'Finance, Financialisation and Accumulation'

Paper co-authored by Susan Newman

First presented at a seminar organized by the South African Department of Trade and Industry, the paper, written by Susan Newman and Samantha Ashman, is featured in Engineering News in an article by Terence Creamer.

About the paper

The paper argues that despite its depth, sophistication and size, South Africa's financial sector is 'non-developmental' in its outcomes and 'crowds out' investment into manufacturing, agriculture and mining. It adds that urgent policy interventions are needed to ensure that money aggregated by the sector is channelled back into these job-generating productive sectors.

Read the full article online

Susan Newman is lecturer in Economics of Sustainable Development at ISS