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Semi-peripheral financialisation: the case of Portugal

Author

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  • João Rodrigues
  • Ana C. Santos
  • Nuno Teles

Abstract

This paper presents the main features of the financialisation of the Portuguese economy and society by focusing on the relation between the Portuguese financial sector and both external and domestic economic agents. It underlines the role played by the insertion of domestic finance into international financial markets in the financialisation of the country. Based on the Portuguese case, it elaborates on the theoretical understanding of the context-specific nature of semi-peripheral financialisation aimed as a contribution to an emerging body of literature addressing this phase of capitalism.

Suggested Citation

  • João Rodrigues & Ana C. Santos & Nuno Teles, 2016. "Semi-peripheral financialisation: the case of Portugal," Review of International Political Economy, Taylor & Francis Journals, vol. 23(3), pages 480-510, May.
  • Handle: RePEc:taf:rripxx:v:23:y:2016:i:3:p:480-510
    DOI: 10.1080/09692290.2016.1143381
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    Cited by:

    1. Michael Goldman & Devika Narayan, 2021. "Through the Optics of Finance: Speculative Urbanism and the Transformation of Markets," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 45(2), pages 209-231, March.
    2. Hugo Dias, 2021. "The evolution of Portuguese trade unionism: Political economies and power resources," Industrial Relations Journal, Wiley Blackwell, vol. 52(3), pages 237-254, May.
    3. Ricardo Barradas & João Alcobia, 2024. "Determinants Of The Portuguese External Imbalances: The Lens Of Post-Keynesian Economics," Working Papers REM 2024/0334, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    4. Costas Lapavitsas & Aylin Soydan, 2020. "Financialisation in developing countries: Approaches, concepts, and metrics," Working Papers 240, Department of Economics, SOAS University of London, UK.
    5. Mirjam Büdenbender & Manuel B. Aalbers, 2019. "How Subordinate Financialization Shapes Urban Development: The Rise and Fall of Warsaw's Służewiec Business District," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 43(4), pages 666-684, July.
    6. Akcay, Ümit & Hein, Eckhard & Jungmann, Benjamin, 2021. "Financialisation and macroeconomic regimes in emerging capitalist economies before and after the Great Recession," IPE Working Papers 158/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).

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