IDEAS home Printed from https://ideas.repec.org/a/spr/blkpoe/v41y2014i1p85-100.html
   My bibliography  Save this article

The Politics of Resistance: Informal banks in the Caribbean

Author

Listed:
  • Caroline Hossein

Abstract

Informal banks are as relevant as they were in slave times because they are creating financial alternatives for marginalized people. I explore this issue with an empirical study of 398 business people in the slums of Jamaica and Guyana. I use intersectionality theorizing to explain that poor women organize local banks as a form of contestation against the threat of violence, partisan and informal politics. Women from poor communities mobilize economic resources through mutual aid to resist dependence on corrupt political systems and exclusionary financial institutions. I argue that the banker ladies reorganize money markets for themselves and others. By organizing inclusive financial programs the banker ladies also build social capital through managing locally-based economic resources. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Caroline Hossein, 2014. "The Politics of Resistance: Informal banks in the Caribbean," The Review of Black Political Economy, Springer;National Economic Association, vol. 41(1), pages 85-100, March.
    • Handle: RePEc:spr:blkpoe:v:41:y:2014:i:1:p:85-100
    DOI: 10.1007/s12114-013-9171-9
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s12114-013-9171-9
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s12114-013-9171-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Wong, David C, 1996. "A Theory of Petty Trading: The Jamaican Higgler," Economic Journal, Royal Economic Society, vol. 106(435), pages 507-518, March.
    2. Scott, James C., 1972. "Patron-Client Politics and Political Change in Southeast Asia," American Political Science Review, Cambridge University Press, vol. 66(1), pages 91-113, March.
    3. Honig, Benson, 1998. "What determines success? examining the human, financial, and social capital of jamaican microentrepreneurs," Journal of Business Venturing, Elsevier, vol. 13(5), pages 371-394, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. David Ikwuoche & Adubisi Obinna & Farouk Bilkisu & Adehi Mary, 2020. "Assessing MSMEs Growth Through Rosca Involvement Using Paired t-Test and One Sample Proportion Test," Journal of Social and Economic Statistics, Sciendo, vol. 9(2), pages 30-42, December.
    2. Md Aslam Mia & Lucia Dalla Pellegrina & Patrick Damme & Mahinda Wijesiri, 2019. "Financial Inclusion, Deepening and Efficiency in Microfinance Programs: Evidence from Bangladesh," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 31(4), pages 809-835, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Miquel Pellicer & Eva Wegner & Lindsay J. Benstead & Ellen Lust, 2021. "Poor people’s beliefs and the dynamics of clientelism," Journal of Theoretical Politics, , vol. 33(3), pages 300-332, July.
    2. Robert Kubinec, 2018. "Patrons or Clients? Measuring and Experimentally Evaluating Political Connections of Firms in Morocco and Jordan," Working Papers 1280, Economic Research Forum, revised 26 Dec 2018.
    3. Marco van Gelderen & Marco van Gelderen & Niels Bosma & Niels Bosma & Roy Thurik & Roy Thurik, 2001. "Setting up a business in the Netherlands," Scales Research Reports H200013, EIM Business and Policy Research.
    4. Richard W. Carney & Travers Barclay Child, 2015. "Business Networks and Crisis Performance: Professional, Political, and Family Ties," Tinbergen Institute Discussion Papers 15-135/V, Tinbergen Institute, revised 20 Feb 2015.
    5. Pande, Rohini, 2008. "Understanding Political Corruption in Low Income Countries," Handbook of Development Economics, in: T. Paul Schultz & John A. Strauss (ed.), Handbook of Development Economics, edition 1, volume 4, chapter 50, pages 3155-3184, Elsevier.
    6. Rose,Jonathan & Gowthaman,Balachandran, 2015. "Civil service recruitment in Comoros : a case of political clientelism in a decentralized state," Policy Research Working Paper Series 7428, The World Bank.
    7. Mayer-Haug, Katrin & Read, Stuart & Brinckmann, Jan & Dew, Nicholas & Grichnik, Dietmar, 2013. "Entrepreneurial talent and venture performance: A meta-analytic investigation of SMEs," Research Policy, Elsevier, vol. 42(6), pages 1251-1273.
    8. Kenju Kamei, 2021. "Incomplete Political Contracts with Secret Ballots: Reciprocity as a Force to Enforce Sustainable Clientelistic Relationships," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 37(2), pages 392-439.
    9. Unger, Jens M. & Rauch, Andreas & Frese, Michael & Rosenbusch, Nina, 2011. "Human capital and entrepreneurial success: A meta-analytical review," Journal of Business Venturing, Elsevier, vol. 26(3), pages 341-358, May.
    10. Ebney Ayaj Rana & Mustafa Kamal, 2018. "Does Clientelism Affect Income Inequality? Evidence from Panel Data," Journal of Income Distribution, Ad libros publications inc., vol. 26(1), pages 1-24, March.
    11. Brixiová, Zuzana & Kangoye, Thierry & Said, Mona, 2020. "Training, human capital, and gender gaps in entrepreneurial performance," Economic Modelling, Elsevier, vol. 85(C), pages 367-380.
    12. Oscar Amarasinghe, 1989. "Technical Change, Transformation of Risks and Patronage Relations in a Fishing Community of South Sri Lanka," Development and Change, International Institute of Social Studies, vol. 20(4), pages 701-733, October.
    13. Michiel Verver & Juliette Koning, 2024. "An anthropological perspective on contextualizing entrepreneurship," Small Business Economics, Springer, vol. 62(2), pages 649-665, February.
    14. Virginia Simón-Moya & Lorenzo Revuelto-Taboada & Domingo Ribeiro-Soriano, 2012. "Are success and survival factors the same for social and business ventures?," Service Business, Springer;Pan-Pacific Business Association, vol. 6(2), pages 219-242, June.
    15. Kartik Misra, 2019. "No Employment without Participation : An Evaluation of India's Employment Program in Eastern Uttar Pradesh," UMASS Amherst Economics Working Papers 2019-13, University of Massachusetts Amherst, Department of Economics.
    16. Souksavanh VIXATHEP & Nobuaki MATSUNAGA, 2015. "Entrepreneurial Human and Social Capital in Small Businesses in Vietnam - An Extended Analysis -," GSICS Working Paper Series 29, Graduate School of International Cooperation Studies, Kobe University.
    17. Kyriacou, Andreas P., 2023. "Clientelism and fiscal redistribution: Evidence across countries," European Journal of Political Economy, Elsevier, vol. 76(C).
    18. Redhead, Daniel Dr. & Maliti, Emmanuel & Andrews, Jeffrey & Borgerhoff Mulder, Monique, 2023. "The Interdependence of Wealth: Exploring the associations between relational and material wealth in Pemba," SocArXiv xkcez, Center for Open Science.
    19. Jörn Block & Christian Fisch & Farooq Rehan, 2020. "Religion and entrepreneurship: a map of the field and a bibliometric analysis," Management Review Quarterly, Springer, vol. 70(4), pages 591-627, November.
    20. Domingo Soriano & Gary Castrogiovanni, 2012. "The impact of education, experience and inner circle advisors on SME performance: insights from a study of public development centers," Small Business Economics, Springer, vol. 38(3), pages 333-349, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:blkpoe:v:41:y:2014:i:1:p:85-100. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.