An Impossible Living in a Transborder World

Culture, Confianza and Economy of Mexican-Origin Populations

By: Carlos G. Velez-Ibanez

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Paperback | 15 December 2010

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264 Pages

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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 today’s transborder economy. With this extensively researched book, Carlos Vélez-Ibáñez 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 in—and suffer through—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 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.

Industry Reviews

"Analysis of ROSCAs has been virtually absent from the sociological and anthropological literature for decades. This book not only revives important concepts in that area but also illustrates how such associations are built into current society. It will be the cornerstone of future analysis and hypothesis-building about confianza, new types of agency, and the integrative quality of informal associations."--Robert R. Alvarez, author of Familia: Migration and Adaptation in Baja and Alta California, 1800-1975

"Velez-Ibanez raises numerous interesting questions regarding the rotating savings and credit associations (ROSCAs) in Mexico and Southwest North America."--Bulletin of Latin American Research

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List of Illustrations	p. ix
Acknowledgments	p. xi
Introduction	p. 1
The Transborder and Transnational Dimensions of Culture and Political Economy	p. 9
Confianza: Building Block of Social Exchange and the Operational Cycles of ROSCAs	p. 44
Social and Cultural Dimensions and Dynamics of Their Class Contexts	p. 87
Living at a Slant in the Midst of Megascripts in the Transborder Southwest North American Region: Dos mujeres sin fin	p. 120
Crossing Divisions and Social Borders: ROSCAs as Transborder Practices and Their Functions	p. 155
Conclusions	p. 182
Foreword to Bonds of Mutual Trust	p. 187
FYGO	p. 189
Six-Person, Thirty-Week Tanda	p. 191
Contract of Agreement	p. 193
Notes	p. 197
Glossary	p. 213
Bibliography	p. 217
Index	p. 235
Table of Contents provided by Ingram. All Rights Reserved.

An Impossible Living in a Transborder World

Culture, Confianza and Economy of Mexican-Origin Populations

At a Glance

Paperback

Industry Reviews

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How to return your order

Defective items

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