An Impossible Living in a Transborder World

An Impossible Living in a Transborder World

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They are known as cundinas or tandas in Mexico, and for many people these local savings-and-loan operations play an indispensable role in the struggle to succeed in todaya€™s transborder economy. With this extensively researched book, Carlos VAclez-IbAiApez updates and expands upon his major 1983 study of rotating savings and credit associations (ROSCAs), incorporating new data that reflect the explosion of Mexican-origin populations in the United States. Much more than a study of one economic phenomenon though, the book examines the way in which these practices are part of greater transnational economies and how these populations engage ina€”and suffer througha€”the twenty-first century global economy. Central to the ROSCA is the cultural concept of mutual trust, or confianza. This is the cultural glue that holds the reciprocal relationship together. As VAclez-IbAiApez explains, confianza a€œshapes the expectations for relationships within broad networks of interpersonal links, in which intimacies, favors, goods, services, emotion, power, or information are exchanged.a€ In a border region where migration, class movement, economic changes, and institutional inaccessibility produce a great deal of uncertainty, Mexican-origin populations rely on confianza and ROSCAs to maintain a sense of security in daily life. How do transborder people adapt these common practices to meet the demands of a global economy? That is precisely what VAclez-IbAiApez investigates.Autofin MAcxico Payment Schedule (in pesos) Payment Balance Fixed Monthly Payment 3 27 676 4 26 667 5 25 658 6 24 655 ... In 2008, Hondaa#39;s RCAs formed groups of 120 participants in a forty-eight-month plan, in which automobiles were anbsp;...

Title:An Impossible Living in a Transborder World
Author:Carlos Vélez-Ibáñez, Carlos G Vélez-Ibañez
Publisher:University of Arizona Press - 2010-12-15


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