Migrating into Financial Markets Ho Remittances Became a Development Tool [Paperback]

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We understand very little about the billions of dollars that flow throughout the world from migrants back to their home countries. In this rigorous and illuminating work, Matt Bakker, an economic sociologist, examines how these migrant remittances—the resources of some of the world’s least affluent people—have come to be seen in recent years as a fundamental contributor to development in the migrant-sending states of the Global South. This book analyzes how the connection between remittances and development was forged through the concrete political and intellectual practices of policy entrepreneurs within a variety of institutional settings, from national government agencies and international development organizations to nongovernmental policy foundations and think tanks.

 

Matt Bakkeris Assistant Professor of Sociology at Marymount University.

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"Migrating into Financial Marketsoffers a much-needed interpretation of the institutions that frame migration. In this fascinating account, Bakker shows how, unable to come up with a political solution to large-scale migration, Mexico and the United States recast migrants as private actors of economic and social development."—Rubén Hernández-León, coauthor ofSkills of the “Unskilled”: Work and Mobility among Mexican Migrants

"Contrasting governments’ developmentalist rhetoric with the way their policies are actually designed and implemented, this thoughtful study makes an important contribution to a key debate in contemporary development policy."—Gay Seidman, Martindale Bascom Professor of Sociology, Univel3#