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Beyond the spatial fix

Towards a finance-sensitive reading of the Belt and Road in Serbia

Bibliographic Data

ID13103917
AuthorsImogen T Liu (0000-0002-1627-9849, Vrije Universiteit Amsterdam, corresponding author)
Year2023
Volume9
Issue3
Pages343-364
Publication date2023-05-24
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueArea Development and Policy (JOURNAL)
Journal identifiersISSN: 2379-2949 • E-ISSN: 2379-2957
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/23792949.2023.2200546
PMID39219643
OpenAlexW4378071857
LanguageEN
Citations received8
References cited72

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

Business · Political science · Reading (process · Housing, Finance, and Neoliberalism · Law · State Capitalism and Financial Governance · Urban and Rural Development Challenges · Finance

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Unique citing works8
Citations per year4
Citation span2024 - 2025 (2)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 8

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