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Philip Mader

Research Fellow

Philip Mader is a research fellow in the Business, Markets and the State research cluster, and has over 11 years’ research and consulting experience in the field of international development. His research areas include political economy, finance and development, youth employment, financialisation, financial inclusion and financial literacy, and private governance and standards. He has led impact evaluations of financial inclusion and Solidarity Groups for European and international funders.

His prior research, which focused on microfinance and its connections with poverty and financial markets, was awarded two major PhD prizes. He has research and consulting experience in India and sub-Saharan Africa, and has been invited to speak at academic and practitioner events on all continents.

Philip is the co-convenor of the MA Globalisation, Business and Development at IDS and, since 2016, he has convened the module ‘Business as a Development Actor’.

He previously taught sociology, political economy and theory of knowledge at IDS and the Universities of Cologne and Basel.

Office hours for students: 11:30-12:30 on Wednesdays during term time; please e-mail in advance for an appointment.

PhD supervision

Phil co-supervises the PhD of Stella Odiase and will consider applications from PhD students for the 2021-22 academic year.

International talks and lectures

  • Microfinance: Problems, Critiques, Solutions – public lecture given at Monash University, 09 November 2017

Recent featured publications and podcast

9 Ways Coronavirus Could Transform Capitalism

Africa’s ‘Youth Employment’ Crisis is Actually a ‘Missing Jobs’ Crisis

Podcast S02 Ep12: Battling Eight Giants: Basic Income Now – Guy Standing



Handbook of Financialization

  Financialization has become the go-to term for scholarship that studies the vastly expanded role of finance in contemporary politics, economy and society. The concept itself has equally expanded and evolved from a niche research theme in critical scholarship to one that informs an...


Coalition for Religious Equality and Inclusive Development (CREID)

The Coalition for Religious Equality and Inclusive Development (CREID) provides research evidence and delivers practical programmes which aim to redress the impact of discrimination on the grounds of religion or belief, tackle poverty and exclusion, and promote people’s wellbeing and...


International Centre for Tax and Development (ICTD)

The International Centre for Tax and Development (ICTD) provides research evidence that supports developing countries in raising domestic revenues equitably and sustainably, in a manner that is conducive to pro-poor economic growth and good governance.



Young Africans need more and better jobs, not more training

When the world rebuilds after the Covid-19 crisis, Africa will have a unique challenge to face: bringing its overwhelmingly young workforce into decent, productive, and secure jobs. Africa has the world’s youngest population, a fact that some hope will mean fewer deaths and serious cases,...

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Philip Mader & 4 others

10 September 2020


The last days of Indian democracy

India marks its 73rd year of freedom from colonial rule on August 15th, still claiming the mantle of the world's biggest democracy and a secular state where citizens’ constitutional rights are guaranteed. But those who have been paying attention to India are not celebrating. Covid-19 has given...

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Naomi Hossain & 4 others

14 August 2020


To ‘build back better’ we must rein in financialisation

How we rebuild our economies after the Covid-19 crisis will depend on how societies change their relationship with finance. Several decades of financialisation have given outsized power to financial markets and actors. Financial systems should serve the productive economy and be controlled...

29 June 2020



Making Finance Work for the Greater Good

Business, Markets and the State Position Paper 3

Finance is a key factor in economic growth and the pursuit of all other development objectives. Yet, financial markets have produced destructive crises and have contributed to rising inequality and unjust allocations of resources. Consequently, many efforts have focused on redesigning finance,...

29 April 2020


The Routledge International Handbook of Financialization

Financialization has become the go-to term for scholars grappling with the growth of finance. This Handbook offers the first comprehensive survey of the scholarship on financialization, connecting finance with changes in politics, technology, culture, society and the economy. The publication...

1 April 2020

Philip Mader’s recent work