Green extractivism and financialisation in Mozambique: the case of Gilé National Reserve

IF 1.4 3区社会学 Q1 AREA STUDIES

Review of African Political Economy Pub Date : 2022-01-02 DOI:10.1080/03056244.2022.2049129

Natacha Bruna

{"title":"Green extractivism and financialisation in Mozambique: the case of Gilé National Reserve","authors":"Natacha Bruna","doi":"10.1080/03056244.2022.2049129","DOIUrl":null,"url":null,"abstract":"ABSTRACT With the global environmental crisis intensifying, capitalism has extended the reach of financialisation through the creation of new financial assets that rely on further commodification of nature. Using the case of a national reserve in Mozambique, the paper examines the emergence of green extractivism as a consequence of deepening financialisation, an extractivism which is building on pre-existing relations of unequal and asymmetric exchange between industrialised and extractive economies. The article focuses on the linkages between financialisation and extractivism and nature-based financial mechanisms, whose operationalisation impacts on rural social reproduction. It is argued that the emergence of green extractivism, supported by green funds and loans, is intensifying the extractive character of the Mozambican economy. The case study shows, that with the support of philanthrocapitalism, the process of financialisation led by mature economies supports the appropriation of nature through green extractivist programmes in the periphery, with adverse implications for development and for rural subsistence.","PeriodicalId":47526,"journal":{"name":"Review of African Political Economy","volume":"49 1","pages":"138 - 160"},"PeriodicalIF":1.4000,"publicationDate":"2022-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"7","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Review of African Political Economy","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1080/03056244.2022.2049129","RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"AREA STUDIES","Score":null,"Total":0}

引用次数: 7

Abstract

ABSTRACT With the global environmental crisis intensifying, capitalism has extended the reach of financialisation through the creation of new financial assets that rely on further commodification of nature. Using the case of a national reserve in Mozambique, the paper examines the emergence of green extractivism as a consequence of deepening financialisation, an extractivism which is building on pre-existing relations of unequal and asymmetric exchange between industrialised and extractive economies. The article focuses on the linkages between financialisation and extractivism and nature-based financial mechanisms, whose operationalisation impacts on rural social reproduction. It is argued that the emergence of green extractivism, supported by green funds and loans, is intensifying the extractive character of the Mozambican economy. The case study shows, that with the support of philanthrocapitalism, the process of financialisation led by mature economies supports the appropriation of nature through green extractivist programmes in the periphery, with adverse implications for development and for rural subsistence.

查看原文本刊更多论文

莫桑比克的绿色采掘和金融化:以吉尔吉尔国家保护区为例

随着全球环境危机的加剧，资本主义通过创造依赖于自然进一步商品化的新金融资产，扩大了金融化的范围。本文以莫桑比克的国家保护区为例，考察了绿色采掘主义作为深化金融化的结果的出现，这种采掘主义是建立在工业化经济和采掘经济之间不平等和不对称交换的现有关系之上的。本文重点讨论了金融化和采掘主义与基于自然的金融机制之间的联系，其运作对农村社会再生产的影响。有人认为，在绿色基金和贷款的支持下，绿色采掘主义的出现正在加强莫桑比克经济的采掘特征。案例研究表明，在慈善资本主义的支持下，由成熟经济体主导的金融化过程支持通过外围的绿色采掘者计划占用自然，对发展和农村生存产生不利影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Review of African Political Economy Multiple-

CiteScore

3.00

自引率

7.70%

发文量

期刊介绍： The Review of African Political Economy (ROAPE) is a refereed journal committed to encouraging high quality research and fostering excellence in the understanding of African political economy. Published quarterly by Routledge, Taylor & Francis Group for the ROAPE international collective it has since 1974 provided radical analysis of trends and issues in Africa. It has paid particular attention to the political economy of inequality, exploitation and oppression, whether driven by global forces or local ones (such as class, race, community and gender), and to materialist interpretations of change in Africa. It has sustained a critical analysis of the nature of power and the state in Africa.