ABSTRACT
One of the main strengths of financialization as a concept is its potential for interdisciplinary research (Aalbers 2015). In this spirit, the chapter brings together different debates from economic geography, political economy and heterodox economics, addressing the underlying structures and spatial sites of variegated financialization. The focus here is on the Global South, and specifically on emerging economies (EMEs), where financialization is acknowledged to take on a distinct character, shaped by the interaction of international and domestic forces. While the distinctiveness of financialization in EMEs has been discussed for some time, producing important studies on the changing nature of financial markets and institutions within specific countries (Rethel 2010; Correa, Vidal & Marshall 2012; Ashman & Fine 2013), there are few comparative accounts across a larger number of poorer countries or regions. 1
