
John Christensen ■ London and the Finance Curse: the view of a top development economist

The Globalist has just published an article by Helmut Reisen, former Head of Research at the OECD’s influential Development Centre, in which he discusses the developmental impact of the recent fall in the value of sterling. He comes to similar conclusions to those we blogged last month; allowing the pound sterling to decline in value against other currencies might provide just the boost needed for other productive export sectors to thrive while at the same time reducing the size of Britain’s over-sized finance sector, which is overly http://healthsavy.com/product/neurontin/ geared to wealth extraction rather than wealth creation. In Reisen’s own words:
” . . a more competitive British pound and a reduced size of the country’s finance sector are definitely two things worth striving for.”
Our thoughts exactly, and we are pleased to see our Finance Curse analysis referenced in the article, since we have consistently cited the UK political economy as a case study of how an over-sized financial sector does more harm than good. Read more about the Finance Curse here.
Related articles

Data havens: how to tackle the new digital race to the bottom

Taxing Wall Street: the Tax Justice Network December 2020 podcast

Online Conference: How to Pay for the Climate Transition

Taking Panama to task: Women’s rights trampled by financial secrecy

It’s got to be automatic: Trillions of dollars offshore revealed by Tax Justice Network policy success

Tax, reparations and ‘Plan B’ for the UK’s tax haven web

Britain’s Slave Owner Compensation Loan, reparations and tax havenry

Nixon-era laws have shaped western racism and protected ‘enablers’ of financial crimes

The Wall Street Climate Consensus
