Professor Paul Cammack
Tuesday, 27 October 2015, 5-7 PM
Room G3 (SOAS Main Building)
Discussant: Dr Alessandra Mezzadri (SOAS)
Abstract: It is too often forgotten that some of the first calls for structural adjustment from the late 1970s on came from the OECD and the World Bank, and were directed towards the advanced Western economies. These organizations urged them to reform their welfare regimes and to open their economies to exports from the newly industrialised countries in particular. This paper characterises them primarily as producers of rules for the world market, and follows the evolution of the ‘world market project’ through to the present, with reference to the successive conjunctures of 1989-91 and 2008-2009. The principal focus is on the promotion of competitiveness, and the reform of labour markets and social protection. It is argued that the project is best understood as centrally concerned with the development of capitalist relations of production on a global scale.
Professor Paul Cammack received his PhD from the University of Oxford. He was until recently a faculty member in the Department of Asian and International Studies at City University of Hong Kong, China where he taught Global Political Economy. Professor Cammack has recently published “World Market Regionalism at the Asian Development Bank” in the Journal of Contemporary Asia and a series of Working Papers on the multilateral development banks and the Global Financial Crisis. Professor Cammack’s research interests include the response of multilateral development banks to the financial crisis, the political economy of Latin America, Marxism, south-south cooperation and the politics of development.
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