ABSTRACT Gordon Clark assesses the urban and regional infrastructure funding problems created by contemporary developments in the globalization of finance, proposing solutions for the European context. This commentary interrogates the appropriateness of Clark’s approach for the Global South. I suggest that Clark’s discussion of a global savings glut is embedded in a Euro-American, market-equilibrium-oriented conception of finance. I question the applicability of market-equilibrium thinking in general, and argue that it does not capture the uncertainties, barriers and instabilities associated with accessing finance in the Global South. I also question whether private-sector return-on-investment considerations can finance infrastructure that meets social justice priorities, arguing that it is thus important to assess critically alternative more-than-capitalist finance models for infrastructure provision such as China’s Belt and Road initiative.

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超越欧洲：戈登·克拉克对金融中介的观点评论

摘要戈登·克拉克（Gordon Clark）评估了金融全球化中当代发展带来的城市和区域基础设施融资问题，并提出了针对欧洲的解决方案。这篇评论质疑了克拉克对全球南方采取的方法是否适当。我建议克拉克关于全球储蓄过剩的讨论嵌入在欧美，以市场均衡为导向的金融概念中。我对市场均衡思维的总体适用性表示怀疑，并认为它并未涵盖与全球南方获得融资相关的不确定性，障碍和不稳定性。我还质疑私营部门的投资回报率考虑因素能否为满足社会正义优先事项的基础设施提供资金，