State-owned banks and development: Dispelling mainstream myths

Marois, Thomas

Abstract

Thirty years of neoliberal restructuring have side-lined alternative financing practices, and propagated mainstream myths about state-owned banks. This paper examines these neoliberal claims, arguing instead that public financing remains a crucial part of progressive, sustainable and democratic strategies for investments in long-term development and infrastructure. Drawing on past and present case studies, as well as theoretical literature on finance, the paper points to the potential to revive and improve state-owned banking as a viable option for financing public services.

Citation

Marois, T. (2013). State-owned banks and development: Dispelling mainstream myths

• Report Type: Other
• Publication Date: Dec 1, 2013
• Deposit Date: Dec 12, 2013
• Publicly Available Date: Mar 17, 2025
• Publisher URL: http://www.municipalservicesproject.org/msp-publications/Occasional%20Paper