Taking Part: The Social Experience of Informal Finance in Ordos, Inner Mongolia

    Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

    11 Citationer (Scopus)
    280 Downloads (Pure)

    Abstrakt

    This article examines how a resource bonanza in Ordos Municipality, Inner Mongolia Autonomous Region, in the 2000s translated into broad-based participation in informal lending networks and drove a remarkable, but short-lived, phase of urban expansion and private wealth accumulation. Local lending networks inflated enormous credit and property bubbles, which ultimately burst in 2011 with severe ramifications for Ordos's urban expansion and households' livelihoods. Based on fifteen months of ethnographic fieldwork in Ordos, the analysis advances the idea of “taking part” to explore the interconnected desires to participate in urban expansion and to seize for oneself a portion of the local bonanzas in natural resources, property, and finance. The socio-spatial impacts of the financialization of the everyday environment are discussed in relation to urban transformation, the production of a “ghost town,” and local authorities' opportunistic forms of deregulation. These were vital ingredients in Ordos's spectacular passage from boom to bust.
    OriginalsprogEngelsk
    TidsskriftJournal of Asian Studies
    Vol/bind75
    Udgave nummer3
    Sider (fra-til)649-672
    ISSN0021-9118
    DOI
    StatusUdgivet - 2016

    Fingeraftryk

    Dyk ned i forskningsemnerne om 'Taking Part: The Social Experience of Informal Finance in Ordos, Inner Mongolia'. Sammen danner de et unikt fingeraftryk.

    Citationsformater