The role of subordinate financialisation in Egypt’s employment crisis

IF 1.4 3区社会学 Q1 AREA STUDIES Review of African Political Economy Pub Date : 2022-10-02 DOI:10.1080/03056244.2022.2151358

Osama Diab

引用次数: 0

Abstract

SUMMARY Studies of financialisation have largely ignored its impact in global south contexts. This briefing, therefore, adopts the ‘subordinate financialisation’ framework to study the impact of growing financialisation in Egypt, using primary data on the financial sector, employment and capital formation. To avoid the shortcomings of methodological nationalism, this briefing stresses the global south and historical dimensions of Egypt’s subordinate financialisation. The briefing concludes that traditional policy intervention, including progressive countercyclical measures, is unlikely to counterbalance the adverse effects of this extractive variety of financialisation due to its non-cyclical nature.

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从属金融化在埃及就业危机中的作用

对金融化的研究在很大程度上忽视了其在全球南方背景下的影响。因此，本次简报采用了“次级金融化”框架，利用金融部门、就业和资本形成的主要数据，研究埃及日益增长的金融化的影响。为了避免方法论民族主义的缺点，本简报强调了埃及次级金融化的全球南方和历史层面。简报得出的结论是，传统的政策干预，包括渐进的反周期措施，由于其非周期性，不太可能抵消这种采掘式金融化的不利影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of African Political Economy Multiple-

CiteScore

3.00

自引率

7.70%

发文量

期刊介绍： The Review of African Political Economy (ROAPE) is a refereed journal committed to encouraging high quality research and fostering excellence in the understanding of African political economy. Published quarterly by Routledge, Taylor & Francis Group for the ROAPE international collective it has since 1974 provided radical analysis of trends and issues in Africa. It has paid particular attention to the political economy of inequality, exploitation and oppression, whether driven by global forces or local ones (such as class, race, community and gender), and to materialist interpretations of change in Africa. It has sustained a critical analysis of the nature of power and the state in Africa.