IDEAS home Printed from https://ideas.repec.org/a/eee/wdevel/v36y2008i11p2489-2511.html
   My bibliography  Save this article

Selective Spatial Closure and Local Economic Development: What Do We Learn from the Argentine Local Currency Systems?

Author

Listed:
  • Gomez, Georgina M.
  • Helmsing, A.H.J.

Abstract

Summary This paper discusses local currency systems as an instrument of selective spatial closure to mitigate impacts of externally induced changes and to promote endogenous local economic development. Drawing on data collected in Argentina, it was found that local currency systems provided relatively protected economic spaces, thus enabling poor households--and especially women--to launch micro-enterprises and diversify income sources. They also supported existing enterprises by offering an emergency market outlet and, when combined with other measures, by building local trading and production networks. Following recent theory on local economic development, the Argentine case represents an example of local economic regeneration.

Suggested Citation

  • Gomez, Georgina M. & Helmsing, A.H.J., 2008. "Selective Spatial Closure and Local Economic Development: What Do We Learn from the Argentine Local Currency Systems?," World Development, Elsevier, vol. 36(11), pages 2489-2511, November.
  • Handle: RePEc:eee:wdevel:v:36:y:2008:i:11:p:2489-2511
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0305-750X(08)00179-4
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Rabellotti, Roberta, 1999. "Recovery of a Mexican Cluster: Devaluation Bonanza or Collective Efficiency?," World Development, Elsevier, vol. 27(9), pages 1571-1585, September.
    2. Paul Lawless, 2001. "Community economic development in urban and regional regeneration: unfolding potential or justifiable scepticism?," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 19(1), pages 135-155, February.
    3. Rabellotti, Roberta, 1995. "Is there an "industrial district model"? Footwear districts in Italy and Mexico compared," World Development, Elsevier, vol. 23(1), pages 29-41, January.
    4. Gordon MacLeod, 2001. "Beyond soft institutionalism: accumulation, regulation, and their geographical fixes," Environment and Planning A, Pion Ltd, London, vol. 33(7), pages 1145-1167, July.
    5. Schmitz, Hubert, 1995. "Small shoemakers and fordist giants: Tale of a supercluster," World Development, Elsevier, vol. 23(1), pages 9-28, January.
    6. Humphrey, John, 1995. "Industrial reorganization in developing countries: From models to trajectories," World Development, Elsevier, vol. 23(1), pages 149-162, January.
    7. Michael Porter, 2003. "The Economic Performance of Regions," Regional Studies, Taylor & Francis Journals, vol. 37(6-7), pages 549-578.
    8. Allen J. Scott & Michael Storper, 2007. "Regions, Globalization, Development," Regional Studies, Taylor & Francis Journals, vol. 41(sup1), pages 191-205.
    9. Mccormick, Dorothy, 1999. "African Enterprise Clusters and Industrialization: Theory and Reality," World Development, Elsevier, vol. 27(9), pages 1531-1551, September.
    10. Blanc, Jérôme, 2002. "Formes et rationalités du localisme monétaire," L'Actualité Economique, Société Canadienne de Science Economique, vol. 78(3), pages 347-369, Septembre.
    11. Clive Lawson & Edward Lorenz, 1999. "Collective Learning, Tacit Knowledge and Regional Innovative Capacity," Regional Studies, Taylor & Francis Journals, vol. 33(4), pages 305-317.
    12. Schmitz, Hubert, 1999. "Collective Efficiency and Increasing Returns," Cambridge Journal of Economics, Oxford University Press, vol. 23(4), pages 465-483, July.
    13. Jérôme Blanc, 2006. "Les monnaies sociales : un outil et ses limites. Introduction générale," Post-Print halshs-00085784, HAL.
    14. Ron Shaffer & Steve Deller & Dave Marcouiller, 2006. "Rethinking Community Economic Development," Economic Development Quarterly, , vol. 20(1), pages 59-74, February.
    15. David Keeble & Clive Lawson & Barry Moore & Frank Wilkinson, 1999. "Collective Learning Processes, Networking and 'Institutional Thickness' in the Cambridge Region," Regional Studies, Taylor & Francis Journals, vol. 33(4), pages 319-332.
    16. M.S. Peacock, 2000. "Local Exchange Trading Systems: A Solution to the Employment Dilemma?," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 71(1), pages 55-78, March.
    17. Schmitz, Hubert, 1999. "Global Competition and Local Cooperation: Success and Failure in the Sinos Valley, Brazil," World Development, Elsevier, vol. 27(9), pages 1627-1650, September.
    18. R Lee, 1996. "Moral money? LETS and the social construction of local economic geographies in Southeast England," Environment and Planning A, Pion Ltd, London, vol. 28(8), pages 1377-1394, August.
    19. Ash Amin, 1999. "An Institutionalist Perspective on Regional Economic Development," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 23(2), pages 365-378, June.
    20. John Humphrey & Hubert Schmitz, 2002. "How does insertion in global value chains affect upgrading in industrial clusters?," Regional Studies, Taylor & Francis Journals, vol. 36(9), pages 1017-1027.
    21. Humphrey, John & Schmitz, Hubert, 1996. "The Triple C approach to local industrial policy," World Development, Elsevier, vol. 24(12), pages 1859-1877, December.
    22. Knorringa, Peter, 1999. "Agra: An Old Cluster Facing the New Competition," World Development, Elsevier, vol. 27(9), pages 1587-1604, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michel, Arnaud & Hudon, Marek, 2015. "Community currencies and sustainable development: A systematic review," Ecological Economics, Elsevier, vol. 116(C), pages 160-171.
    2. Maëlle Della Peruta & Dominique Torre, 2013. "Virtual social currencies for unemployed people: social networks and job market access," Working Papers halshs-00856480, HAL.
    3. Maëlle Della Peruta & Dominique Torre, 2015. "Complementary Currency Systems: Employability and Welfare," GREDEG Working Papers 2015-48, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
    4. Camille Meyer & Marek Hudon, 2017. "Alternative organizations in finance: commoning in complementary currencies," Working Papers CEB 17-015, ULB -- Universite Libre de Bruxelles.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:wdevel:v:36:y:2008:i:11:p:2489-2511. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: http://www.elsevier.com/locate/worlddev .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.