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About this book
In this unprecedented account of the dynamics of Nigeria's pharmaceutical markets, Kristin Peterson connects multinational drug company policies, oil concerns, Nigerian political and economic transitions, the circulation of pharmaceuticals in the Global South, Wall Street machinations, and the needs and aspirations of individual Nigerians. Studying the pharmaceutical market in Lagos, Nigeria, she places local market social norms and credit and pricing practices in the broader context of regional, transnational, and global financial capital. Peterson explains how a significant and formerly profitable African pharmaceutical market collapsed in the face of U.S. monetary policies and neoliberal economic reforms, and she illuminates the relation between that collapse and the American turn to speculative capital during the 1980s. In the process, she reveals the mutual constitution of financial speculation in the drug industry and the structural adjustment plans that the IMF imposed on African nations. Her book is a sobering ethnographic analysis of the effects of speculation and "development" as they reverberate across markets and continents, and play out in everyday interpersonal transactions of the Lagos pharmaceutical market.
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Yes, you can access Speculative Markets by Kristin Peterson in PDF and/or ePUB format, as well as other popular books in Social Sciences & African History. We have over one million books available in our catalogue for you to explore.
Information
Publisher
Duke University Press BooksYear
2014Print ISBN
9780822357025, 9780822356936eBook ISBN
9780822376477Table of contents
- Contents
- Preface
- Acknowledgments
- Introduction. Chemical Multitudes: Fake Drugs and Pharmaceutical Regulation in Nigeria
- 01. Idumota: Pharmacists, Traders, and the New Free Market
- 02. Risky Populations: Drug Industry Divestment and Militarized Austerity
- 03. Regulation as a Problem of Discernment: Open Markets in the Making
- 04. Derivative Life: Nominalization and the Logic of the Hustle
- 05. Chemical Arbitrage: A Social Life of Bioequivalence
- 06. Marketing Indefinite Monopolies: Intellectual Property, Debt, and Drug Geopolitics
- Conclusion. Old Specters, New Dreams
- Notes
- Bibliography
- Index