Renationalising Finance for Development in the Global South

This project develops a novel analytical framework to explain the conditions under which previously liberalised developing countries reassert public control over their financial sectors, for the purposes of industrial policy and climate mitigation, despite domestic and external constraints. This is done through comparative case studies of the use of interventionist financial policies including state-owned development banks, interest rate controls, and credit quotas, in Brazil, South Africa, Bolivia, and Ecuador from the 1980s to the 2010s.