Financial Inclusion or Subordination? The Monetary Politics of Debt in Cambodia

Financial inclusion is a leading driver of household debt across the global South. Although critical geographers have analysed this debt through the lens of financialisation, few have examined it in terms of monetary politics. This is a salient issue, because poorer nations often have limited control over their monetary policy due to their dependence on foreign currencies, which can adversely affect the structure of their financial markets. Building on the concept of monetary dependency from scholarship on financial subordination, I analyse the monetary politics of debt in Cambodia. Drawing on elite interviews and ethnographic research, I argue that Cambodia's extreme monetary dependence on the US dollar has shaped monetary and fiscal policies that compel poorer households to take on private debt to pay for their basic needs. This paper advances critical geographies of debt and development by studying financial subordination and its impact on financial inclusion in the global South.     

PIECING TOGETHER THE STORY OF A PAIR OF MAKRON’S FRAGMENTED CUPS

In 2022, an Athenian red-figured cup attributed to Makron was returned to Italy by New York’s Metropolitan Museum of Art. The cup had been acquired in fragments, through purchase and gift, from multiple sources over several years, starting with two fragments from the restorer Fritz Bürki in 1978. A second cup, also attributed to Makron, was acquired in a parallel way. The sources for the fragments from both cups point to galleries collectors and donors – Summa Galleries, Frieda Tchachos, Elizabeth Hecht, and Dietrich von Bothmer – who have been associated with other material that has been repatriated to Italy in recent years. It is suggested that some of the incised ‘signatures’ by Hieron that are found on cups attributed to Makron may have been applied since antiquity.     

REVIEW

The Empty Place: Poetry, Space and Being Among the Foi of Papua New Guinea. By James F. Weiner. Bloomington: Indiana University Press. 1991. Pp. 218. Price $US14.95.     

Technology Transfer and Public Policy

This article uses events occurring between 1989 and 1994 at the University of California (UC) as a case study to illustrate the consequences to the university of the collision between two powerful public policy agendas for the university: (a) that it maintain its traditional independence, carrying out its roles of teaching and research untainted by the lures and demands of the marketplace, and (b) that it become more active in economic development activities, including the development and sale of its intellectual property and the establishment of companies to exploit university research. The unsuccessful attempts over these five years by the UC to establish a separate nonprofit foundation to manage its considerable portfolio of intellectual property and to form a for-profit company to fund development and start-up efforts have been plagued with controversy. UC's story offers parallels with the experiences of other universities and illustrates an emerging pattern in the responses of higher education to the new pressures on them to be more economically relevant. The lessons from the UC case are valuable for other universities and for policymakers involved in technology transfer activities.     

The prehistory of Cyprus: Problems and prospects

The archaeological record of prehistoric Cyprus is rich, diverse, well-published, and frequently enigmatic. Regarded by many as a bridge between western Asia and the Aegean, Cyprus and its past are frequently seen from scholarly perspectives prevalent in one of those two cultural areas. Its material culture, however, differs radically from that of either area. Apart from the early colonization episodes on the island (perhaps three during the pre-Neolithic and Neolithic), evidence of foreign contact remains limited until the Bronze Age (post-2500 B. C.). This study seeks to present the prehistory of Cyprus from an indigenous perspective, and to examine a series of archaeological problems that foreground Cyprus within its eastern Mediterranean context. The study begins with an overview of time, place, and the nature of fieldwork on the island, continues with a presentation and discussion of several significant issues in Cypriot prehistory (e.g., insularity, colonization, subsistence, regionalism, interaction, social complexity, economic diversity), and concludes with a brief discussion of prospects for the archaeology of Cyprus up to and beyond 2000.     

An eighth century hoard from Eastern Saudi Arabia

Editor's note. The article published here was completed on October 22, 1966. Although never published before, copies have long been on file in both the Dept. of Coins and Medals in the British Museum, and at the American Numismatic Society. The basic content of the hoard was reported on in Coin Hoards 1 (1975). In 1986, Robert W. Morris revised the text of his paper and sent me a copy. After the founding of Arabian Archaeology and Epigraphy , I asked him whether he would like to publish the paper, a suggestion to which he responded enthusiastically. On August 25, 1990, just ten days after I sent him a letter about my plans for preparing his text for publication, Robert W. Morris died from complications of myeloma. An avid amateur numismatist for many years, Morris was interested in the pre-Islamic and Islamic coinage of northeastern Arabia (where he had lived and worked for Aramco) right up until his death. It is hoped that, while there may be certain details in the paper which professional numismatists might wish to correct, the body of material presented here will be of interest to a wide audience of scholars concerned with the late pre-Islamic and early Islamic periods in eastern Arabia.     

CHEMICAL ANALYSIS OF COPPER ALLOY TRADE METAL FROM A POST-CONTACT HURON SITE IN ONTARIO,CANADA

Fifty-three copper-based metal fragments, recovered from the Robitaille site in southcentral Ontario, were analysed by neutron activation to establish their chemical make-up and to sort them by their trace elemental chemistries. Three different European copper samples, one brassy copper and 48 brass samples with five different chemistries were found. As few as eight trading actions may account for all of the recovered European metal fragments.