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Semi-peripheral financialization and informal household solutions: embedded scales of uneven development in a Hungarian agglomeration zone

Conference contribution
Authors Agnes Gagyi
Csaba Jelinek
Zsuzsanna Posfai
Andras Vigvari
Published in Households and Peripheral Financialization in Europe workshop, Max Planck Institute for Social Anthropology
Publication year 2018
Published at Department of Sociology and Work Science
Language en
Keywords housing, financialization, geography, labor, informality
Subject categories Social and Economic Geography, Sociology


Based on a collective research project that connects anthropology and political economy perspectives, our paper makes an attempt to link the aspects of variegated financialization, economic and spatial inequality and state policies in housing within an approach based on long-term processes of dependent and uneven semi-peripheral development. Within this framework, we conceive of present local specificities of financialization in relation to long-term patterns of uneven development that reach across productive and financialization cycles of world-market integration. We ask how macro-scale dependencies are embedded within lower scales, and particularly how consequent waves of financial (over)inclusion and exclusion are spatially and socially rolling out through financialized housing structures in Hungary before and after the 2008 crisis. We approach core-periphery relations within the national scale as a long-term functional interconnection through which rural areas and informal household labor serve as resources for formal development and accumulation. The articulation of these relations in space and in household practices becomes especially visible in in-between spaces that fulfill an intermediary role in demographic and financial flows. In our case study, we show how the variegated effects of financialization, industrial restructuring and state governance appear within the housing careers, labor relations, and informal household solutions of families living in an informal housing area developing within an agglomeration zone that serves as a transition zone between core and periphery positions within current relations of accumulation and exclusion.

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