Emerging Markets for Nature and Challenges for the Ecosystem Service Approach

Ecosystem services (ESS) are a burdened concept. They are supposed to function as a protective mechanism to make nature economically visible, while simultaneously contributing to economic development. At the core of the concept is the ideal of concisely valued and well‐accounted‐for goods traded in markets by rational and moral actors. This virtual idea is being challenged by real local processes of short‐term commodification and market‐based incentives for profit making in ‘messy’, unequal and illegitimate ESS markets. This article presents a local case‐study perspective focusing on the thatch grass ESS in the Kavango Regions of Namibia, where harvesters have become involved in an emerging capitalist value chain. It shows how, against the background of a post‐colonial political‐institutional setting that leaves plenty of leeway for exploitation, the real‐life conflation of market incentives and cash desires transforms local subsistence, causes a revaluation of ESS, and poses a real challenge to the virtual ESS conservation approach. Instead of viewing ESS as countable items involved in beneficial market interactions, we need to come to a more precise understanding of the consequences, local vulnerabilities and externalities of ESS marketizations.     

Legislating nature for biodiversity offsets in New South Wales,Australia

In the contemporary environmental management landscape, legislation is a principal means through which sustainable outcomes are negotiated. Yet the relations between legislation (as a social practice), nature and justice have been subjected to limited scrutiny. This paper explores these relations through consideration of a system of biodiversity offsets currently being implemented in New South Wales, Australia, following the enactment of the Threatened Species Conservation Amendment (Biodiversity Banking) Act 2006 (NSW). In this paper we investigate the work this legislation does in enacting the materiality of nature in order to explore the interrelations of materiality, law and concerns for environmental and ecological justice. We argue that the act of ‘legislating nature’ is simultaneously a ‘mode of matter-ing’ (Law 2004) that in the case of biodiversity banking (BioBanking), resituates biodiversity within new meanings, spatialities, human–nature relations, and which accounts for biodiversity at a state, rather than local, scale. Utilising the work of Latour, we examine the processes of ‘translation’ required to generate abstracted ‘biodiversity values’ that can be traded and moved between locations. Examination of these processes leads to a consideration of the broad requirements of environmental and ecological justice as a theoretical and political response to BioBanking.     

From culture for the people to culture for profit: the PRC’s journey toward a cultural industries approach

This paper seeks to explore the internal driving forces behind the emergence and prosperity of China’s cultural industries. The paper traces the Chinese Communist Party’s radical transformation from stressing the class stand and ideological nature of culture to concluding with the concept of ‘cultural industries’ so as to expand an orthodox Marxist/Leninist/Maoist notion of culture. The Chinese party-state legalizes ‘cultural industries’ by extending the market mechanism into the cultural arena, and acknowledges the triple statuses of culture as a public service provider, a market profit contributor, and an essential builder of the ‘socialist core value system.’ By doing so, the Chinese Party-state is able to take advantage of the economic power of the market while retaining the ideological control function of culture. As such, cultural industries become a mode of governance for the CCP to maintain cultural security and national identity, and a source of soft power to maneuver.     

Resource warfare,pacification and the spectacle of ‘green’ development: Logics of violence in engineering extraction in southern Madagascar

Bringing political ecology's concern with the critical politics of nature and resource violence into dialogue with key debates in political geography, critical security studies and research on the geographies and phenomenology of violence and warfare, this paper explores strategies ‘from above’ in relation to the establishment and operation of the Rio Tinto QIT-Madagascar Minerals (QMM) ilmenite mine in southeast Madagascar. While QMM claims to be a responsible ‘green’ self-regulator and sustainable development actor, it has triggered serious social, environmental and legal conflicts since its inception, including allegations of a ‘double land grab’ to accommodate mining activities and compensatory biodiversity offsetting. We argue that ‘pacification’, theorised as a productive form of violence that works through the re-ordering of socio-nature, underwrites the forms of ‘security’, ‘stability’ and even ‘sustainability’ that facilitate multiple and overlapping strategies of value extraction in the territorial and extra-territorial spaces occupied by the QMM mine partnership. By situating these dynamics historically, we identify ways in which pacification draws upon sedimented and evolving logics of racialised violence to facilitate operations and silence opposition.     

