Leiden University Student Repository

Ng, Vivian (2020)

Finance Curse and Illegality: The Impacts of Financialization and Illegality on Malta’s Economic Development

Master thesis | International Relations (MA)

This thesis analyzes the impacts of over-financialization and illegality on Malta's economic development. This is done through examining Malta's four different financialization strategies between 2013-2019 to investigate their impacts on Malta's economic development by applying the theory of Finance Curse. These impacts are analysed in terms of three risks: political, economic and societal, to study the net contribution of financialization to Malta. The result shows that the net growth of Malta's economy is lower when illegality intertwined with financialization due to the exposure of the three risks.

Finance Curse

Illegality

Financialization

Economic Development

Malta

Microstate

Over-Financialization

Author

Ng, Vivian

Faculty

Faculty of Humanities

Specialisation

Global Political Economy

Supervisors

Scepanovic, Vera

ECTS Credits

15

Language

en