Global Financialisation and Disability: Can Disability Budgeting be an Effective Response in the South?
This chapter explores a southern disabled standpoint as a theoretical and strategic approach to examine disability with the intensification of global financialisation. The 2008 financial crisis was a significant illustration of the fragility of deregulated financial markets which directly impacted on advances in addressing issues of poverty, particularly for people with disabilities in the global South. By locating the 2008 crisis within neo-liberal strategies of financial deregulation launched in the mid-1990s, this chapter examines how the normalisation of financialisation mechanisms, processes and practices reproduces the marginalisation and exploitation of people with disabilities in the global South. In particular, we illuminate new forms of colonialism by highlighting how global finance capital located in the global North increasingly influences the development landscape. To conclude, we explore the increasing role of identity budgeting, as first articulated in Sao Paolo through local women’s movements as ‘gender budgeting’, as a counteracting southern tool of social justice.
KeywordsGlobalisation Financialisation Post-global financial crises Identity budgeting Gender budgeting Disability budgeting Democratic budgeting Participatory budgeting
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