The Sino-centric Capital Export Regime: State-backed and Flexible Capital in the Philippines

There is an ongoing debate as to whether Chinese capital can be described as developmental. While some argue that Chinese capital is simply a tool of the Chinese state to exploit the global South, others claim that Chinese capital opens new development opportunities. Rather than advancing a framework based upon either an exploitative or an egalitarian mode of development, this article argues that China's current crisis of overaccumulation has led to a so-called Sino-centric capital export regime, which sends out two types of capital to the global South. First, state-backed capital imposes a development model by modifying ‘local orders’, attempting to make host states legible by creating maps of peoples and terrains that surround China. These maps aim to improve China's ability to manage inter-state disputes. Second, flexible capital is interested in extricating itself from the conditions imposed on it in China. By moving into the global South, flexible capital breaks through the barriers placed by the Chinese state. As a by-product of this quest for extrication, flexible capital can generate new venues of accumulation and novel ways of organizing production. This article demonstrates these two types of capital using examples from Rodrigo Duterte's Philippines — the Kaliwa Dam project and online gambling — drawing on original field research and a newly generated dataset.     

The socio-ecological fix by multi-scalar states: The development of ‘Greenways of Paradise’ in Chengdu

This paper examines the recent green turn in China by investigating a large-scale urban greenway project. Using the perspective of the socio-ecological fix, we demonstrate that multi-scalar states strive to upgrade environmental quality. Specifically, the local state seizes the opportunity for ‘ecological civilisation’ envisioned by the central state to carry out green infrastructure development. We reveal complex motivations to incorporate ecological changes into entrepreneurial urban governance instead of encroaching greenspace for economic growth. Our state-centred analysis reveals that such an environmental strategy, the making of Chinese green urbanism, is promoted like a political mission, despite its operation by the development corporation. We argue that, while the socio-ecological fix facilitates capital accumulation, its deployment must be understood through state politics and actors.     

Chile's Export Diversification since 1960: A Free Market Miracle or Mirage?

Conventional wisdom has proclaimed Chile's recent economic development a ‘free market miracle’. In an examination of Chile's export diversification experience, this article departs from that view. By analysing the dynamics underlying the emergence of the salmon, fruit, forestry and wine sectors in Chile's export basket since the 1960s, the study sheds light on the crucial role of industrial policy in the process of capability accumulation that shapes new industries. The article undertakes a qualitative historical analysis of the scope and nature of policy interventions in each of the four sectors and conducts a quantitative policy evaluation using the difference‐in‐difference method. It finds that public institutions are essential in overcoming market failures inhibiting the emergence of new industries. Specifically, it shows that the government has a key role to play as a catalyst of human capital accumulation, as a venture capitalist, in trade promotion, and in ensuring ‘national’ sector reputation through a strong regulatory and quality control role. By elaborating on the dynamic process of structural transformation and capability accumulation, this article contributes to theoretical debates on the role of vertical policies in the emergence of new competitive sectors, and debates relating to static versus dynamic approaches to comparative advantage.     

Biodiversity and Sectoral Responsibility in the Development of Swedish Forestry Policy, 1988–1993

In 1993 the Swedish parliament deregulated national forestry policy and established an environmental goal in parallel with the previous, long-standing goal of high wood production. This paper shows how the change occurred in the context of major changes in Swedish environmental policy during the late 1980s and early 1990s. Within a short time, new environmental legislation and the introduction of legal protection for small forest and agricultural habitats of high ecological value reoriented national forestry policy, away from an overriding focus on wood production to an increased awareness of nature conservation and biodiversity preservation. Reflecting a major compromise with the state, forest owners have gained greater freedom to manage their land, but must also improve environmental conditions while achieving high wood production, a policy known as ‘freedom under responsibility’. The paper explains how both the parliament and industry supported increased nature conservation and biodiversity to maintain forest health and support the forestry industry, by favouring responsible resource use and not simply protection from human influence.     

