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

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Periodical article

Title:	The land grab, finance capital, and food regime restructuring: the case of Egypt
Author:	Dixon, Marion
Year:	2014
Periodical:	Review of African Political Economy (ISSN 0305-6244)
Volume:	41
Issue:	140
Pages:	232-248
Language:	English
Geographic terms:	Egypt Sudan
Subjects:	food industry agricultural land land acquisition boundaries private enterprises
External link:	https://doi.org/10.1080/03056244.2013.831342
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 financialization, is the latest wave of corporate consolidation of the country's agri-food system. This article 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. Bibliogr., notes, ref., sum. in English and French. [Journal abstract]