UCL Institute for Innovation and Public Purpose


Public Health Systems in the Age of Financialization

17 June 2024, 5:00 pm–6:30 pm

Public health systems in the age of financialization

Join UCL IIPP in conversation with Dr Ana Carolina Cordilha, Lecturer at the Economics Department of Sorbonne Nouvelle University, for a panel discussion on the book 'Public Health Systems in the Age of Financialization' chaired by Dr Cecilia Rikap, Head of Research and Associate Professor in Economics, UCL Institute for Innovation and Public Purpose (IIPP).

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Join this fascinating discussion on Monday 17th June 2024 at 17:00-18:30 (BST) at University College London (UCL).

About this talk:

In Public Health Systems in the Age of Financialization, Ana Carolina Cordilha unpacks policy shifts that have transformed public health systems into vehicles for financial speculation and capital accumulation. While it is commonly thought that these systems are being cut back in the period of financialization, the author shows that current changes in public health financing go far beyond budget cuts and privatization measures. She examines how public health systems are adopting financial instruments and participating in financial accumulation strategies, with harmful impacts on solidarity and democratic participation. With an in-depth study of both the French and Brazilian systems, Cordilha explores the different ways in which this process unfolds in central and peripheral countries.

Meet the panel:

  • SpeakerDr Ana Carolina Cordilha | Lecturer at the Economics Department of Sorbonne Nouvelle University
  • Chair: Dr Cecilia Rikap | Head of Research and Associate Professor in Economics at the UCL Institute for Innovation and Public Purpose (IIPP)

Read more about IIPP Conversations 2023-24

About the Speakers

Dr Ana Carolina Cordilha

Lecturer at the Economics Department at Sorbonne Nouvelle University

Dr Ana Carolina Cordilha is a Brazilian researcher and lecturer in Economics, based in Paris. The focus of her research is the process of financialization and how it reshapes social security and public health systems. Cordilha finds it important to consider how both monetary and fiscal policy are transformed by the process of "financial dominance" and the effects this has on the financing of national social security systems. 

Dr Ana Carolina Cordilha is inspired by different schools within Heterodox Economics and draws particularly on dependency theory to understand how currency hierarchies shape monetary and fiscal policy, and consequently the financialization of social security, in central and peripheral economies. More recently, Ana Carolina has been working on topics related to finance and landgrabbing, as well as wealth inequalities.

She is a member of the Institute for High Studies in Latin America and the Center for Research and Documentation on the Americas of Sorbonne Nouvelle University (Institute des hautes études en Amérique latine - IHEAL / Centre de recherche et de documentation des Amériques - CREDA). Her teaching activities at Sorbonne Nouvelle include courses in International Political Economy/Economic Development, Research Methodology, and Quantitative Methods in Social Sciences.

Ana Carolina is also a member of the research project "Wealth Inequalities and Elites in the Global South", held by the Southern Center for Inequality Studies (SCIS) at the University of the Witwatersrand (Johannesburg).

More about Dr Ana Carolina Cordilha

Dr Cecilia Rikap

Head of Research and Associate Professor in Economics at UCL Institute for Innovation and Public Purpose

Cecilia Rikap
Cecilia Rikap (PhD in economics from the Universidad de Buenos Aires) is associate professor in Economics and Head of Research at IIPP- UCL. Until joining UCL, she was a permanent Senior Lecturer in International Political Economy (IPE) at City, University of London and programme director of the BSc in IPE at the same university. She is a tenure researcher of the CONICET, Argentina’s national research council, and associate researcher at COSTECH lab, Université de Technologie de Compiègne.

Cecilia’s research is rooted in the international political economy of science and technology and the economics of innovation. She currently studies the rising concentration of intangible assets leading to the emergence of intellectual monopolies, among others from digital and pharma industries, the distribution of intellectual (including data) rents, resulting geopolitical tensions and the effects of knowledge assetization on the knowledge commons and development. She has published two books on these topics. 1) “Capitalism, Power and Innovation: Intellectual Monopoly Capitalism uncovered” (Routledge), recently won the EAEPE Joan Robinson Prize Competition. 2) “The Digital Innovation Race: Conceptualizing the Emerging New World Order” (Palgrave), co-authored with B.A.K. Lundvall, focuses on the artificial intelligence race and clashes of power between the US and Chinese Big Tech, the US state and the Chinese states. Her recent work includes corporate planning of global production and innovation systems driven by intellectual monopolization and how these leading corporations, in particular tech giants, are developing state-like features, thus reshaping core and peripheral states. More about Dr Cecilia Rikap