South Feminist Futures is pleased to host the 24th session of the Political Economy Teach-In Series, “The Internalisation of Austerity: Market Power & Economic Sovereignty”, on the 18th of June at 2pm UTC with Dr. Bhumika Muchhala.
Dr. Bhumika Muchhala has 20 years of experience in global justice advocacy and analysis, leading changemaking across multiple scales from intergovernmental negotiations at the UN to social movements. She is a senior advisor at the Third World Network and Adjunct Lecturer in global political economy and governance at The New School. Her transdisciplinary research and scholarship includes international and feminist political economy, political ecology, and critical theories from the global South, such as dependency, colonialism, postcolonialism and decoloniality.
This session will look at how today’s international financial architecture reproduces power imbalances rooted in colonial and imperial history. We’ll examine how austerity is internalised through fiscal rules and ideas of macroprudential or sound finance, as well as the significant role of Credit Rating Agencies and the International Monetary Fund surveillance function. Employing dependency and decolonial theories, this talk explores how the current era of financial market rule normalises and embeds compliance to an austerity bias through both policy and knowledge channels, which ultimately poses a critical challenge to the social contract, economic sovereignty, and developmental states across the South.
Register here!
To explore the session’s curated reading list on the topic: Click here!
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