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Centre of Development Studies



Natalya Naqvi is University Assistant Professor of Development Studies in the Department of Politics and International Studies. Prior to joining Cambridge, Natalya was an Assistant Professor in International Political Economy at the London School of Economics. She has held a joint research fellowship at the Niehaus Center for Globalization and Governance, Princeton University, and the Blavatnik School of Government, University of Oxford. She holds a PhD and MPhil from the Centre of Development Studies, University of Cambridge.


Natalya’s research focuses on the role of the state and the financial sector in economic development, as well as the amount of policy space developing and industrialised countries have to conduct selective industrial policy. She is interested in the role of public banks,  state-owned enterprises, and the causes and consequences of privatisation in developing and industrialised economies. Her current project investigates the conditions under which developing countries exert public control over their financial sectors in order to support structural transformation of the economy, despite the constraints posed by economic globalisation


Key publications: 

Renationalising finance for development: Policy space and public economic control in Bolivia 
2020. Review of International Political Economy

Manias, panics and crashes in emerging markets: An Empirical Investigation of the Post-2008 Crisis Period
2019New Political Economy  24 (6), 759-779 

Kicking Away the Financial Ladder? German development banking under economic globalisation, with Anne Henow and Ha-Joon Chang
2018. Review of International Political Economy25 (5), 672-698

Finance and Industrial Policy in Unsuccessful Developmental States: The Case of Pakistan 
​2018. Development and Change, 49 (4), 1064-1092

Privatization in the Land of Believers: The political economy of privatization in Pakistan, with Kamal Munir
​2017. Modern Asian Studies, 51 (6), 1695-1726

Teaching and Supervisions


Natalya teaches Paper 1 (Development Economics) and 310 (Finance and Development) for the MPhil in Development Studies.

University Assistant Professor of Development Studies

Contact Details
Takes PhD students