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.     

Becoming ‘enchanted’ in agro-food spaces: engaging relational frameworks and photo elicitation with farm tour experiences

Abstract

Ecofeminists maintain that seemingly diverse and naturalized socio-ecological issues are in fact rooted within a particular cultural framework that perpetuates inequality and severs relationships among human and more-than-human communities. This important yet perhaps abstract understanding can be made tangible via examination of the ‘conventional’ food system, in which human and more-than-human communities are simultaneously otherized, marginalized, and exploited, realities largely hidden in a global industrial food system that disconnects production from consumption and obscures embedded relationships. Yet as consumer awareness rises, more people wish to know and move closer to the sources of their food, fueling community-based agro-food alternatives. When endowed with an ethic of care, such alternatives can be transformative for individuals and communities across scales.

This article situates conventional and alternative agro-food systems within relational frameworks of ecofeminism and care ethics and uses participant-driven photo elicitation (PDPE) to engage with experiences of consumers participating in a community farm tour. Findings suggest that such ‘enchanting’ experiences can begin to (re)embed food ‘products’ within contexts of place, people, and process, contributing to a relational consciousness that is central to an ethic of care. Findings also illustrate that PDPE can serve as a valuable window into experiences of reconnection, particularly useful for feminist researchers interested in learning more about enchantment and the transformational potential it holds.     

San Juan,the Fragile City: Finance Capital,Class, and the Making of Puerto Rico's Economic Crisis

This paper narrates Puerto Rico's fiscal and financial crisis through a reading of San Juan's urban landscape. We underscore the role of capital in the city, primarily embodied by the local capitalist class (the Criollo bloc) and foreign capitalists. Historically excluded from the manufacturing sector (dominated by US capitalists), the Criollo bloc accumulates its wealth by concentrating financial assets in the city. In times of crisis, the Criollo bloc resorts to the acquisition of new assets and asset exchange with foreign capitalists to remain solvent and provide short‐term solutions to the state's fiscal and financial limits. The survival of the local capitalist class, we demonstrate, is dependent on asset stripping. Drawing on Clyde Woods, we document how asset stripping unevenly redistributes wealth and risks along class and racial lines within a colonial economy. The finance capital/asset stripping basis of San Juan's economy renders it an extremely fragile city, we contend.     

Hierarchies of trade in Yiwu and Dushanbe: The case of an Uzbek merchant family from Tajikistan

ABSTRACT

This article focuses on the trading trajectory of an Uzbek family of merchants from Tajikistan. This family runs businesses in both Tajikistan’s capital, Dushanbe, and China’s famous international trading city: Yiwu. The analysis is centred on the accounts placed by Tajikistan’s Uzbek merchants about their historically sustained experience, often across several generations, in trading activities. These merchants’ claims of belonging to a ‘historical’ trading community rather than being ‘newcomers’ to long-distance commerce are articulated in relation to notions of ‘hierarchies of trade’ as they evolve in a twofold relational model linking Yiwu’s Changchun neighbourhood and Dushanbe. I suggest that the forms of conviviality enacted in Yiwu’s Changchun neighbourhood need to be understood in terms of the historical, multinational and transregional contacts that have occurred within the spaces of the former Soviet Union, as well as along the China-Russia and China-Central Asian borders. Equally, the hierarchies of trade of Uzbek merchants from Tajikistan in Yiwu’s Changchun neighbourhood cut-across markers of identity that juxtapose the roles of Tajik and Uzbek communities in Tajikistan’s contemporary politics and economics.     

Modeling the state of agritourism in the Malopolska region of Poland

ABSTRACT

The Malopolska region of Poland is highly representative of the current state of agritourism in Poland. The level of agritourism services in this region is very high relative to the national average, the result of environmental and cultural values being incorporated into social and economic development practices. Based on evidence from 1259 agritourism-oriented farms collected from municipal and regional government bureaus, web-published data, and survey data from 575 farm owners in the Malopolska, this paper analyzes the spatial distribution of such farms and the relationship between agritourism and ‘regular’ rural tourism. The Malopolska Voivodeship is strongly diversified in terms of agritourism development. The largest number of agritourism farms is in mountain, piedmont, and upland areas. Research has shown that agritourism is pursued by farmers who own small farms and produce food only for their own use. However, 60% of agritourism farms were found not to engage in any agricultural production. The research also identified basic tendencies of agritourism development in the region. The following basic trends were observed – a shift from agritourism to rural tourism, an increase in the number of agritourist farms offering 10 or more beds, and an expanded service offering – yielding a targeted offering for a specific customer and an increase in the quality of services. This indicates that agritourism owners engaging in this form of business are investing to create more usable space for tourists. The authors’ findings and conclusions also cover the concept of a functional model of agritourism in the Malopolska region. This model shows the relationship between environmental value and the nature of agricultural production and type of tourism in rural areas as well as the diversity of tourist offerings. The model also shows the transition from agriculture and its close relative, agritourism, to regular tourism in rural areas.     

