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

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  • 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
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    6. 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), Université Côte d'Azur, France.
    7. Georgina M Gómez, 2010. "What was the Deal for the Participants of the Argentine Local Currency Systems, the Redes de Trueque?," Environment and Planning A, , vol. 42(7), pages 1669-1685, July.
    8. Camille Meyer & Marek Hudon, 2017. "Alternative organizations in finance: commoning in complementary currencies," Working Papers CEB 17-015, ULB -- Universite Libre de Bruxelles.
    9. Sarah Zeller, 2020. "Economic Advantages of Community Currencies," JRFM, MDPI, vol. 13(11), pages 1-11, November.
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