IDEAS home Printed from https://ideas.repec.org/a/taf/ctwqxx/v44y2023i8p1825-1843.html
   My bibliography  Save this article

The failure of (neo-)extractivism in Latin America – explanations and future challenges

Author

Listed:
  • Hannes Warnecke-Berger
  • Hans-Jürgen Burchardt
  • Kristina Dietz

Abstract

The article scrutinises the failure of neo-extractivism in Latin America. Parallel to the global super cycle of commodity prices, many Latin American governments turned to the left and promised redistribution and development, particularly for the poor. Empirically we show that neo-extractivism has become a veritable development model since the beginnings of the 2000s for many Latin American societies. We further show that the recent favourable commodity conjuncture did not translate into diversification and a shift towards non-extractivist sectors away from neo-extractivism, however. In short: neo-extractivism failed. Analysing this failure needs to focus on the underlying political economic conditions that make such a development model possible in the first place, that are reinforced by that very model, and that are prone to crisis; that is, economic rents and their appropriation. We state that the root cause of the emergence as well as the failure of neo-extractivism in Latin America lies in the prevalence of rents. We call for a renewed interest in rent theory and a shift towards political economy in the analysis of development

Suggested Citation

  • Hannes Warnecke-Berger & Hans-Jürgen Burchardt & Kristina Dietz, 2023. "The failure of (neo-)extractivism in Latin America – explanations and future challenges," Third World Quarterly, Taylor & Francis Journals, vol. 44(8), pages 1825-1843, August.
    • Handle: RePEc:taf:ctwqxx:v:44:y:2023:i:8:p:1825-1843
    DOI: 10.1080/01436597.2023.2203380
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/01436597.2023.2203380
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/01436597.2023.2203380?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

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

    More about this item

    Statistics

    Access and download statistics

    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:taf:ctwqxx:v:44:y:2023:i:8:p:1825-1843. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/ctwq .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.