Middlemen and Moneylending

Relations of Exchange in a Highland Philippine Economy

Datos Bibliográficos

ID2960293
AutoresSusan D Russell (autor de correspondencia)
Año1987
Volumen43
Número2
Páginas139-161
Fecha de publicación1987-07-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaJournal of Anthropological Research (JOURNAL)
Identificadores de la revistaISSN: 0091-7710 • E-ISSN: 2153-3806
EditorialUniversity of Chicago Press (PUBLISHER • US)
DOI10.1086/jar.43.2.3630222
OpenAlexW2335155879
IdiomaEN
Citas recibidas14
Referencias citadas26

Conventional views of bilateral trade agreements are based on rational decision-making models that stress how personalized modes of exchange are mutually beneficial responses to problems of risk and uncertainty. Most analyses are of public markets where exchange partners freely choose to maintain long-term relationships. It is argued here that much of this literature is unsatisfactory in rural contexts when land and credit transactions are interlinked with marketing functions. This paper examines the extensive bilateral trade agreements between wholesalers, middlemen, and producers in the highland vegetable trade in northern Luzon. In Madaymen, Benguet, unequal access to the means of exchange maintains the pervasiveness of these agreements, and social relations contribute to the dependency of producers on local middlemen. Personalized trade relations in Benguet enhance the external control of production and distribution networks, in contrast to the more competitive way they operate in public marketplaces

Business · Control (management) · Dependency (UML) · Distribution (mathematics) · Economics · Economy · Foreign exchange · Information exchange · Microeconomics · Monetary economics · Production (economics) · Engineering · Global trade and economics