Advertisement

Global Financialisation and Disability: Can Disability Budgeting be an Effective Response in the South?

  • S. Janaka Biyanwila
  • Karen SoldaticEmail author
Chapter
Part of the International Perspectives on Social Policy, Administration, and Practice book series (IPSPAP)

Abstract

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.

Keywords

Globalisation Financialisation Post-global financial crises Identity budgeting Gender budgeting Disability budgeting Democratic budgeting Participatory budgeting 

References

  1. Balakrishnan, R., Heintz, J., & Elson, D. (2016). Rethinking economic policy for social justice. London: Routledge.Google Scholar
  2. Barnes, C. (2007). Disability activism and the struggle for change: Disability, policy and politics in the UK. Education, Citizenship and Social Justice, 2(3), 203–221.CrossRefGoogle Scholar
  3. Biyanwila, J. (2011). FTZ workers and politics of social protection. Polity, 6(1 & 2), 11–16. Retrieved from www.ssalanka.org/latest_plt.htm.Google Scholar
  4. Castells, M., & Portes, A. (1989). World underneath: The origins, dynamics and effects of the informal economy. In A. Portes, M. Castells, & L. A. Benton (Eds.), The informal economy: Studies in advanced and less developed countries (pp. 3–27). Baltimore, MD: John Hopkins University Press.Google Scholar
  5. Chakraborty, L. S. (2003). Budgetary allocations and gender in Sri Lanka: A categorization of financial inputs. New Delhi: National Institute of Public Finance and Policy.Google Scholar
  6. Chaudhry, V. (2015). Neoliberal disorientations: Changing landscapes of disability and governance in India. Disability & Society, 30(8), 1158–1173. Retrieved from http://dx.doi.org/10.1080/09687599.2015.1081093.CrossRefGoogle Scholar
  7. Chaudhry, V. (2016). Living at the edge: Disability, gender, and neoliberal debtscapes of microfinance in India. Affilia. doi: 10.1177/0886109915622525.
  8. Connell, R. (2007). Southern theory: Social science and the global dynamics of knowledge. London: Polity.Google Scholar
  9. Connell, R. (2011). Southern bodies and disability: Re-thinking concepts. Third World Quarterly, 32(8), 1369–1381.CrossRefGoogle Scholar
  10. Epstein, G. A. (2005). Financialisation and the world economy. Cheltenham: Edgar Elgar.Google Scholar
  11. Epstein, G. (2006). Too much, too soon: IMF conditionality and inflation targeting. At Issue, Bretton Woods Project, (September).Google Scholar
  12. Gabor, D. (2010). The International Monetary Fund and its new economics. Development and Change, 45(1), 805–830.CrossRefGoogle Scholar
  13. Grech, S. (2015). Disability and Poverty in the global South: Renegotiating development in Guatemala. London: Palgrave Macmillan.CrossRefGoogle Scholar
  14. Grech, S., & Soldatic, K. (Eds.). (2016). Disability in the global South: The critical handbook. New York: Springer.Google Scholar
  15. Hans, A., Patel, A. M., & Agnihotri, S. B. (2008). The need for a framework for combined disability and gender budgeting. Indian Journal of Gender Studies, 15(2), 233–260.CrossRefGoogle Scholar
  16. ILO. (2014). World social protection report 2014/15. Geneva: ILO. Retrieved from http://www.ilo.org/global/about-the-ilo/newsroom/news/WCMS_244748/lang—en/index.htm.Google Scholar
  17. International Labor Organization (ILO). (2013). Are economic stagnation and unemployment fueling social unrest? Social Unrest Index. Geneva: ILO.Google Scholar
  18. Meekosha, H. (2011). Decolonising disability: Thinking and acting globally. Disability & Society, 26(6), 667–682.CrossRefGoogle Scholar
  19. Morton, R. (2015, July 24). Serco sights on NDIS Billions. The Australian.Google Scholar
  20. Ong, A. (2006). Neoliberalism as exception: Mutations in citizenship and sovereignty. Durham, NC: Duke University Press.CrossRefGoogle Scholar