Commoditizing the safari and making space for conflict: Place,identity and parks in East Africa

Increased resource scarcity, the social construction of nature, the disintegration of moral economy and associated policy shifts are often cited as the main drivers of resource conflicts in East Africa. Research in geography, anthropology and rural sociology has unveiled how common explanations of resource conflicts overlook multi-scalar political, economic, social, cultural and environmental tensions. The purpose of this study is to provide more nuanced explanations of resource conflicts by incorporating three disparate but related threads of literature. Using literatures on the commodification of nature, multi-stranded notions of identity and geographical conceptualizations of ‘place’, I demonstrate how three transformational moments structure and propagate conflicts between herders and protected area managers around a national park in Kenya. I argue that the rise of a commoditized form of nature tourism coupled with idealized notions of ‘nature’ and ‘wilderness’ have altered the micro-geography of interaction between herders and protected area managers. These altered geographies of interaction have diluted the shared history and traditional relations of reciprocity, created new social milieux, and lead to the creation of binary identities among herders and protected area managers. The enforcement of these binary identities culminates in conflict.     

The Devil is in the (Bio)diversity: Private Sector “Engagement” and the Restructuring of Biodiversity Conservation

Abstract: Intensified relations between biodiversity conservation organizations and private‐sector actors are analyzed through a historical perspective that positions biodiversity conservation as an organized political project. Within this view the organizational dimensions of conservation exist as coordinated agreement and action among a variety of actors that take shape within radically asymmetrical power relations. This paper traces the privileged position of “business” in aligning concepts of sustainable development and ecological modernization within the emerging institutional context of the Convention on Biological Diversity and the Global Environment Facility in ways that help to secure continued access to “nature as capital”, and create the institutional conditions to shape the work of conservation organizations. The contemporary emergence of business as a major actor in shaping contemporary biodiversity conservation is explained in part by the organizational characteristics of modernist conservation that subordinates it to larger societal and political projects such as neoliberal capitalism.     

How real estate became ‘just another asset class’: the financialization of the investment strategies of Dutch institutional investors

The managers of a growing wall of money are continuously searching for investment opportunities. The financialization literature describes how this mobile capital puts pressure on commodities, debt, public services and economic activities to transform into investable, tradable, financial products. Regarding real estate, these investigations show how opaque, local, non-standardized goods, highly depending on both local legislation and developments, have been transformed into liquid, globally traded financial assets. By analysing the real estate investment strategies of Dutch institutional investors since the 1980s, this paper shows how a quantitative framework increasingly provides the basis for institutional investors’ real estate investment strategies. Direct ownership of properties has been exchanged into shares of properties, that is, fictitious capital, creating an impetus for ‘objectified numbers’ to measure the performance of these indirect investments. As knowledge about real estate has been outsourced, Dutch institutional investors now perceive real estate increasingly as ‘just another asset class’, thereby increasing leverage and volatility. This paper not only shows how finance ‘financialized’ itself by adopting a quantitative investment perspective, but it also offers an empirical account on how investment properties are transformed into financial assets that put pressure on state agencies to mobilize urban planning to deliver more of such assets.     

Recent Trends in the Internationalisation of the New Zealand Economy

Over the last decade, but particularly since 1984 when the fourth Labour Government came to power, New Zealand has become something of an experimental test bed for the implementation of monetarist ideas of political and economic management. A noticeable outcome of the policy regime recently put in place has been a dramatic ‘opening up’ of the economy as markets are deregulated, protection barriers lowered, and restrictions on movement of capital in and out of the country removed One consequence has been a quantitative and qualitative change in the internationalisation of the economy. This paper traces the nature and extent of this process, and speculates on some policy implications. Four key dimensions of the internationalisation process are surveyed: the expansion of New Zealand capital off-shore, increased levels of foreign investment in New Zealand, the impact of reductions in border protection, and closer economic relations between Australia and New Zealand.     

