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The land grab, finance capital, and food regime restructuring: the case of Egypt

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  • Marion Dixon

Abstract

The role of Egyptian finance capital in acquiring (and attempting to acquire) agricultural land in southern neighbouring countries since the 2007-2008 food-fuel-financial crisis represents in part the southward expansion of the frontier in Egypt, or new socio-ecological spaces for heightened capital accumulation. This expansion, heralded by processes of financialisation, is the latest wave of corporate consolidation of the country's agri-food system. This paper offers an historical analysis of frontier making in modern-day Egypt and how it has been shaped by relations between Egypt and Sudan within a restructuring hegemonic state system, from the nineteenth century to present-day revolutionary times. Then, a case study of one Egyptian financial firm, Citadel Capital, is detailed to demonstrate that the 'global land grab' reflects food regime restructuring with the end of cheap food and oil - and greater food insecurity and political instability in Egypt and in southern neighbouring countries.

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  • Marion Dixon, 2014. "The land grab, finance capital, and food regime restructuring: the case of Egypt," Review of African Political Economy, Taylor & Francis Journals, vol. 41(140), pages 232-248, June.
    • Handle: RePEc:taf:revape:v:41:y:2014:i:140:p:232-248
    DOI: 10.1080/03056244.2013.831342
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    Cited by:

    1. Christian Henderson, 2021. "Land grabs reexamined: Gulf Arab agro-commodity chains and spaces of extraction," Environment and Planning A, , vol. 53(2), pages 261-279, March.
    2. Jakobsen, Jostein, 2021. "New food regime geographies: Scale, state, labor," World Development, Elsevier, vol. 145(C).
    3. Timothy Williams, 2015. "Reconciling food and water security objectives of MENA and sub-Saharan Africa: is there a role for large-scale agricultural investments?," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 7(6), pages 1199-1209, December.
    4. Sarah Ruth Sippel & Nicolette Larder & Geoffrey Lawrence, 2017. "Grounding the financialization of farmland: perspectives on financial actors as new land owners in rural Australia," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 34(2), pages 251-265, June.
    5. Ray Bush, 2016. "Family farming in the Near East and North Africa," Working Papers 151, International Policy Centre for Inclusive Growth.
    6. Eckart Woertz & Martin Keulertz, 2015. "Food trade relations of the Middle East and North Africa with tropical countries," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 7(6), pages 1101-1111, December.

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