Rendering development investible: The anti-politics machine and the financialisation of development

Jack Taggart, Marcus Power

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Abstract

We critically engage with the so-called ‘Financialisation of Development’ and argue that such is neither automatic nor inexorable. We review and extend a body of recent research that underscores the extensive ‘work’ required by ‘big D’ Development actors to render target contexts legible, attractive, and amenable to private finance and investment. We introduce the framework of ‘rendering (Development) investible’ to help us unpack the attendant governmental rationality of Development institutions and professionals in the current financialised conjuncture. We reveal the drivers and primary characteristics of this rationality and we discuss its significant, yet unintended, consequences for Development thought and practice.

Original languageEnglish
Number of pages23
JournalProgress in Human Geography
Early online date10 Apr 2024
DOIs
Publication statusEarly online date - 10 Apr 2024

Keywords

  • rendering technical
  • Financialization
  • sustainable development
  • global development governance
  • de-risking
  • private finance
  • Wall Street consensus

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