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 -