'Cambiando el chip': The gendered constellation of subjectivities of the financialisation of remittances in Mexico.

Details

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State: Public
Version: Final published version
License: CC BY-NC 4.0
Serval ID
serval:BIB_150A8E8CFAE6
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
'Cambiando el chip': The gendered constellation of subjectivities of the financialisation of remittances in Mexico.
Journal
Environment & planning A
Author(s)
Kunz R., Ramírez B.
ISSN
0308-518X (Print)
ISSN-L
0308-518X
Publication state
Published
Issued date
06/2022
Peer-reviewed
Oui
Volume
54
Number
4
Pages
779-799
Language
english
Notes
Publication types: Journal Article
Publication Status: ppublish
Abstract
In the wake of the global financial crisis and a context of stagnating development aid, the international community now promotes linking remittances to finance as a development strategy, in what has been termed the 'financialisation of remittances' (FOR). This article analyses the ways in which the financialisation of remittance manifests in Mexico in gendered ways, and what this tells us about financialisation and financial subjectivation processes beyond the global North. We find that the financialisation of remittance represents a shift from earlier remittance-based development models whereby remittances become linked to financial inclusion and social welfare agendas and the focus is broadened beyond migrant income to diaspora wealth. Focusing on the governing arrangements of the financialisation of remittance, we propose the concept of 'constellation of subjectivities' in order to analyse the interrelated and interacting programmatic subjectivities through which the financialisation of remittance manifests in Mexico. Combining this conceptualisation with interdisciplinary feminist insights on financialisation, we analyse the various intersecting social dynamics that weave through such constellations. The analysis - based on document, interview and observation material - finds that the financialisation of remittance in Mexico creates and governs a gendered constellation of financial subjectivities with three dimensions: migrant men, remittance-receiving women and the constitutive outside of the non-transnational family. While most studies tend to focus on transnational families, we demonstrate that non-transnational families are an integral part of the financialisation of remittance. Our analysis destabilises the notion of the universal financial subject and highlights the importance of broadening our analysis of financialisation to constitutive outsides that often fall off the radar.
Keywords
Environmental Science (miscellaneous), Geography, Planning and Development, Mexico, Remittances, financial subject, financialisation, gender
Pubmed
Web of science
Open Access
Yes
Create date
06/12/2021 23:51
Last modification date
05/04/2023 6:55
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