Finance, Geography of

Clark, Gordon L.

doi:10.1016/b978-0-08-097086-8.72017-4

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“…World financial centers such as London, New York, Frankfurt, and Tokyo dominate this hierarchy, centralize and concentrate the money-power of capital, and exert control functions over the global financial system as a whole (Martin 1999). While financial centers in emerging economies such as São Paulo, Johannesburg, Shanghai, Mexico City, and Istanbul have become important regional sites of financial innovation, this has not challenged the dominance of the aforementioned world financial centers, which remain disproportionately located in advanced capitalist countries and largely control the global orchestration of money-capital flows (Bassens 2012;Clark 2015).…”

Section: The Global South In the Contemporary Geographies Of Money-powermentioning

confidence: 99%

Global Finance Capital and Third World Debt

Alami¹

2021

The Palgrave Encyclopedia of Imperialism and Anti-Imperialism

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President Nicolas] Sarkozy was triggered more by economic and commercial interests than by humanitarian concerns." I hope we are not seeing the same film all over again.The position of imperial states was very different from the states of the nonaligned world. Countries such as Cuba, Venezuela, and South Africa praised Gaddafi, while in most parts of Africa, there are those who call for exposure on the role of France in Libya.After NATO declared victory, there were elaborate plans for the reform agenda in Libya. The supporters of Gaddafi were persecuted, and black Libyans were killed as mercenaries. The NTC orchestrated an elaborate process for parliamentary elections and a new government in 2012, but the case of the Libyan Investment Authority against Goldman Sachs thrust Libya again into war until the British High Court Judgment in 2016. Since then, the United Nations has attempted to create the basis for a government of National Unity, but the differing external forces that had come together to defeat Gaddafi could not agree. Libya is now caught in a war with Egypt, France, the United Arab Emirates, and Saudi Arabia supporting one faction led by general Haftar, while Italy, Qatar, Turkey, and other members of the EU supporting the UN back government in Tripoli. War and destabilization has plagued the peoples of Libya since 2011. The absence of real organization of the people by Gaddafi took a heavy toll on Libyan society.

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Section: The Global South In the Contemporary Geographies Of Money-powermentioning

confidence: 99%

Global Finance Capital and Third World Debt

Alami¹

2021

The Palgrave Encyclopedia of Imperialism and Anti-Imperialism

View full text Add to dashboard Cite

show abstract

Finance, Geography of

Cited by 1 publication

References 43 publications

Global Finance Capital and Third World Debt

Global Finance Capital and Third World Debt

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