It's a Matter of Market Devices: Performing the Rural Real Estate Market in Vilcabamba, Ecuador
This work investigates how Vilcabamba, a small town in southern Ecuador, came to acquire the characteristics of a real estate market: buyers interested in buying, sellers interested in selling, and land as an object of exchange. It analyzes several market devices (Callon, 2007) created by International Living, Ltd. that transformed prospective land buyers into economic actors, and presents a new category of international retirement migration (IRM) - synthetic migrants - to identify this phenomenon. Considering the role of real estate agents, it examines the market devices they create to enact a transparent real estate market by standardizing the real estate process Finally, it looks at how land is performed as a market object through a series of transformations in which real estate intermediaries take knowledge of the land out of networks of relational memory and deposit it into market repositories. Additionally, considering some detrimental effects of synthetic migration, it explores the role of market devices in creating inequality, in this case, between the Ecuadorians and foreigners, and proposes that market devices might constitute an original way in which to study larger issues of globalization.Using Vilcabamba, Ecuador as a case study, it investigates the knowledge economists, and by extension business practitioners provide for calculating and constituting the relationships between humans, nature and society and explores how economic science fundamentally transforms and reconstitutes the world by making it calculable, and therefore marketable.
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Ge, Lei (Georgetown University, 2018)This dissertation comprises three chapters related to the risk-taking decisions of the firms and the households. The first two chapters study the risk-taking from the perspectives of the investment risk of the CEOs and its ...