Project's title: Financialisation, economy, society and sustainable development
Project's duration: 2011-2016
Contact person: Eric Clark
Researchers in the project:
FESSUD is a multidisciplinary, pluralistic project which aims to forge alliances across the social sciences, so as to understand how finance can better serve economic, social and environmental needs.
FESSUD brings together expertise from many leading universities to look afresh at how the financial system affects the world around us. We need to know what can be done to make the financial system work for society, the economy and the environment and not – as has sometimes been the case – the other way round.
Some central issues FESSUD aims to address are; What is financialisation and how has it impacted on the achievement of specific economic, social, and environmental objectives? What is the nature of the relationship between financialisation and the sustainability of the financial system, economic development and the environment? What lessons can be drawn from the crisis about the nature and impacts of financialisation? What are the requisites of a financial system able to support a process of sustainable development, broadly conceived?