ja_mageia

As the ‘subprime’ crisis of 2007 mutated into a full-blown global emergency, characterised by widespread – and co-ordinated – recessions, massive and unprecedented public investments to stave off collapse of industry, and soaring commodity-price inflation which had debilitating impacts in much of the poorer parts of the world, many thinkers began to question whether Neoliberalism had finally reached its nadir. However, by late 2009, as bankers in the developed-world begin to enjoy the return of their notorious bonuses, the way the crisis has been constructed intellectually by many neoliberal gatekeepers reflects a very different reality. The purpose, therefore, of papers in Track 5, is to explore the ways in which the crisis has been constructed, what it means for Neoliberalism in either theory or practice, and what the future (if, indeed, one exists) of a post-Neoliberal development theory might look like.Research Track 9 – Political and Economic Governance Structures: Towards Reform.