“We’re Living from Loan-to-Loan”: Pastoral Vulnerability and the cashmere-debt Cycle in Mongolia

Daniel J. Murphy

A chapter in Individual and Social Adaptations to Human Vulnerability, 2018, vol. 38, pp 7-30 from Emerald Group Publishing Limited

Abstract: This paper explores the emerging articulations between microfinance and livestock production cycles among Mongolian pastoralists in contexts plagued by disaster and commodity market fluctuations. Ethnographic investigations of household production and vulnerability in two rural districts of eastern and western Mongolia demonstrates that both poor and wealthy households have become ensnared in a cashmere-debt cycle but that the bifurcation of livestock asset trajectories between large and small herds has also fostered diverse financial and herd management strategies that further exacerbate existing inequalities.

Keywords: Pastoralism; vulnerability; microfinance; disaster; livelihoods (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eme:reanzz:s0190-128120180000038002

DOI: 10.1108/S0190-128120180000038002

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