Abstract

This article examines the role of financial capital in the cocoa industry of Côte d’Ivoire and Ghana. It argues that the processes of structural adjustment in the 1980s and 1990s brought two important elements into play. Firstly, transnational corporations taking advantage of the opening of global markets to gain control over the cocoa sector, and secondly, financial institutions promoting ‘country platforms’ that encouraged public–private partnerships to mobilize foreign investments and define development objectives. This has led to a distinct pattern of investment, which is intimately connected with governance reforms underpinned by a diverse set of public and private alliances at different levels. The article traces these alliances which have given rise to community development programmes. However, these programmes are underpinned by a drive towards greater intensification of production through the use of inputs supported by credit, which threatens to entangle farmers in debt and lock them into the poverty inherent in the cocoa industry.

中文翻译：

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西非可可中的跨国公司，金融化和社区发展

摘要

本文探讨了金融资本在科特迪瓦和加纳的可可行业中的作用。它认为，1980年代和1990年代的结构调整过程使两个重要因素发挥了作用。首先，跨国公司利用全球市场的开放来获得对可可部门的控制，其次，金融机构推广“国家平台”，以鼓励公私伙伴关系动员外国投资并确定发展目标。这导致了一种独特的投资模式，与由各级不同的公共和私人联盟组成的基础上的治理改革密切相关。这篇文章追溯了导致社区发展计划的这些联盟。然而，