Florence Dafe
Biographic Data
| ID | 297861 |
|---|---|
| NAME | Florence Dafe |
| GIVEN NAMES | Florence |
| FAMILY NAME | Dafe |
| SIGNATURE | DAFE F |
| AFFILIATIONS | London School of Economics and Political Science |
| ORCID | 0000-0001-7337-0027 |
| VERIFIED | Yes |
| TOTAL WORKS | 11 |
| TOTAL CITATIONS | 46 |
| WORKS AS AUTHOR | 11 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2018 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 4 |
The political power of digital multinational companies in an era of geo-technological competition
This commentary examines the political power of digital multinational companies (MNCs). Our review of the existing literature finds that comparative scholarship has focused on state-business relationships at the country level and sheds light on the sources of power flowing from the positions of digital companies in national political economies. However, to a lesser extent, comparativists have studied the power flowing from digital companies withi…
Platform disempowerment
Varieties of capitalism and patient capital in developing and emerging economies
Patient capital (PC) has gained traction in discussions about how finance can better serve society. While PC is a central concept in comparative political economy (CPE), this literature has focused on advanced economies in conceptualizing PC and we know little about the conditions under which PC leads to positive outcomes. We extend the conceptualization of PC to enhance its relevance for developing and emerging economies (DEEs) and examine who p…
Tussle for space
As efforts to harmonize policies globally intensify, developing countries increasingly face pressures to adopt international standards. Yet, we know little about the circumstances under which developing countries manage to circumvent such pressures, or about their strategies to maintain policy space. We explore under which conditions developing countries are willing and able to sustain mock‐compliance, a situation where countries comply on paper …
Local Currency Bond Markets in Africa
This article examines the development and implications of local currency bond markets (LCBMs) in African countries in the context of international financial subordination (IFS). Despite the promotion of LCBMs as a solution to debt vulnerability, there is a dearth of research that offers a systematic empirical examination of their actual benefits along with conceptual explanations as to when and why such benefits may or may not materialize. This i…
Domestic Bank Reform and the Contingent Nature of the Structural Power of Finance in Emerging Markets
This article examines the structural power of domestic finance in developing and emerging economies (DEEs) in the context of a shift toward increasingly activist financial development planning and financial sector reform. Focusing on efforts to create large, internationally competitive banks in Malaysia and Nigeria dating to the late 1990s and early 2000s, it highlights that banks have not played their envisaged role in financing structural trans…
Introduction
How do we theorize and analyze the structural power of finance when global capitalism itself undergoes constant and profound structural transformation? The literature continues to assume that the source of financial structural power is its unique ability to provide credit to the real economy, playing a crucial role in meeting the investment imperative. But recent research documents that most financial market activities no longer facilitate produc…
Banking on courts
In this paper, we explore the drivers of the rise of third-party funding (TPF) in investor-state arbitration. TPF involves financiers shouldering the legal fees of an investment treaty claim against a sovereign state in exchange for a share of any eventual award. Existing research has highlighted how TPF may exacerbate the inequities inherent to a legal regime that is already weighted in favor of private interests by increasing investors’ access …
The Politics of Finance
While there is a large literature on the politics of central banking its insights are difficult to translate to sub-Saharan Africa. This article addresses gaps in this literature by considering how the interests of those who control financial resources sway African central banks. Case studies of Kenya, Nigeria and Uganda demonstrate that variation in the sources of capital on which countries rely to finance investment helps to account for the pat…
Ambiguity in international finance and the spread of financial norms
Despite powerful pressures for convergence towards global financial norms we do not see uniform outcomes across the globe. Instead, local agents seek to adapt foreign agendas to local conditions. While scholarship has illustrated the localization of global norms, we still lack a systematic understanding of why certain localized norms emerge and how we can explain agency in the face of pressures for policy convergence. I offer an analysis of the s…
Fuelled Power
While the literature on business power and global finance has illuminated the ways in which financial institutions limit the policy autonomy of states in developing countries, we know much less about the circumstances under which the power of financiers is undermined. In this article, I advance explanations of these circumstances by arguing that state access to natural resource revenues reduces the power of financial institutions and enhances the…
Introduction
How do we theorize and analyze the structural power of finance when global capitalism itself undergoes constant and profound structural transformation? The literature continues to assume that the source of financial structural power is its unique ability to provide credit to the real economy, playing a crucial role in meeting the investment imperative. But recent research documents that most financial market activities no longer facilitate produc…
Ambiguity in international finance and the spread of financial norms
Despite powerful pressures for convergence towards global financial norms we do not see uniform outcomes across the globe. Instead, local agents seek to adapt foreign agendas to local conditions. While scholarship has illustrated the localization of global norms, we still lack a systematic understanding of why certain localized norms emerge and how we can explain agency in the face of pressures for policy convergence. I offer an analysis of the s…
Domestic Bank Reform and the Contingent Nature of the Structural Power of Finance in Emerging Markets
This article examines the structural power of domestic finance in developing and emerging economies (DEEs) in the context of a shift toward increasingly activist financial development planning and financial sector reform. Focusing on efforts to create large, internationally competitive banks in Malaysia and Nigeria dating to the late 1990s and early 2000s, it highlights that banks have not played their envisaged role in financing structural trans…
Fuelled Power
