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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. "Migrating into Financial Markets offers 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 of Skills 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, University of Wisconsin—Madison "Bakker offers a cautionary tale of how international policy entrepreneurs' commitment to an ideology of market fundamentalism reduced their approach to addressing the human rights of migrants in the post-9/11 world to lowering the costs of wire transfers and banking the un-banked." -DAVID SPENER, Professor of Sociology, Trinity University and author of Clandestine Crossings: Migrants and Coyotes on the Texas-Mexico Border MATT BAKKER is Assistant Professor of Sociology at Marymount University.

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.

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

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. "Migrating into Financial Markets offers 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 of Skills 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, University of Wisconsin—Madison "Bakker offers a cautionary tale of how international policy entrepreneurs' commitment to an ideology of market fundamentalism reduced their approach to addressing the human rights of migrants in the post-9/11 world to lowering the costs of wire transfers and banking the un-banked." -DAVID SPENER, Professor of Sociology, Trinity University and author of Clandestine Crossings: Migrants and Coyotes on the Texas-Mexico Border MATT BAKKER is Assistant Professor of Sociology at Marymount University.

AbstractIn this article, I focus on two sets of practices that researchers and policy advocates carry out within international organizations and think tanks promoting what I term the remittances‐to‐development (R‐2‐D) agenda. Their work conjured up, elaborated and diffused a representation of remittances as a financial flow and made remittances visible as a promising source of development finance for the global South. First, there is the work of discursive representation in which the advocates of the R‐2‐D agenda collected, compiled and visually represented data to draw out the characteristics of remittances that would make them attractive to development policymakers. Second, there were the policy transfer efforts, in which the champions of the R‐2‐D agenda wielded various forms of soft power to convince national government officials to 'improve' remittances statistics by adopting new measurement techniques. These practices turned remittances into a neoliberal development tool.

Frontmatter -- Contents -- Acknowledgments -- Acronyms -- Part 1. Setting the Stage -- 1. The Politics of Transnational Citizenship -- 2. Reconstructing the Migrant in Mexican State-Policy Discourse -- PART 2. The Politics of Transnational Community Development -- 3. The Regional State and the Politics of Translocality -- 4. The Social Construction of "Migrant-Led Productive Investment" -- Part 3. El Migrante as Transnational Citizen -- 5. Transnational Electoral Politics: The Multiple Coronations of the "Tomato King" -- 6. Institutionalizing New Spaces for Migrant Political Agency: Votary Ser Votado in Mexico -- Part 4. The Two Faces of Transnational Citizenship -- 7. The Second Face of Transnational Citizenship: Migrant Activists Recross the Border -- 8. The Boundaries of Citizenship: Transnational Power Revisited -- Appendix Transnational Ethnography: Methods, Fieldwork, and Subjects -- References -- Index