Daniela Gabor: The Romanian Financial System: From Central Bank-Led to Dependent Financialisation

This study argues that financialisation is not a phenomenon exclusively associated with complex innovation in highly developed financial markets. Financialisation also affects countries with “shallow” financial markets but with a significant presence of transnational financial actors that become a powerpul economic and political force able to navigate and shape uneven regulatory and institutional terrains in order to sustain new modes of profit generation. The study distinguishes two stages in the financialisation of the Romanian economy. The first, central bank dominated. Weiterlesen

Patrick Bond: South Africa’s Multiple Resource Curses, the Metalworkers’ Break and Community Uprisings

The title of the following post may surprise. Why should a text from South Africa be put on this blog? The explanation is the asked by us questions: Why is the left in the EU, in Europe so weak? How could we become stronger? Bonds article helps us to discuss this issue productively. It starts from the opposite question: why could a left-emancipatory force become strong? The National Union of Metalworkers of South Africa finished the tolereance of neoliberal development and split away  from the ANC. More

Aris Chatzistenaou: How the IMF Destroyed Greece: The Reality of the Greek “Success story”: On Its Way to Become a Third World Country

In Greece we are living a financial and social genocide and it’s a huge lie from Greek Prime Minister to characterize people who are committing suicide because they don’t have enough for food and the don’t have enough to support their families to characterise this as a success story. We couldn’t imagine that something like that could happen. More

Peter Gowan: The NATO Powers and the Balkan Tradegy

Western powers usually legitimize military interventions in terms of a proclaimed commitment to some universalist norm or to some goal embodying such a norm. These declared goals can oscillate, but they are important because a central element of their foreign policy, particularly when it involves starting a war, is maintaining the support of their domestic population. More

Gavin Rae: The Debt Crisis in Poland and its Impact on Society

This paper considers the question of public debt and how it impacts upon other areas of socio-economic life in Poland, in the context of the recent global economic crisis. It begins by placing Poland’s public debt in its historical context that reaches back to the Communist period. One result of the large debt incurred during this time, was that Poland became indebted and dependent upon creditors in the West. This dependency helped to shape its neo-liberal economic policy from the late 1980s. More


Tina Schivatcheva: The Great Leap Westward – China and the Land grabs in Ukraine and Bulgaria

The recent global rise of food prices has predicated the explosion of land-grab practices at a global geo-economic scale.  In Eastern Europe, although the post-socialist ‘great transformation’ entailed the commodification of the land, unsettled land ownership and undeveloped land market offered, at best, only a short-lived and tenuous protection from land-grabs.  The global financial crisis impacted particularly strongly the resource-dependent, export-oriented economies of Bulgaria and Ukraine. More

Mirjam Büdenbender: First Abstract

The Real Estate/Financial Complex in Russia

As the 2007 global financial crisis clearly showed, the dimensions of real estate and finance are closely intertwined. Furthermore, this real estate-finance interaction unfolds differentially across spaces. Yet, to this date these two aspects remain under-researched and under-theorized.

This paper seeks to remedy these shortcomings by mapping the ‘Real Estate/Financial Complex’ in Russia. Weiterlesen