Uneven Zimbabwe

Uneven Zimbabwe

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Uneven Zimbabwe examines the influence of domestic and international financial markets and financiers in uneven development in Zimbabwe, using - and contributing to - the tools of radical political economy. Theoretically, Bond begins with criticism of the classical Marxist concepts of qfinance capitalq for focusing on institutional characteristics and failing to grasp underlying dynamics. Instead, as economic crisis tendencies emerge, the power of finance periodically intensifies, temporarily displacing crisis through time and space and across geographical scales. But the limits of the financial solution become evident when paper assets delink from the productive assets they are meant to represent, as well as in the role that finance plays in amplifying uneven development across different economic sectors, spaces and scales.These conclusions were based on the assumption of aquot;rational energy pricing policiesaquot; (to replace the subsidized rate structure ... had access to electricity, due largely to the combination of Rhodesian racial discrimination and high connection fees. ... in electrical machinery and appliances as well as increased local entrepreneurial activities and benefits accruing from ... The Banka#39;s ( 1982c: 33, 40-41 ) objectives were to avoid debt-financing for investment until the point at which ZESAa#39;sanbsp;...

Title:Uneven Zimbabwe
Author: Patrick Bond
Publisher:Africa World Press - 1998

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