. This fully expanded, revised, and updated edition features important new material on a variety of timely topics, including: * Factors leading to the financial meltdown and turmoil of 2007-09; * Why bubbles form in asset markets and how these impact on the real economy; * The importance of a lender-of-last-resort in times of financial stress; * Future financing and funding of the U. S. Social Security System. Additionally, the author offers a number of ideas for alleviating the severity, if not the avoidance altogether, of financial crises in the future. This is a book for those -- students (both graduate and undergraduate) and their teachers, investors, and the informed public -- who want an understanding of how economies and financial markets function, without an advanced degree in mathematics.
Capital Fundamentalism, Economic Development, and Economic Growth
Capital Fundamentalism, Economic Development, and Economic Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Capital Fundamentalism, Economic Development, and Economic Growth write by Robert Graham King. This book was released on 1994. Capital Fundamentalism, Economic Development, and Economic Growth available in PDF, EPUB and Kindle. Should our research and policy advice be guided by a modern version of capital fundamentalism, in which capital and investment are viewed as the primary determinants of economic development and long- run growth? No. Capital accumulation seems to be part of the process of economic development, not its igniting source.
Financial Development and Industrial Capital Accumulation
Financial Development and Industrial Capital Accumulation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Development and Industrial Capital Accumulation write by Biagio Bossone. This book was released on 2016. Financial Development and Industrial Capital Accumulation available in PDF, EPUB and Kindle. There may be a compelling discontinuity to financial sector development in that banks need to be supported early in development but need to be weakened later - at the expense of bank rents - to foster further development. The important question for policy is when and how to generate and manage this discontinuity so that it is not forced on society by costly and traumatic events such as bank failures.In an economy where decisions are decentralized and made under conditions of uncertainty, the financial system can be seen as the complex of institutions, infrastructure, and instruments that society adopts to minimize the costs of trading promises when agents have incomplete trust and limited information.Building on a microeconomic general equilibrium model that portrays such fundamental financial functions, Bossone shows that, in line with recent empirical evidence, the development of financial infrastructure stimulates greater and more efficient capital accumulation.He also shows that economies with more developed financial infrastructure can more easily absorb exogenous shocks to output.The results call for addressing a crucial issue in the sequencing of reform in the financial sector: early in development, banks provide essential financial infrastructure services as part of their exclusive relationships with borrowers. Further economic development requires that such services be provided extrinsically to the bank-borrower relationship, clearly at the expense of bank rents.There may be a compelling discontinuity to financial sector development in that banks need to be supported early in development but to be weakened later - at the expense of bank rents - to foster further development. The important question for policy is when and how to generate and manage this discontinuity so that it is not forced on society by costly and traumatic events such as bank failures.This paper - a product of the Financial Economics Unit, Financial Sector Practice Department - is part of a larger effort in the department to study the links between financial sector and economic development and improve financial sector reform policies.
