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. 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.
    2. 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.

    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. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. 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.
    7. Kyriacou, Andreas P., 2023. "Clientelism and fiscal redistribution: Evidence across countries," European Journal of Political Economy, Elsevier, vol. 76(C).
    8. 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.
    9. repec:ipg:wpaper:2014-501 is not listed on IDEAS
    10. Dong, Jing & Xu, Wanyu & Cha, Jun, 2021. "Rural entrepreneurship and job creation: the hybrid identity of village-cadre-entrepreneurs," China Economic Review, Elsevier, vol. 70(C).
    11. Gerrit Rooks & Kim Klyver & Arthur Sserwanga, 2016. "The Context of Social Capital: A Comparison of Rural and Urban Entrepreneurs in Uganda," Entrepreneurship Theory and Practice, , vol. 40(1), pages 111-130, January.
    12. Paniagua, Victoria, 2022. "When clients vote for brokers: How elections improve public goods provision in urban slums," World Development, Elsevier, vol. 158(C).
    13. Lau, Chung-Ming & Yiu, Daphne W. & Yeung, Ping-Kwong & Lu, Yuan, 2008. "Strategic orientation of high-technology firms in a transitional economy," Journal of Business Research, Elsevier, vol. 61(7), pages 765-777, July.
    14. Frederico Finan & Laura Schechter, 2012. "Vote‐Buying and Reciprocity," Econometrica, Econometric Society, vol. 80(2), pages 863-881, March.
    15. repec:foi:wpaper:2010_14 is not listed on IDEAS
    16. Celestine Katongole & John C. Munene & Muhammed Ngoma & Samuel Dawa & Arthur Sserwanga, 2015. "Entrepreneur’s Intrapersonal Resources and Enterprise Success among Micro and Small Scale Women Entrepreneurs," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 23(04), pages 405-447, December.
    17. Rajkamal Singh & Rahul Hemrajani, 2018. "Concentric Clientelism: A Case Study of Rural Saharanpur," Studies in Indian Politics, , vol. 6(2), pages 247-266, December.
    18. Varkkey, Helena & Tyson, Adam & Choiruzzad, Shofwan Al Banna, 2018. "Palm oil intensification and expansion in Indonesia and Malaysia: Environmental and socio-political factors influencing policy," Forest Policy and Economics, Elsevier, vol. 92(C), pages 148-159.
    19. Beg, Sabrin, 2021. "Tenancy and clientelism," Journal of Economic Behavior & Organization, Elsevier, vol. 186(C), pages 201-226.
    20. Kalnins, Arturs & Williams, Michele, 2014. "When do female-owned businesses out-survive male-owned businesses? A disaggregated approach by industry and geography," Journal of Business Venturing, Elsevier, vol. 29(6), pages 822-835.
    21. Bhabesh Hazarika, 2020. "Gender income gap in rural informal micro-enterprises: an unconditional quantile decomposition approach in the handloom industry," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 10(3), pages 441-473, September.
    22. Lacey Ann Wrubel, 2010. "Earnings determinants for own-account workers in the urban informal economy: The case of Bogotá, Colombia," Serie de Documentos en Economía y Violencia 6842, Centro de Investigaciones en Violencia, Instituciones y Desarrollo Económico (VIDE).

    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.