  21. Oxfam. (2016). An economy for the 1%. London: Oxfam. Retrieved January 20, 2016, from https://www.oxfam.org/en/research/economy-1.Google Scholar
  22. Peetz, D., & Murray, G. (2012). The financialisation of global corporate ownership. In G. Murray & J. Scott (Eds.), Financial elites and transnational business: Who rules the world? (pp. 26–53). Cheltenham: Edgar Elgar.Google Scholar
  23. Purcil, L. (2016). The preparation of a parallel report on the CRPD: The Philippine Experience. In M. Rioux, P. Pinto, & G. Parekh (Eds.), Disability, rights monitoring and social change (pp. 45–54). Toronto: Canadian Scholars’ Press.Google Scholar
  24. Rosset, P. & Gerber, K. (2014). Gender public policy evaluation for Brazil: Diagnosis and prospects, towards constitutional desired equality. Retrieved from https://www.jus.uio.no/english/research/news-and-events/events/conferences/2014/wccl-cmdc/wccl/papers/ws4/w4-rosset&gerber.pdf.
  25. Samararatne, D. W. V. A., & Soldatic, K. (2015). Inclusions and exclusions in law: Experiences of women with disability in rural and war-affected areas in Sri Lanka. Disability & Society, 30(5), 759–772. Retrieved from http://dx.doi.org/10.1080/09687599.2015.1021760.CrossRefGoogle Scholar
  26. Santos, B. (2009). A non-Occidentalist West?: Learned ignorance and ecology of knowledge. Theory, Culture & Society, 26(7–8), 103–125.Google Scholar
  27. Sen, A. (2015). The economic consequences of austerity. New Statesman [online] Available at: http://www.newstatesman.com/politics/06/amartya-sen-economic-consequences-austerity [Accessed 25 Sept.2015].
  28. Sharp, R., Elson, D., & Costa, M. (2010). Gender responsive budgeting in the Asia Pacific region: Democratic Socialist Republic of Sri Lanka. Adelaide, SA, Australia: University of South Australia. Retrieved from http://www.unisa.edu.au/Documents/EASS/HRI/gender-budgets/sri_lanka.pdf.Google Scholar
  29. Soldatic, K. (2013). The transnational sphere of justice: Disability praxis and the politics of impairment. Disability & Society, 28(6), 744–755. Retrieved from http://dx.doi.org/10.1080/09687599.2013.802218.CrossRefGoogle Scholar
  30. Soldatic, K. (2015). Postcolonial reproductions: Disability, indigeneity and the formation of the white masculine settler state of Australia. Social Identities, 21(1), 53–68. Retrieved from http://dx.doi.org/10.1080/13504630.2014.995352.CrossRefGoogle Scholar
  31. Soldatic, K., van Toorn, G., Dowse, L., & Muir, K. (2014). Intellectual disability and complex intersections: Marginalisation under the National Disability Insurance Scheme. Research and Practice in Intellectual and Developmental Disabilities, 1(1), 6–16. Retrieved from http://dx.doi.org/10.1080/23297018.2014.906050.CrossRefGoogle Scholar
  32. United Nations. (2006). Convention on the rights of persons with disabilities. Retrieved from http://www.un.org/disabilities/default.asp?id=264.
  33. Walby, S. (2005). Gender mainstreaming: Productive tensions in theory and practice. Social Politics, 12(3), 321–343. Retrieved from http://dx.doi.org/10.1093/sp/jxi018.CrossRefGoogle Scholar
  34. Woods, N. (2006). Understanding pathways through financial crisis and the impact of the IMF: An introduction. Global Governance, 12, 373–393.Google Scholar
  35. World Bank. (2001). Social protection sector strategy: From safety net to springboard. Washington, DC: World Bank.CrossRefGoogle Scholar
  36. World Health Organization (WHO) and World Bank. (2011). World report on disability. Geneva: WHO. Retrieved from http://www.who.int/disabilities/world_report/2011/accessible_en.pdf.Google Scholar

Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  1. 1.Independent ResearcherSydneyAustralia
  2. 2.Independent ResearcherColomboSri Lanka
  3. 3.Institute for Culture and Society, Western Sydney UniversitySydneyAustralia

Personalised recommendations