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ID:
153004
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| Summary/Abstract |
This article offers an account of the impact of Indian PM Narendra Modi’s decision in November 2016 to withdraw suddenly all Rs 500 and Rs 1000 notes from circulation in India with the avowed intent of combatting fraud, tax avoidance and other economic problems. The article assesses the impact from the demonetisation in November to the March 2017 Indian regional elections, where wide-scale victories for Modi’s political party, the BJP, appear to have vindicated his reforms. The article provides an analysis of the political background of the period, as well as looking at the economic and societal impact of the changes, including the way in which the behaviour of Indian citizens has been ‘nudged’ with particular regard to use of banking, transactions, social effects, and payment of tax.
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| 2 |
ID:
180231
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| Summary/Abstract |
This essay attempts to rectify the silence about the willful expropriation, by British and Israeli forces, of private Palestinian financial assets. Placing at its core the stories of ordinary Palestinians, it explores how they were robbed of their bank accounts, bonds, stocks, pensions, salaries, and safety deposit boxes during the creation and termination of the Palestine Mandate (in both 1917 and 1948). The essay argues that the basic financial structure of colonization, which deprives the colonized of the protection of sovereign banking institutions, facilitated these thefts. It also argues that the supposedly neutral rules of finance acted as a fig leaf to such dispossessions. Based on archival research and oral histories, it presents a new social history of finance that centers the experiences and subjectivities of non-elite Palestinians who strove to defend themselves and assert their rights, individually and collectively, during pivotal moments of violent upheaval and rupture.
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