Market Threads How Cotton Farmers And Traders Create A Global Commodity
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Market Threads
Author: Koray Çalişkan
language: en
Publisher: Princeton University Press
Release Date: 2010-08-16
What is a global market? How does it work? At a time when new crises in world markets cannot be satisfactorily resolved through old ideas, Market Threads presents a detailed analysis of the international cotton trade and argues for a novel and groundbreaking understanding of global markets. The book examines the arrangements, institutions, and power relations on which cotton trading and production depend, and provides an alternative approach to the analysis of pricing mechanisms. Drawing upon research from such diverse places as the New York Board of Trade and the Turkish and Egyptian countrysides, the book explores how market agents from peasants to global merchants negotiate, accept, reject, resist, reproduce, understand, and misunderstand a global market. The book demonstrates that policymakers and researchers must focus on the specific practices of market maintenance in order to know how they operate. Markets do not simply emerge as a relationship among self-interested buyers and sellers, governed by appropriate economic institutions. Nor are they just social networks embedded in wider economic social structures. Rather, global markets are maintained through daily interventions, the production of prosthetic prices, and the waging of struggles among those who produce and exchange commodities. The book illustrates the crucial consequences that these ideas have on economic reform projects and market studies. Spanning a variety of disciplines, Market Threads offers an original look at the world commodity trade and revises prevailing explanations for how markets work.
Cotton
Whether we are out on the streets or between the sheets, cotton is our constant companion. But behind this ubiquitous fibre prized for its softness lies a darker story of exploitation and hardship. In this penetrating analysis, Adam Sneyd explores the power politics that envelop cotton as major corporate players and countries across Africa, Asia and the Americas compete to control it. In the aftermath of sweatshop scandal exposés and factory collapse disasters, merchants and retailers have called for better cotton farming practices. But in seeking to prevent the next transnational media circus, will companies simply end up cementing business-as-usual? Corporate public relations strategy now competes directly with the voices of an alternative global community that seeks to fundamentally transform the way that cotton is farmed. Yet these demands for cotton to work better for people and the planet have flown under the radar as media attention has focused instead on farmer subsidies and prices. From the local to the global, this book takes the reader on an illuminating journey through the multifaceted and often grubby politics of the fluffy white stuff in the world economy. The pile of political laundry it uncovers is voluminous but, as Sneyd argues, must be aired in the interests of sustainability and development.
Making Markets Making Place
This book examines place and place-making in London’s Borough Market. In particular, it uses topo/graphy (‘place-writing) to interrogate the ways in which Borough Market’s material, social-sensual and discursive relations assemble to reproduce Borough Market as a place, market and marketplace. Its central premise is that market-processes – the negotiation and exchange of commodities –are place-processes. This means that the often-abstract relationships that ultimately define what we think of as the economy are embedded in the rich and every materiality, sociality, sensuality and meanings associated with place. By tracing out these different elements, topo/graphy illustrates the ways in which economic reproduction is grounded in particular and often discrete practices. However, by assembling them together, this highlights the ways in which place and place-making are the driving force behind the economy at large.