tailieunhanh - Great Predators in the Political Economy of Development_4

Tham khảo tài liệu 'great predators in the political economy of development_4', kinh tế - quản lý, quản lý nhà nước phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 5 The British market makers In order to illustrate the historical development of the global multiplier which occupies the centre of the political economy of development but which is actually a many-to-many system or set of similar bilateral multipliers this chapter uses a case study of the British state which has been a key author of power in the international system. The Commonwealth Development Corporation CDC Export Credit Guarantee Department ECGD and Crown Agents primarily express British economic power in the frontier zone and help regulate and police those economic spaces in favour of British concerns. They are all ultimately underwritten by the Treasury although they were all partly privatised in the 1990s see below . These organisations all have their roots in the British Empire. Thus while the Department for International Development DFID is the lead department for development issues in practice this is only a small component of the far larger enterprise of UK plc. Indeed a cynic might attribute its social welfare focus to a public relations exercise on behalf of the other more profitable sectors of British outreach. It could equally be compared to that part of the iceberg visible above the waterline heading a much larger rump of institutions dedicated to capital The CDC and ECGD are the bilateral institutions of economic intervention the former by means of investments the latter by means of trade and investment insurance while the Crown Agents manage international logistics and supply for the UK World Bank and Japanese bilateral aid budgets. Together they are the submerged part of the larger iceberg. Both the CDC and ECGD have historically disbursed development finance and export credits that are larger than the sums managed by DFID. These organisations are located metaphorically in the frontier state that part which is internationalised or extraverted to use Bayart s term Bayart 1993 and focused on the globalised economy as a whole. We will .

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