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- DescriptionIn this unprecedented account of the dynamics of Nigeria's pharmaceutical markets, Kristin Peterson connects multinational drug company policies, oil concerns, Nigerian political and ecomic 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 rms 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 ecomic 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 ethgraphic 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.
- Author BiographyKristin Peterson is Associate Professor of Anthropology at the University of California, Irvine.
- Author(s)Kristin Peterson
- PublisherDuke University Press
- Date of Publication18/08/2014
- SubjectIndustrial Studies: General
- Series TitleExperimental Futures
- Place of PublicationNorth Carolina
- Country of PublicationUnited States
- ImprintDuke University Press
- Content Note8 illustrations
- Weight472 g
- Width152 mm
- Height229 mm
- Spine20 mm
- Format DetailsCloth over boards
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