INTD 497 Lecture Notes - Lecture 6: Neoliberalism, Social Capital, Virtuous Circle And Vicious Circle
20 Dec 2016
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Document Summary
Remittances: money earned by non-nationals and transferred to the home country residents. Migrants follow the network opportunities even if it involves leaving their. Structural problem: hegemony of neoliberalism homes to help their families: assumptions: Marginalization by the world bank, imf and others. Simplified image: does not take into account the view of migrants, their socio- economic and political/cultural structures at home: neglects: Migrant"s experience: needs to take into account subjectivity. Subjective dimension and dependency theory: reciprocal effects of remittances, symbolic meanings attached to remittances: remittances create a social capital with personal meaning to it, social consequences. Key development issue: dependency theory: mechanisms of dependency, migrants are forced into a transnational strategy: they are forced to move into another country. Social status: when migrants move away from their home country, their status declines, as they lose the one they had at home (sana). By sending remittances, their social constraints faced by losing their social status is mitigated.
