An Impossible Living in a Transborder World
culture, confianza, and economy of Mexican-origin populations
Publication Year: 2010
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 Vélez-Ibáñez explains, confianza "shapes the expectations for relationships within broad networks of interpersonal links, in which intimacies, favors, goods, services, emotion, power, or information are exchanged." 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 Vélez-Ibáñez investigates.
Published by: University of Arizona Press
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I conducted my original research on rotating savings and credit associations (ROSCAs) in 1978 and 1979, and I have continued my work on this topic from 1980 to the present. The most recent research concentrated on the Mexican states of Sinaloa and Baja California and on the U.S. states of Arizona, California (both northern and southern), New Mexico, and ...
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At first light, this book may seem to be merely about some economic practices shared by mostly Mexican-origin populations on both sides of the border. However, it is much more about the manner in which these populations are part of greater economies and polities and how such populations manage to use their social and cultural capital to engage ...
1. The Transborder and Transnational Dimensions of Culture and Political Economy
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Although a tiny but significant comment hidden in a footnote twenty-seven years ago declared that there were indications of the existence of âtransnational commuter rotating credit associationsâ (VÃ©lez-IbÃ¡Ã±ez 1983, 26, table 1.1, n. 4), I failed to develop this in my thinking or focus on it in either in an empirical or cognitive sense. When I use the word ...
2. Confianza: Building Block of Social Exchange and the Operational Cycles of ROSCAs
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Rotating savings and credit associations (ROSCAs) cannot operate without confianza (mutual trust), and this mutual trust has to be understood as truly a transborder construct operating since Mexican-origin populations have lived in the Southwest North American Region and in the Americas. Confianza has certainly been present and been a crucial...
3. Social and Cultural Dimensions and Dynamics of Their Class Contexts
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The seriousness with which rotating savings and credit associations (ROSCAs) are regarded among many social sectors can be simply illustrated by the following ledger of payments due immediate attention. The expense ledger belonged to an individual in Chapala, a lakeside town an ...
4. Living at a Slant in the Midst of Megascripts in the Transborder Southwest North American Region: Dos mujeres sin fin
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There can be no doubt that the spread of rotating savings and credit associations (ROSCAs) are the local and transborder expression of much larger economic, demographic, social, material, and political processes in the transborder region and the Southwest North American Region, as I postulated in chapter 1. However, a number of important dynamic eco- ...
5. Crossing Divisions and Social Borders: ROSCAs as Transborder Practices and Their Functions
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This work so far has focused on broad theoretical assumptions that provide insights into how rotating savings and credit associations (ROSCAs) have emerged as important practices among many Mexican-origin populations. It has shown that ROSCAs are highly movable and cross the political borders of the Southwest North American Region. It has also ...
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From a transborder and transnational perspective, previous chapters have discussed the widespread use of rotating savings and credit associations (ROSCAs) by Mexican-origin populations. As I have indicated, this practice has expanded throughout many social sectors in the United States and Mexico. Its distribution across classes, occupations, and resi- ...
Appendix A: Foreword to Bonds of Mutual Trust (V
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Appendix B: FYGO
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Appendix C: Six-Person, Thirty-Week Tanda
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Appendix D: Contract of Agreement
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Publication Year: 2010