The contradictory logic of global ecosystem services markets

Commodification and transnational trading of ecosystem services is the most ambitious iteration yet of the strategy of ‘selling nature to save it’. The World Bank and UN agencies contend that global carbon markets can slow climate change while generating resources for development. Consonant with ‘inclusionary’ versions of neoliberal development policy, advocates assert that international payment for ecosystem services (PES) projects, financed by carbon-offset sales and biodiversity banking, can benefit the poor. However, the World Bank also warns that a focus on poverty reduction can undermine efficiency in conservation spending. The experience of ten years of PES illustrates how, in practice, market-efficiency criteria clash directly with poverty-reduction priorities. Nevertheless, the premises of market-based PES are being extrapolated as a model for global REDD programmes financed by carbon-offset trading. This article argues that the contradiction between development and conservation observed in PES is inevitable in projects framed by the asocial logic of neoclassical economics. Application in international conservation policy of the market model, in which profit incentives depend upon differential opportunity costs, will entail a net upward redistribution of wealth from poorer to wealthier classes and from rural regions to distant centres of capital accumulation, mainly in the global North.     

Selling surf and turf: throwntogetherness and real estate advertising on the suburbanising east Australian coastline

New residential development is transforming coastal places in Australia. This paper untangles perceptions of coastal change by analysing representations of nature and lifestyles in marketing new residential developments on the New South Wales (NSW) coastline. We focus specifically on master-planned estates (MPEs). In this context MPEs are primarily a consequence of housing affordability and supply dilemmas in capital cities. Their form and character is derided as ‘suburbanisation by the sea’: vandalism of ‘authentic’ coastal cultures. We draw on Massey’s theorisation of place as ‘event’ and a relational politics termed ‘throwntogetherness’ to understand the role of real estate advertising in blending coastal places and MPEs. Our insights are drawn from visits to 19 MPEs for sale on the NSW coast, and discourse analysis of 76 advertisements collected in situ (billboards, signs, banners and brochures). Advertising narratives for new MPEs both sustain and contradict the idea of coastal suburbanisation: portraying permanent settlement by young families as a culture shift and implicating ‘sea change’ configurations of coastal places to do so. This makes lifestyle expectations with coastal nature perplexing. In the throwntogetherness of contemporary coastlines, marked by landscape change and development pressures, real estate advertisements are pivotal in establishing, grounding and guiding change.     

The socionature that neo-extractivism can see: Practicing redistribution and compensation around large-scale mining in the Southern Ecuadorian Amazon

In this article I address the complex processes of transformation taking place due to industrial mineral extraction in the Ecuadorian Amazon through a focus on state and company led practices of redistribution, social investment and compensation. The analysis of three empirical examples related to the Mirador industrial mining project is viewed in relation to a more extensive assembling of a mining surface. I introduce the concept ‘surfacing’ to refer to discursive and material practices that state and corporate actors make use of to manage, facilitate and enact a redistributive economic policy, and at the same time produce value in and for the global capitalist market. A main argument is that these practices make certain socio-natural relations visible to the project of large-scale mining while obscuring affected peoples' ‘place-based life projects’. Restricted by neo-extractivist modes of recognition, of ‘seeing’ and ‘not-seeing’, indigenous Shuar, and mestizo livestock peasants, colonos, respond to mining intervention based on their differentiated engagements and trajectories with the Amazonian landscape and ecology. The paper is an intent to understand geosocial transformations and the differentiated practices of non-recognition while analyzing these responses.     

Financing the 450 Year Road: Land Expropriation and Politics ‘All the Way Down’ in Vientiane,Laos

Over the past decade, the Lao government has developed the policy of ‘Turning Land into Capital’ (TLIC), a strategy for generating revenue and economic value from ‘state land’. The 450 Year Road Project built along the periphery of the Laotian capital, Vientiane, linking the national highway with the Thai border, was financed using a TLIC model. Additional land to the side of the road was acquired to be resold at rates significantly higher than the compensation provided to landowners. Prior to construction, however, most of the land had already been purchased by external buyers, who impeded the project's development by refusing to concede their newly purchased plots. This article contributes to the literature on political reactions ‘from below’ to land grabbing by arguing that in order to understand the operational success or failure of land development projects, it is imperative to analyse the politics that pervade such investments ‘all the way down’ — the interrelated roles, interests and relations of involved actors and groups in all positions of power within society. The 450 Year Road project stalled due to its failure to take into account the interests and politics of seemingly compliant actors, particularly landowning farm households and speculative land buyers.     

