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100 _aBillon, Philippe Le
_955221
245 _aDisaster Financialization:
_b Earthquakes, Cashflows and Shifting Household Economies in Nepal /
260 _bJohn Wiley,
_c2020.
300 _aVol. 51, issue 4, 2020 : (939-969 p.).
520 _aThe political economy literature on post-disaster reconstruction tends to contrast ‘disaster capitalism’ narratives denouncing the predatory character of neoliberal rebuilding, and ‘building back better’ policies supporting market-driven reconstruction. This article seeks to provide a more nuanced account, developing the concept of ‘disaster financialization’ through a case study of household-level changes experienced through processes of post-earthquake reconstruction in Nepal. The concept of disaster financialization describes not only the integration of disaster-affected households into the cash-based logic of reconstruction instituted by donors and government authorities, but also the financialization of their lives, social relations and subjectivities. It is a transitive process involving a shift into financialized mechanisms of disaster prevention, adaptation and recovery. Analysing contrasting experiences across three earthquake-affected districts in Nepal, this study proposes disaster financialization as an integrative term through which to understand the simultaneous acceleration of monetization, the leveraging of cash incentives by donors and government to ‘build back better’, and the flurry of financial transactions associated with reconstruction processes. While some aspects of disaster financialization have had negative social impacts, such as debt-related anxieties and a breakdown of voluntary labour exchanges hurting the most vulnerable, the process has taken on variegated forms, with equally variegated effects, reflecting household characteristics and interactions with financial institutions.
700 _aSuji, Manoj
_955222
700 _aBaniya, Jeevan
_955223
700 _aLimbu, Bina
_955224
700 _aPaudel, Dinesh
_955225
700 _aRankin, Katharine
_955226
700 _aRawal, Nabin
_955227
700 _aShneiderman, Sara
_955228
773 0 _08737
_916865
_dWest Sussex John Wiley & Sons Ltd. 1970
_tDevelopment and change
_x0012-155X
856 _u https://doi.org/10.1111/dech.12603
942 _2ddc
_cART
999 _c13621
_d13621