What does it mean to securitize an issue?
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What does it mean to securitize an issue?
Securitization in international relations and national politics is the process of state actors transforming subjects from regular political issues into matters of “security”: thus enabling extraordinary means to be used in the name of security.
Who coined the word securitization?
Originally devised by Ole Wæver, the concept of securitization provided a fresh take on the increasingly tiresome debate between those who claimed that threats are objective (i.e., what really constitutes a threat to international security) on the one hand, and those that maintained that security is subjective (what is …
What is a securitizing actor?
Securitising actors are described as ‘actors who securitize issues by declaring something – a referent object – existentially threatened’ (Ibid, 36); referent objects, in turn, are ‘things that are seen to be existentially threatened and that have a legitimate claim to survival’ (Ibid, 36).
Can subaltern speak summary?
Gayatri Chakravorty Spivak, in her influential essay, ”Can the Subaltern Speak? ‘ argues that the abolition of the Hindu rite of sati in India by the British ”has been generally understood as a case of ”White men saving brown women from brown men”.
What can you securitize?
In theory, any financial asset can be securitized—that is, turned into a tradeable, fungible item of monetary value. In essence, this is what all securities are. However, securitization most often occurs with loans and other assets that generate receivables such as different types of consumer or commercial debt.
What are the 5 sectors of security?
In his article “New Patterns of Global Security in the Twenty-First Century”, Buzan analyses how five sectors of security (Political, Military, Economic, Societal, and Environmental) might affect the “periphery” based on changes in the “center”.
Can the Subaltern Speak meaning?
The basic claim and opening statement of “Can the Subaltern Speak?” is that western academic thinking is produced in order to support western economical interests. Spivak holds that knowledge is never innocent and that it expresses the interests of its producers.
Why is securitization important?
The main reason for securitization is to reduce a company’s funding costs. Through securitization, a company that is rated BB but maintains assets that are very high in quality (AAA or AA) can borrow at significantly lower rates, using the high quality assets as collateral, as opposed to issuing unsecured debt.
How do securitisations work?
Securitisation is a financing technique by which homogeneous income-generating assets − which on their own may be difficult to trade − are pooled and sold to a specially created third party, which uses them as collateral to issue securities and sell them in financial markets.
What is macro securitization?
Macrosecuritisations are defined by the same rules that apply to other securitisations: identification of an existential threat to a valued referent object and the call for exceptional measures.
Can the Subaltern Speak essay by Gayatri Spivak?
Gayatri Chakravorty Spivak’s original essay “Can the Subaltern Speak?” transformed the analysis of colonialism through an eloquent and uncompromising argument that affirmed the contemporary relevance of Marxism while using deconstructionist methods to explore the international division of labor and capitalism’s ” …
How does a securitisation work?
