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HydropoliticsThe Itaipu Dam, Sovereignty, and the Engineering of Modern South America$
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Christine Folch

Print publication date: 2019

Print ISBN-13: 9780691186603

Published to Princeton Scholarship Online: May 2020

DOI: 10.23943/princeton/9780691186603.001.0001

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PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 25 May 2022

Neoextractivist Futures

Neoextractivist Futures

(p.157) 5 Neoextractivist Futures

Christine Folch

Princeton University Press

This chapter analyzes models of hydroelectric-led development, how policy unfolds, and why politics took over, demonstrating fragilities attendant to hydrostates. To understand how energy policy gets worked out, the chapter traces visionary stances on Itaipú and political-economic futures in light of the Joint Declaration's opening and what happened instead. It explores how hydroelectric-led development in the twenty-first century reimagined hydrodollars. Hydrodollars may be thought of as economic growth and industry and commerce powered by hydroelectricity, government liquidity through energy rent capture, and increased capital circulation within a country because of the spending of rent and wages. Hydrodollar dynamics dominate within Paraguay because industry and commerce are supplied by hydroelectricity.

Keywords:   hydroelectric-led development, hydrostate, energy policy, Itaipú Dam, Joint Declaration, hydrodollars, hydroelectricity, liquidity, Paraguay

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