Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 556473
Title Hot money, cold beer: Navigating the vanilla and rosewood export economies in northeastern Madagascar
Author(s) Zhu, Annah
Source American Ethnologist 45 (2018)2. - ISSN 0094-0496 - p. 253 - 267.
DOI https://doi.org/10.1111/amet.12636
Publication type Refereed Article in a scientific journal
Publication year 2018
Abstract

Since 2000 northeastern Madagascar's subsistence-based communities have registered record profits thanks to a boom in vanilla and rosewood exports. Yet, rather than saving or investing these returns, much of the local earnings were spent in “hot money” sprees on cold beer, gambling, and other forms of immediate consumption. Far from being illogical or unproductive, hot-money spending and other practices associated with export economies help local communities navigate the volatility of global markets and domesticate foreign demands. Although these tactics come from the margins of global capitalism, they represent an acute cultural expression of some of the most sophisticated dynamics found at its core. [export economies, money, tactics, globalization, consumption, vanilla, rosewood, Madagascar].

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