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This book is about how men and women, particularly the poor and the unbanked in the global South, use money in ways that empower them and their families. Money as a medium of relationships across cultures is at the center of this inclusive story of globalization. It includes interconnected markets and half the world that is unbanked, particularly women.
Globalization and Money covers new and old currencies and ways of banking and payments. It moves from shell money in Kiribati to M-PESA in Kenya, the shagun in North India and the ang pow among the Chinese. Men and women’s banking patterns connect with the way they display their management of money in the joint family or nuclear household. Migrants send money home to show they care for their families and communities left behind. Yet these remittances are worth more than three times official development assistance. The mobile phone transforms communication, as well as ensuring people in the Global South can send money instantaneously to their family in the vil lage.
The author emphasizes these personal dimensions of money and globalization. She draws on her research on money, banking and the use of information and communication technologies in Australia, India, Malaysia, Papua New Guinea and Kenya, as well as her global family networks as a migrant.
This book will be of interest to students and scholars alike who engage with the sociology of money and banking, and policy makers interested in migration and remittances. It will also appeal to everybody interested in globalization and the personal and market aspects of money in the global South.
ISBN - 9788125051121
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Pages : 248
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