Sharing What Can Be Sold: Women Haus Maket Vendors in Port Moresby's Settlements

Dominant narratives of the economy, as well as policy discourses in Papua New Guinea (PNG), tend to separate the ‘formal’ from the ‘informal’ economy. Concurrently, there is a development policy emphasis on women's economic empowerment. In urban areas this has meant a policy focus on larger market places as sites where women need support for economic engagement. Within these policy discourses, one activity in urban areas usually relegated to the ‘informal’ economy is small home‐based market stalls, referred to in this paper as haus maket. Located at homes or on nearby roads, haus maket are prolific and available to the public, and as such provide a similar function to public market places as spaces to make money. This paper considers these public yet intimate spaces as sites where vendors, usually women, embody and lead contestations between money and moral value spheres. At a time when the policy emphasis is on the formal economy and larger market places in PNG, why do such small market places persist? The first aim of this paper is to establish the role of haus maket as a site where spheres of value intersect. Rather than being ‘informal’ and peripheral, I seek to foreground its centrality to the economy but also as a site where economic and social moral values conflate. The second aim of the paper is to examine the role of sharing as a form of transaction in its own right distinct from exchange as a transaction between two actors. Haus maket stalls are sites of sharing and of moral action and value where forms of value in the settlement are shaped and negotiated.     

Social,economic and political dilemmas of reform in Yugoslavia

All of the communist party‐ruled states of Eastern Europe, from the elder brother of the ‘socialist family’, the Soviet Union, to non‐aligned, sui generis Yugoslavia, are in some degree of economic crisis. Gone are the once loudly trumpeted assurances that the socialist ‘economic formation’ by its very nature — its centrally planned and directed economy, its leadership by a communist party armed with the ‘scientific’ social and economic theory of Marxism‐Leninism and its foundation on the principles of proletarian social justice — excluded the possibility of economic ailments such as sluggish growth rates, inflation, social inequality and unemployment. It is now admitted that precisely these problems currently threaten virtually all communist systems. The principal issue for the political elites in these countries (with the perhaps temporary exception of relatively prosperous East Germany and Czechoslovakia and perennially contrary Romania) is not whether radical reform is necessary, but how to implement the requisite economic, social and quasi‐political reforms without undermining the foundations of ‘socialism’ and of the communist party's domination that they identify with it Yugoslavia is a valuable test case of the general project of reform in communist systems, since it consciously undertook to dismantle the of Stalinist system it had been establishing under Soviet tutelage at the end of World War II in response to Stalin's ostracism of Tito in June 1948. From its inception the Yugoslav reform process was informed by a commitment to return to the sources of Marxian social and economic theory in order to build an authentic socialist system untrammeled by the structures and immoral practices of Stalinist ‘etatism’. Worker self‐management, ‘market socialism’, the decentralisation of political and economic decision‐making, periodic rotation in office, and a number of other formally democratic, participatory socio‐political processes, most of which Gorbachev and his supporters have been discussing under the rubric of perestroika, glasnost’ and demokratizatsiia, have all been tried in one form or another in Yugoslavia during the past four decades.     

Putting the crisis to work: The real estate sector and London's housing crisis

The idea of ‘crisis’ plays an important role in academic and policy imaginations (Heslop and Ormerod, 2020), particularly since the global financial crisis. Across major western cities, at the same time as policy-makers have had to respond to ‘the (economic) crisis’, many have also experienced intense ‘housing crises’ and the acute divergence of average incomes and house prices. In response, cities such as London have become central sites in debates around housing acquisition by the ultra-wealthy, land value extraction and growing levels of unaffordability. However, much critical geography research on housing crises is state-centred or focused on civil society impacts, with relatively little reflection on the real estate sector and the work that crisis does as a narrative in shaping institutionalised and actor-centred practices. In this paper, we draw on in-depth research with developers, investors, and advisors in London to argue that crisis-driven policy responses have created political risk which is differentially experienced by actors across the sector, with large housebuilders and advisors benefitting whilst smaller niche developers move out. Moreover, we show how consultants, investors and developers have used the crisis situation to create new geographies, products and investor types in the housing market. These, in turn, require regulatory support and demonstrate the inherently political nature of crisis narratives' use. We use the London case to broaden understandings of the impact that conceptualisations of ‘crisis’ have on urban and regional planning practices, and how these influence and shape processes of contemporary urban development.