UCL Institute for Innovation and Public Purpose


Contemporary dependencies: Finance and imperialism in Senegal and Ghana

26 April 2021, 3:30 pm–5:00 pm


Join us for this talk as part of the IIPP Seminar Series, as Ingrid Kvangraven of University of York discusses her research on Contemporary dependencies: Finance and imperialism in Senegal and Ghana.

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Is dependency theory outdated or out of fashion? Re-defining dependency theory as a research programme, Ingrid Kvangraven argues that the core insights from dependency theory are more relevant than ever. Countries in the periphery still face structural barriers that make it difficult, if not impossible, for them to develop in the same way that the centre countries did.

Drawing on co-authored work with Kai Koddenbrock and Ndongo Samba Sylla, she presents a specific case in which a dependency research programme is helpful for understanding uneven development, namely the development of the financial and banking systems of Ghana and Senegal. They demonstrate through a longue durée study of the finance-production nexus in those countries that an understanding of the historical developments of finance under colonialism is key for understanding how capitalist finance reproduces dependent relationships and constrains domestic investment. Such a de-centered perspective requires a serious engagement with the concept and logics of imperialism.

Read more about the IIPP Seminar Series 2021


About the Speaker

Ingrid Harvold Kvangraven

Lecturer in International Development at University of York

Dr. Ingrid Harvold Kvangraven is a Lecturer in International Development at the University of York. Her research is centered on the role of finance in development, structural features of underdevelopment, the political economy of development and critically assessing the economics field. Her recent articles include “Nobel Rebels in Disguise: Assessing the Rise and Rule of the  Randomistas”,”Beyond the Stereotype: Restating the Relevance of the Dependency Research Programme” and “Financial subordination and uneven financialisation in 21st century Africa’” (with Koddenbrock and Sylla). She is also the Founder and Editor of the blog Developing Economics, founder and steering group member of Diversifying and Decolonising Economics (D-Econ), and Coordinator of the Association of Heterodox Economics. She holds a PhD in Economics from The New School. More about Ingrid Harvold Kvangraven