An Impossible Living in a Transborder World: Culture, Confianza, and Economy of Mexican-Origin Populations by Carlos G. Vélez-ibáñezAn Impossible Living in a Transborder World: Culture, Confianza, and Economy of Mexican-Origin Populations by Carlos G. Vélez-ibáñez

An Impossible Living in a Transborder World: Culture, Confianza, and Economy of Mexican-Origin…

byCarlos G. Vélez-ibáñez

Paperback | December 15, 2010

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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.

Carlos G. Vélez-Ibáñez is the author of Bonds of Mutual Trust: The Cultural Systems of Rotating Credit Associations among Urban Mexicans and Chicanos and Border Visions: Mexican Cultures of the Southwest, the latter published by the University of Arizona Press. He currently serves as Presidential Motorola Professor of Neighborhood Revi...
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Title:An Impossible Living in a Transborder World: Culture, Confianza, and Economy of Mexican-Origin…Format:PaperbackDimensions:264 pages, 9 × 6.02 × 0.55 inPublished:December 15, 2010Publisher:University of Arizona PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0816526354

ISBN - 13:9780816526352

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Editorial Reviews

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