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Multinational Banks and Underdevelopment is a study that relates global banking with the lack of multidimensional development in various geographical regions. The book first details the imperialist role of finance, and then proceeds to discussing the process of multinational bank penetration. The next series of chapters talks about how multinational banks are one of the major causes of unequal development, and indicates that the stopgap measures have failed to contribute anything to remedy the problem. Next, the selection discusses that a much more radical approach is needed to bring about real change. The book then details that consortium banks do not help in alleviating the problem. The book will be of great interest to economists, political scientists, sociologists, and game theorists.
List of Tables & Figures
Chapter 1 The Imperialist Role of Finance
The Problem Ignored
Financial Intermediaries as Multinationals
Multinational Finance as Imperialism
The Monopoly Debate Renewed
2 The Process of Multinational Bank Penetration
Mode of Production Approach
Toward a Theory of Exit and Reentry
3 Multinational Banks and Underindustrialization
Attitudes to Industrialization
Absence of Risk Taking
Dearth of Long-Term Lending
4 Multinational Banks and Non-Basic Needs
Why Basic Needs?
Financing Dependent Production
Elitist Consumer Credit
5 Multinational Banks and Social Inefficiency
Center Control Equals Social Inefficiency
6 Ineffective Traditional Policies and Futile "Stopgap" Measures
Ineffective Central Bank Policies
Stillborn Financial Integration
Intensifying the Fiscal Burden
7 Intervention and Ownership Scenarios
8 Alternative Banking and Production Modes
Multinational Banking and the Classical Colonial Mode
"Socialized" Banking and Capitalist Production: A Neocolonial Mode
Multinational Banking and "Socialized" Production: A State Capitalist Mode
Socialized Bankin15g and Socialized Production: The Autocentric Noncapitalist Mode
9 Consortia Banks - A New Monopoly Order
Reasons for Phenomenal Growth
How the Multinationals Benefit
Deepening International Financial Disorder
10 Summary and Conclusion
About the Author
- No. of pages:
- © Pergamon 1981
- 1st January 1981
- eBook ISBN:
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