Financialisation, narrow specialisation of production and capital accumulation in Mozambique

IF 1.4 3区社会学 Q1 AREA STUDIES

Review of African Political Economy Pub Date : 2022-01-02 DOI:10.1080/03056244.2022.2049143

C. Castel-Branco, D. Maia

引用次数: 1

Abstract

ABSTRACT The article argues that the historical conditions under which national capitalism developed in post-independence Mozambique pushed the economy towards growing financialisation and narrower specialisation of production around increasingly basic and simple activities. In post-independence Mozambique, national capitalism rose from the ashes of state-centred accumulation built around the dominant social structures of production inherited from colonialism, under the impulse of neoliberal economic reforms and heavy dependency on inflows of private international finance. The speculative dynamics of accumulation prevented diversification and more complex industrialisation which, in turn, reinforced the role of financialisation as a means to and form of accumulation of capital. The paper argues that changing these dynamics of accumulation requires conscious industrial strategies focused on diversification and articulation of production, which cannot be achieved without challenging the extractive mode of accumulation and the power relationships associated with it.

查看原文本刊更多论文

莫桑比克的金融化、狭隘的生产专业化和资本积累

本文认为，独立后的莫桑比克国家资本主义发展的历史条件推动了经济走向日益金融化和围绕日益基本和简单的活动的更窄的生产专业化。在独立后的莫桑比克，在新自由主义经济改革的推动和对国际私人资金流入的严重依赖下，国家资本主义在以国家为中心的积累的灰烬中崛起，这些积累围绕着从殖民主义继承下来的占主导地位的社会生产结构。积累的投机动力阻碍了多样化和更复杂的工业化，这反过来又加强了金融化作为资本积累的手段和形式的作用。本文认为，改变这些积累的动态需要有意识的产业战略，重点是生产的多样化和衔接，如果不挑战积累的榨取模式和与之相关的权力关系，这是不可能实现的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Review of African Political Economy Multiple-

CiteScore

3.00

自引率

7.70%

发文量

期刊介绍： The Review of African Political Economy (ROAPE) is a refereed journal committed to encouraging high quality research and fostering excellence in the understanding of African political economy. Published quarterly by Routledge, Taylor & Francis Group for the ROAPE international collective it has since 1974 provided radical analysis of trends and issues in Africa. It has paid particular attention to the political economy of inequality, exploitation and oppression, whether driven by global forces or local ones (such as class, race, community and gender), and to materialist interpretations of change in Africa. It has sustained a critical analysis of the nature of power and the state in Africa.