The ‘Commodities Consensus’ and Valuation Languages in Latin America

The ‘Commodities Consensus’ and Valuation Languages in Latin America

BY MARISTELLA SVAMPA

The ‘commodities consensus’ underscores the incorporation of Latin America into a new economic and political-ideological global order, sustained by the international boom in prices of raw materials and the continually increasing demand for consumer goods in both  central and emerging economies. This order is consolidating a neo-extractivist development style that generates new comparative advantages — visible in economic growth — at the same time that it produces new asymmetries and social, economic, environmental and politico-cultural conflicts. These tensions signal the opening of a new cycle of struggles, centred on the defense of the territory and the environment, as well as on the discussion of development models and the boundaries of democracy itself.

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