{"title":"Beyond the spatial fix: towards a finance-sensitive reading of the Belt and Road in Serbia.","authors":"Imogen Taotao Liu","doi":"10.1080/23792949.2023.2200546","DOIUrl":null,"url":null,"abstract":"<p><p>The Belt and Road Initiative (BRI) has been theorised as a spatial fix to China's overaccumulation problem, and as such, an implicitly productivist endeavour. This article opens up conceptual space to consider how historically and geographically mediated forms of financialisation have tempered the unfolding of the BRI in peripheral economies. Drawing on the Serbian post-socialist transition context, financialisation has been characterised by underinvestment and a persistent dependency on foreign, market-based capital inflows which have (1) precipitated state transformations to mobilise Chinese financing for BRI projects, strengthening the role of the state in industrial rejuvenation; and (2) created an institutional palimpsest conducive to non-productive forms of surplus value appropriation that demonstrates the hybridity of accumulation imperatives underlying the BRI.</p>","PeriodicalId":1,"journal":{"name":"Accounts of Chemical Research","volume":" ","pages":"343-364"},"PeriodicalIF":17.7000,"publicationDate":"2023-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC11363862/pdf/","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounts of Chemical Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/23792949.2023.2200546","RegionNum":1,"RegionCategory":"化学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2024/1/1 0:00:00","PubModel":"eCollection","JCR":"Q1","JCRName":"CHEMISTRY, MULTIDISCIPLINARY","Score":null,"Total":0}
引用次数: 0
Abstract
The Belt and Road Initiative (BRI) has been theorised as a spatial fix to China's overaccumulation problem, and as such, an implicitly productivist endeavour. This article opens up conceptual space to consider how historically and geographically mediated forms of financialisation have tempered the unfolding of the BRI in peripheral economies. Drawing on the Serbian post-socialist transition context, financialisation has been characterised by underinvestment and a persistent dependency on foreign, market-based capital inflows which have (1) precipitated state transformations to mobilise Chinese financing for BRI projects, strengthening the role of the state in industrial rejuvenation; and (2) created an institutional palimpsest conducive to non-productive forms of surplus value appropriation that demonstrates the hybridity of accumulation imperatives underlying the BRI.
期刊介绍：
Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance.
Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.
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