On Tuesday 8 November 2016, the School of Oriental and African Studies (SOAS), University of London hold a conference concluding its work done for the Financialisation Economy Society and Sustainable Development (FESSUD) project.
The well-attended day-long conference was opened by Professor Malcolm Sawyer, the Principal Investigator of the project, summing up the key findings and the main approach to financialisation. He was followed by Professor Engelbert Stockhammer of Kingston University, who showed how the existence of financialisation in different countries can be identified econometrically in a study co-authored with Dr. Ewa Karwowski and Dr. Mimoza Shabani.
After this the impact of financialisation on everyday life was addressed, with Jennifer Churchill explaining the changes in funded pension schemes, and Dr. Kate Bayliss showing how water and health service provision were increasingly associated with larger financial balance sheets.
After lunch, Professor Ben Fine spoke more generally about the material cultures of financialisation which he identified with various aspects of our consumption. Professor Terry McKinley then examined financialisation in emerging markets. Dr. Bruno Bonizzi then examined how the growing private sector external debt of many developing countries is driving financialisation in those countries. The conference concluded with a reflection by professor Jan Toporowski on what we have learned from financialisation, and what still remains to be learned.