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SUMMARY:Party Politics\, Capital Mobilization and the Rise of ‘Small Boy
 s’ Capitalists in Ghana’s Fourth Republic - George Bob-Milliar\, Kwame
  Nkrumah University of Science &amp\; Technology and CAS Visiting Fellow
DTSTART:20170306T170000Z
DTEND:20170306T183000Z
UID:TALK70472@talks.cam.ac.uk
CONTACT:Victoria Jones
DESCRIPTION:In the last two decades\, impressive growth rates have been re
 corded in a number of states in Sub-Saharan Africa. Nonetheless\, economic
  transformation has not happened in much of Africa. The ‘emerging Africa
 ’ narrative is linked to political liberalization and its growth inducin
 g features such as democratic governance\, peace and stability. The aim of
  this paper is to question whether liberal democracy as institutionalized 
 in Africa has any bearing on the emerging class of home-grown capitalists.
  Using Ghana as a case study\, this paper explores a number of questions: 
 what is driving economic growth in Ghana? what is the link between party p
 olitics and capital mobilization\, and how is capital mobilized in non-cap
 italist environment? The empirical part of the analysis is based on data c
 ollected through in-depth interviews with political elites\, technocrats\,
  business people and party activists. The paper argues that party politics
  facilitates access to public capital and its mobilization and\, consequen
 tly the rise of the new generation of indigenous capitalists. It concludes
  that capital is largely mobilized from public resources. Two types of cap
 ital are mobilized in the political arena\; party membership allows politi
 cal entrepreneurs to mobilize ‘phantom’ capital through their proxy co
 mpanies. Much of the phantom capital is re-invested in partisan politics. 
 On the other hand\, special government initiatives allow ‘real’ capita
 l to be mobilize by large business enterprises. The mobilize capital is us
 ed to expand or diversify the business\, and wean it from partisan politic
 s.
LOCATION:Seminar Room S1 Alison Richard Building\, 7 West Road\, Cambridge
  CB3 9DT
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