Infrastructure & Development

The Infrastructure & Development Program focuses on democratizing governance structures to ensure that the international financial institutions and bodies, such as the G20 and BRICS, are representative and accountable. It also works on democratizing policy-making in thematic areas (e.g., finance, economics and trade) and sectoral areas (e.g., infrastructure) to strengthen “real economies” in ways that respect the rights of the earth, vulnerable groups, and women. We support the engagement of citizen’s groups in developing countries in both areas, including through  public education and capacity-building.

Finance, Development, and G20

Understanding the financialisation of international development through 11 FAQs

This article explores how growth of the finance sector can overtake growth in the "real" economy, including manufacturing or trade, and depress wages as returns to capital are protected or increased. In developing and emerging countries, financialisation deepens the vulnerability of local financial systems when they are subject to the volatility of global capital markets and the interest rate decisions of large countries, particularly the US. Without proper controls, financialization can redirect the development process towards securing the profits of private companies and private finance.

Economic Governance

Staff