“Neo-Extractivism“ in Latin America: A New Model of Rentism?
This presentation addresses the concept of “new or neo-extractivism” and the changing role of the state in Latin America. Looking at a number of social and economic indicators, we observe, even after considering differences between countries, (neo-)extractivism is not a temporary economic strategy in the region. Instead, it exhibits features of a consolidated development project. Empirical evidence from the region shows the fundamental implications of resource-based development paths in politics, social relations and territorial orders. To grasp these implications conceptually, we argue for a shift in theoretical perspectives, related to the link between development and resource extraction. Key elements for such a shift are to be found in recent studies in rentier theory.