Our new paper, “Structural Pillars of Financial Imperialism,” offers a historical and political perspective on financial imperialism from the dawn of the Bretton Woods system through to the present day, showcasing the deliberate ways that hegemony has been constructed and is maintained. The four thematic pillars of financial imperialism explored are: (1.) foreign debt, (2.) currency hegemony, (3.) financialization, and (4.) tax evasion and avoidance. The paper concludes by highlighting key moments in ongoing South-led resistance to financial imperialism, reflecting the continuing fight for economic and development justice.
This paper is the result of a collective writing process spanning several years including Erica Levenson, Bhumika Muchhala, and Anita Nayar, with inputs from Francisco Peréz. The authors give their thanks to Shailly Barnes, Manuel Pérez Rocha, and James Heintz, who reviewed the paper at various stages and provided key direction and comments. It is the second in a series of papers on structural issues written with the aim of internationalist political education, produced by Regions Refocus.
Read it here.