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Remittances and Households in the Age of Neoliberal Uncertainty

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  • Kalpana Khanal
  • Zdravka Todorova

Abstract

International migration and remittance flows have been reframed as catalysts for poverty reduction and development through marketization. Growth, measurement, and promotion of global remittances have emerged against the backdrop of neoliberal structural adjustment programs and financialization. Those processes have paralleled the emergence of the transnational household as a global institution. The article suggests that transnational households characterize a new stage of neoliberal capitalist development. The article revisits Karl Polanyi’s The Great Transformation and discusses how active governance and neoliberal discourse regulate and frame labor and remittances as “fictitious commodities.” Further, it is argued that transnational households take active roles in Polanyi’s “double movement,” by providing social protection amidst narrow public responsibility for provisioning. The article identifies this as a new element of “the great transformation,” and referring to J. K. Galbraith, as a new age of neoliberal uncertainty.

Suggested Citation

  • Kalpana Khanal & Zdravka Todorova, 2019. "Remittances and Households in the Age of Neoliberal Uncertainty," Journal of Economic Issues, Taylor & Francis Journals, vol. 53(2), pages 515-522, April.
  • Handle: RePEc:mes:jeciss:v:53:y:2019:i:2:p:515-522
    DOI: 10.1080/00213624.2019.1603763
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