Speculative Markets
Drug Circuits and Derivative Life in Nigeria
Duke University Press · Print & ebook · August 25, 2014
In this unprecedented account of the dynamics of Nigeria's pharmaceutical markets, Kristin Peterson connects multinational drug company policies, oil concerns, Nigerian political and economic transitions, the circulation of pharmaceuticals in the Global South, Wall Street machinations, and the needs and aspirations of individual Nigerians.
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- Who it’s for
- An ethnographic account traces Lagos pharmaceuticals through finance, policy, and everyday transactions.
- Themes
- Nigeria’s pharmaceutical markets, Speculation and economic reform, Everyday market transactions
- Genres
- How Cultures Work, Pharma & Biotech Industry, Economic Development
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In this unprecedented account of the dynamics of Nigeria's pharmaceutical markets, Kristin Peterson connects multinational drug company policies, oil concerns, Nigerian political and economic transitions, the circulation of pharmaceuticals in the Global South, Wall Street machinations, and the needs and aspirations of individual Nigerians.
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Studying the pharmaceutical market in Lagos, Nigeria, she places local market social norms 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 economic 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 ethnographic 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.
Lagos Drug Circuits
An ethnographic account traces Lagos pharmaceuticals through finance, policy, and everyday transactions.
Come here for
- Lagos market social norms
- Credit and pricing practices in pharmaceutical trade
Expect
- U.S. monetary policy and neoliberal reforms
- IMF structural adjustment and speculative capital
Where it sits
| Pharma & Biotech Industry | 59% |
|---|---|
| How Cultures Work | 40% |
| Economic Development | 25% |
Percentages are BookFrontier’s reading of the book.
Publisher categories
- West African History
- How Cultures Work
- Authors
- Kristin Peterson
- Publisher
- Duke University Press
- Published
- August 25, 2014
- Format
- Print & ebook
- Theme
- Nigeria’s pharmaceutical markets · Speculation and economic reform · Everyday market transactions
- Reading lane
- West African History