Counting them in,not out: Surveying Farm Women about Agricultural Leadership

This paper examines the efficacy of the survey method to investigate questions relating to women and agricultural leadership. I begin by reviewing the feminist critique of the survey using examples from the literature on farming women. I then describe two particular difficulties I encountered in surveying farm women about agricultural leadership in the Australian sugar industry. The first difficulty is the problem of constructing a sample of farm women using official data sources that is representative of the diversity of women in agriculture. The second difficulty is the impact that gendered agricultural identities may have on survey completion rates. The paper argues that, if we are to count farming women ‘in’, rather than ‘out’ when studying agricultural politics, we need to engage with methods which will be inclusive of the diversity of women in farming and which will also give consideration to the construction of gendered identities in agriculture.     

论中国朝野对新银行团的回应

1920年10月,美国倡议组成了新银行团。新银行团正式成立后长期无所作为,并逐步表现出更为明显的垄断性,中国朝野期望值逐渐降低,对其所体现的强权政治色彩愈益有了清醒的认识。中国民族主义的目标更加集中于政治层面,废除不平等条约的要求取代了关于铁路外债利弊的讨论。     

Financialization of hotel corporations in Spain

One of the cutting-edge topics being currently debated in social sciences is the impact of financialization on corporations and on different geographical contexts. Surprisingly enough, there have been very few studies that have explicitly dealt with this issue within tourism studies. In this paper, the issue of financialization within tourism is addressed through an analysis of hotel corporations. Taking a case-study approach, it is argued that Spanish hotel chains are increasingly becoming financialized since a minimization of the impact of global financial crisis on these corporations is urgently required. The argument is not that hotel corporations’ financialization is necessarily new, but rather that the impact of the global financial crisis has led to an intensification of this very process. Taking as case studies the three largest Spanish hotel corporations (Meliá Hotels International, NH Hoteles and Grupo Barceló), the current crisis-led hotel financialization is dealt through four interrelated spheres: (1) built environment (hotel buildings property becoming controlled by financial funds), (2) actors (emergence of new agents as a result of hotel corporations intertwining with financial corporations), (3) hotel profit extraction (reliance on the secondary circuit of capital), (4) financial engineering instruments (forms of fictitious capital that are new in the context of hotel corporations). The article shows how the process of financialization of hotel corporations illustrates broad trends of both financialization and capital accumulation. Specifically, the main findings are on one hand, that financialization not only fixes capital on the ground, but also creates liquidity. On the other hand, that the selling of property titles is an increasing profit niche with differentiated geographical locations. The last significant finding is that financialization helps to improve profitability of non-financia corporations such as hotel chains.     

难民认同：基于苦难历史记忆、政策及现实利益的想象——以广东省小岭华侨农场越南归侨为例

本文选择小岭华侨农场越南归侨为研究对象,运用田野调查和历史档案资料,阐释了在特殊迁移经历、政府倾斜性扶持政策及现实利益等因素的影响下,华侨农场越南归侨实现和巩固了对难民身份的想象与认同。     

Bringing the ‘invisible farmer’ into sharper focus: gender relations and agricultural practices in the Peak District (UK)

Women's farm work and the gendered nature of the farm space and farm practices have been important intersecting themes within feminist enquiry over the last 30 years. Much research has tended to underplay the wider evolution of these gender relations – leaving under-explored the longer-term formation and contestation of the gendered activities, spaces and identities observed in the present. This article draws on research on 64 farms in the Peak District (UK) to take a wider temporal view of farm gender relations. Utilising a farm life history approach the article considers three key moments within farming histories to explore the active role(s) played by women in shaping farms and farming practices. In doing so the article adds complexity and nuance to understandings of both processes, such as the ‘masculinisation’ of agriculture, and to the gendered geographies of the farm space.