Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Die (Semi-)Peripherie ins Zentrum ruecken
T2 - Zur kulturellen Politischen Oekonomie der BRIC-Staaten
AU - Sum, Ngai-Ling
PY - 2010
Y1 - 2010
N2 - A cultural political economy (CPE) approach is adopted to examine the rise of discourses about the BRIC (Brazil, Russia, India and China) economies and about their implications for power shifts in the world system. Forces such as international investment banks, economic strategists, international organizations, national governments, business media, etc. contributed in constructing and circulating ‘BRIC’ as a new economic imaginary and investment form. These involved constructions of ‘hope’ and ‘strength’ over three overlapping stages: an investor story, an investor-consumer story, and now an investor-consumer-lender story. This amalgam of discourses and practices (which are subject to continuing renegotiation in response to changing circumstances and further shifts in the balance of forces) has facilitated the gradual sedimentation and naturalization of BRIC as a potential ‘group’ and has mediated particular power shifts in the global political economy. Specifically,this (trans-)national privileging and popularization of ‘BRIC’ is contributing to the (re-)making of investment patterns and neoliberal social relations.
AB - A cultural political economy (CPE) approach is adopted to examine the rise of discourses about the BRIC (Brazil, Russia, India and China) economies and about their implications for power shifts in the world system. Forces such as international investment banks, economic strategists, international organizations, national governments, business media, etc. contributed in constructing and circulating ‘BRIC’ as a new economic imaginary and investment form. These involved constructions of ‘hope’ and ‘strength’ over three overlapping stages: an investor story, an investor-consumer story, and now an investor-consumer-lender story. This amalgam of discourses and practices (which are subject to continuing renegotiation in response to changing circumstances and further shifts in the balance of forces) has facilitated the gradual sedimentation and naturalization of BRIC as a potential ‘group’ and has mediated particular power shifts in the global political economy. Specifically,this (trans-)national privileging and popularization of ‘BRIC’ is contributing to the (re-)making of investment patterns and neoliberal social relations.
KW - BRIC
KW - semi-periphery
KW - cultural political economy
KW - China
KW - Gramsci
KW - Foucault
M3 - Journal article
SP - 543
EP - 566
JO - Prokla
JF - Prokla
SN - 0342-8176
IS - 161
ER -