While the literature on business power and global finance has illuminated the ways in which financial institutions limit the policy autonomy of states in developing countries, we know much less about the circumstances under which the power of financiers is undermined. In this article, I advance explanations of these circumstances by arguing that state access to natural resource revenues reduces the power of financial institutions and enhances the…
Tussle for space
As efforts to harmonize policies globally intensify, developing countries increasingly face pressures to adopt international standards. Yet, we know little about the circumstances under which developing countries manage to circumvent such pressures, or about their strategies to maintain policy space. We explore under which conditions developing countries are willing and able to sustain mock‐compliance, a situation where countries comply on paper …
Banking on courts
In this paper, we explore the drivers of the rise of third-party funding (TPF) in investor-state arbitration. TPF involves financiers shouldering the legal fees of an investment treaty claim against a sovereign state in exchange for a share of any eventual award. Existing research has highlighted how TPF may exacerbate the inequities inherent to a legal regime that is already weighted in favor of private interests by increasing investors’ access …
Local Currency Bond Markets in Africa
This article examines the development and implications of local currency bond markets (LCBMs) in African countries in the context of international financial subordination (IFS). Despite the promotion of LCBMs as a solution to debt vulnerability, there is a dearth of research that offers a systematic empirical examination of their actual benefits along with conceptual explanations as to when and why such benefits may or may not materialize. This i…
Fuelled Power
While the literature on business power and global finance has illuminated the ways in which financial institutions limit the policy autonomy of states in developing countries, we know much less about the circumstances under which the power of financiers is undermined. In this article, I advance explanations of these circumstances by arguing that state access to natural resource revenues reduces the power of financial institutions and enhances the…
The Politics of Finance
While there is a large literature on the politics of central banking its insights are difficult to translate to sub-Saharan Africa. This article addresses gaps in this literature by considering how the interests of those who control financial resources sway African central banks. Case studies of Kenya, Nigeria and Uganda demonstrate that variation in the sources of capital on which countries rely to finance investment helps to account for the pat…
Ambiguity in international finance and the spread of financial norms
Despite powerful pressures for convergence towards global financial norms we do not see uniform outcomes across the globe. Instead, local agents seek to adapt foreign agendas to local conditions. While scholarship has illustrated the localization of global norms, we still lack a systematic understanding of why certain localized norms emerge and how we can explain agency in the face of pressures for policy convergence. I offer an analysis of the s…
Banking on courts
In this paper, we explore the drivers of the rise of third-party funding (TPF) in investor-state arbitration. TPF involves financiers shouldering the legal fees of an investment treaty claim against a sovereign state in exchange for a share of any eventual award. Existing research has highlighted how TPF may exacerbate the inequities inherent to a legal regime that is already weighted in favor of private interests by increasing investors’ access …
Domestic Bank Reform and the Contingent Nature of the Structural Power of Finance in Emerging Markets
This article examines the structural power of domestic finance in developing and emerging economies (DEEs) in the context of a shift toward increasingly activist financial development planning and financial sector reform. Focusing on efforts to create large, internationally competitive banks in Malaysia and Nigeria dating to the late 1990s and early 2000s, it highlights that banks have not played their envisaged role in financing structural trans…
Introduction
How do we theorize and analyze the structural power of finance when global capitalism itself undergoes constant and profound structural transformation? The literature continues to assume that the source of financial structural power is its unique ability to provide credit to the real economy, playing a crucial role in meeting the investment imperative. But recent research documents that most financial market activities no longer facilitate produc…
Tussle for space
As efforts to harmonize policies globally intensify, developing countries increasingly face pressures to adopt international standards. Yet, we know little about the circumstances under which developing countries manage to circumvent such pressures, or about their strategies to maintain policy space. We explore under which conditions developing countries are willing and able to sustain mock‐compliance, a situation where countries comply on paper …
Local Currency Bond Markets in Africa
This article examines the development and implications of local currency bond markets (LCBMs) in African countries in the context of international financial subordination (IFS). Despite the promotion of LCBMs as a solution to debt vulnerability, there is a dearth of research that offers a systematic empirical examination of their actual benefits along with conceptual explanations as to when and why such benefits may or may not materialize. This i…
Varieties of capitalism and patient capital in developing and emerging economies
Patient capital (PC) has gained traction in discussions about how finance can better serve society. While PC is a central concept in comparative political economy (CPE), this literature has focused on advanced economies in conceptualizing PC and we know little about the conditions under which PC leads to positive outcomes. We extend the conceptualization of PC to enhance its relevance for developing and emerging economies (DEEs) and examine who p…
The political power of digital multinational companies in an era of geo-technological competition
This commentary examines the political power of digital multinational companies (MNCs). Our review of the existing literature finds that comparative scholarship has focused on state-business relationships at the country level and sheds light on the sources of power flowing from the positions of digital companies in national political economies. However, to a lesser extent, comparativists have studied the power flowing from digital companies withi…
Platform disempowerment
Economics (9 works) · Finance (8 works) · Political science (8 works) · Banking stability, regulation, efficiency (6 works) · Business (6 works) · Politics (6 works) · Economic growth (5 works) · Housing, Finance, and Neoliberalism (5 works) · Power (physics (5 works) · Developing country (4 works)